Unit Treasury
The UNIT Token Treasury panel provide detailed information of UNIT Token.
The Treasury is where retained earnings go, and it sets a lowest price for the token.
Tokens deposited into the treasury can only be removed by token holders in a redemption.
Increase in value in Treasury will increase the price support for the token. This will also result in more confidence in the token.
Treasury Dashboard
The treasury dashboard has 2 panels:
- Treasury Overview
- Treasury History
Treasury Overview panel
A list of all the tokens held in treasury is shown in the Treasury Overview panel.
Token burnt
UNIT tokens sent to its treasury are burnt.
In this example, you will see there are 1,000 $UNIT tokens sent to UNIT treasury.
The value of these tokens are not included in the treasury balance and the are burnt, and therefore deducted from the total supply.
Treasury Overview - REDEEM panel
Note:
Tokens deposited in the treasury can ony be redeemed by token holders, based on how many tokens they own.
Redemption from Treasury is based on the floor value (lowest price) of the token.
Treasury - SEND
To make transfers of crypto into the treasury, navigate to Wallet -> Send -> Select Token Treasury
A choice of 17 wrapped tokens and Unit token can be sent to the token treasury to increase the token "capital".
Tokens transferred into the treasury can ony be redeemed by token holders.
Treasury - RECEIVE
To make transfers of crypto into the treasury, navigate to Wallet -> Send -> Select Token Treasury
A choice of 17 wrapped tokens and Unit token can be sent to the token treasury to increase the token "capital".
Tokens transferred into the treasury can ony be redeemed by token holders.
Treasury History panel
The Treasury History panel lists all the deposits into the Treasury.
Examples of deposits into the treasury:
- Exchange transaction fees
- Profits from a business
- Sales transactions
- Native tokens sent are burnt
Treasury Transfer concepts
Exchange transaction fees
Exchange transaction fees are incurred when there are BUY/SELL transactions involving the native token (symphony). The fees are sent to the treasury.
Profits from a business
The concept here refers to when a user creates a token for a business. The token may be used in the course of the business, and when there is profit made, it is accumulated in the Bank. However, to create more confidence in the token, the token owner can choose to send the profit gained to the treasury providing a higher floor for support for the tokens. This will enable potential investors to have more confidence in the token in their decision to invest in the token.
Native tokens sent are burnt
When native token (in this case UNIT token) are sent to treasury, they are burnt and removed from the total supply.
This happens when investors or token creator wants to reduce the market supply of the tokens, which will have an effect of increasing the token value.