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What are treasury bonds Posted by 4 months ago
You have palyed the faucet and you just won 0.01 treasury bonds, but you have no ideea what they are ? You are not alone. It happend to me also.
The problem is there is no info on this aspect of the game. There is no Bonds section, no market, nothing. So i got in touch with the team for more info. I will write this article teach what i have found.
First of all treasury bonds are an asset that represent a piece of a state budget. 20% of a state budget income will go to maintain the bonds value in a mechanism similar to CoinRepublik Token. Bonds are linked to a state budget so they are over 150 types of bonds. We have US bonds, UK bonds, Spain bonds and so on.
The most important factor about bonds is that they are generated through the official faucet. Even if you buy them from other players, they where initially generated at a faucet. Bonds are generated at a maximum rate of 0.1 / hour or 2.4 / day. The maximum number of bonds for each state is 10.000, so if the total number of bonds reach 10.000 no other assets will be generated. That means it will take over 10 years to reach that amount but only if nobody sells them back to the contract. In this case the sold bonds are burned and the total qty decreases.
But why would you buy and hold bonds ? Well, the same mechanisms apply to bonds as in CoinRepublik Token case. Once the first 100 bonds are generated for a country, an Ethereum smart contract will be activated. The team will deposit 20% of all state budget income until that point (minimum $100) and the bond will have it own life and value.
You will be able to withdraw bonds to your wallet and sell them back to the contract. The bonds section will be activated in Politics page until the end of 2019. The section will include everything you have to know, including a link to the smart contract in case the bond becomes active. It will also include a market where you can buy bonds from other players.
A country bond value depends of course on the state budget income. If the state budget income is $500 / month, then $100 will be paid to the contract each month. It's not much but because just 75 bonds are generated each month, it still means over $1 / bond at buy back price.
So on short bonds are another type of investment. Once a bonds is activated it means the country has enough players / activity to worth something. It takes a lot of faucet rolls to generate 1 bond (around 5000) and only a strong / active community can reach the 100 bonds threshold. Until then if you think the country will have a future, the best way is to buy them at small prices and wait for activation.
Once the bond is activated it will be backed up by future state budget income plus $100 from the very first day. My advice is to buy at maximum $0.5 and wait for bond activation for a quick profit.
Good luck and don't forget to upvote this article.
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