The Tracer Token (TRCR)
Last updated
Last updated
The Tracer token (TRCR) is an ERC20 token with a pre-minted supply. Key features and functions of the Tracer token include:
Governance: TRCR token holders can vote on protocol decisions, such as upgrading smart contracts, granting or revoking Endorser NFTs, and managing the Tracer DAO treasury, ensuring decentralized control and community-driven development.
Sybil resistance: To protect against Sybil attacks and ensure fair governance, only owner locked TRCR tokens can vote.
Deflationary mechanism: A portion of the fees collected during the minting of Carrot tokens is used to buy back and burn TRCR tokens, creating deflationary pressure.
