Tokenomics
The dual-token ecosystem: Tracer and Carrot
The ecosystem consists of two primary tokens: Tracer and Carrot, each serving unique and complementary roles to support a functional and scalable Carbon Dioxide Removal (CDR) economy.
Tracer Token:
Type: ERC20 token with a preminted supply.
Purpose: Governance, incentivizing and economic stability.
Ticker: $TRCR
Total supply cap: 12,500.000.000 (12.5 billion) - 100% minted at token generation event.
Deflationary mechanism: Tracer tokens are automatically bought and burnt using proceeds from the carrot minting commission to reduce supply and create deflationary pressure.
Description: Tracer tokens are used to vote on issues related to both tracer and carrot, manage the treasury, and ensure the integrity of the ecosystem. Locking mechanism protects governance (defense against Sybil attacks).
Carrot Token:
Type: ERC1155 fungibility-agnostic token.
Ticker: $CRRT
Purpose: Enable efficient management of multiple token types within a single contract.
Minting process: Progressive by the project.
Description: Carrot tokens are minted by projects validated by endorsers and can be either fungible or non-fungible. Each carrot token represents a specific amount of CO2 removed and includes details about the project and its persistence. A percentage of minted carrot tokens are transferred to the Tracer DAO.
The governance token, tracer, is explained in detail to describe the significant tokenomics involving different stakeholder groups, acquisition phases, vesting, and cliffs to ensure the project's successful initiation and governance.
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