Treasury Token
Kolektivo Treasury Token (KTT)
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Kolektivo Treasury Token (KTT)
Last updated
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KTT will be launched in 2023.
Name: Kolektivo Treasury Token
Ticker: KTT
Standard: ERC-20 on Celo
Total supply: Elastic supply
Token address
KTT is an elastic supply token whose supply maintains a 1:1 relationship with Kolektivo Network Treasury’s value. KTT is used to bootstrap local reserves and their corresponding community economies. An atomic operation called rebase will adjust the supply accordingly to the supply policy. For example, if there are $100m worth of assets in the Treasury, and KTT aims to be priced at $1, then its supply will change to 100m.
Ultimately, KTT helps maintain the value of natural assets and community currencies within Kolektivo's Network ecosystem. When assets are collected by the Network via fees or other revenue-sharing mechanisms, they can either be (A) liquidated or (B) endogenously repurposed. KTT serves the function of (B) by collapsing a high diversity of assets into a single collateral that can be deposited into any local Reserve.
