1.6 CoinRepublik Token

CoinRepublik Token (CRT) is an Ethereum token (ERC20) that represents a piece of CoinRepublik. The holders are appointed shareholders and will receive dividends 3 times a month. The maximum number of CRTs is limited to 50,000.

Like any token, CRT has behind it a contract (a script) that runs autonomously on the Ethereum network. The contract has two essential tasks: ensure the transfer of tokens from one address to another, and buy any amount of CRT from shareholders at any time of day or night.

Buyback Mechanism

The price at which CRT buys varies depending on the balance of the contract and the amount of tokens in circulation. All redemptions made by the contract are in ETH, one of the most liquid cryptocurrencies in the world.

The funds in the contract represent the guarantee that no matter what happens to the team of admins/servers/employees of CoinRepublik, the shareholders will be able to sell their shares at the correct price.

Value

The value of a token expressed in ETH decreases only when new tokens are generated, increases only when the team sends funds to the contract, and remains stable when the tokens are redeemed by the contract. Normally, the long-term trend is to increase the price in ETH because the team makes payments 3 times a month.