Reserve Token
Last updated
Last updated
The Kolektivo Reserve Token is an ERC-20 produced by a local instance of a Kolektivo Reserve. The Reserve Token is backed by the assets held by the Reserve, such as KTT, Ecological Tokens or cUSD, and used as collateral into the Mento system to mint the community currency of the community economy. The Kolektivo Reserve Token introduces several utilities such as leverage, price ceiling and floor.
Reserve Delegates can mint more kCUR without any additional assets like KTT being deposited into the reserve. The maximum leverage ratio is a custom limit that determines how much leverage is possible.
The Reserve Token Minted by Reserve Delegates via governance proposals, constrained by leverage ratio.
The Reserve Token's price is being held between a price floor and ceiling determined by the community.
The Reserve Token is used to back the community currency via Mento.
Name: Kolektivo Curaçao Reserve Token
Ticker: kCUR
Standard: ERC-20 on Celo
Total supply: Elastic supply
Token address
kCUR is the Reserve token of Kolektivo Curaçao. It is used as collateral in the Mento system to mint the community currency: the Kolektivo Guilder. It is backed by the Curaçao Reserve's assets. kCUR's parameters, such as price ceiling and floor, are customizable through community governance.
kCUR is minted by Reserve Delegates via governance proposals.
kCUR's price is constrained by a price floor and a price ceiling defined by Reserve Delegates.
kCUR is used to back the community currency Kolektivo Guilder (kG) via Mento.
