BetterBank
  • Overview
    • What is BetterBank?
    • Why Better Bank
    • Disclaimer
  • Tokens of Better Bank
    • Esteem
    • Favor Tokens
    • Chain Specific Token Info
      • Pulse
        • Esteem
          • How to Acquire Esteem?
          • Trading and Price Model
        • Favor Tokens
          • Types of Favor and Trading Favor
          • Earn Favor
      • Arbitrum
        • Esteem
          • How to Acquire Esteem?
          • Trading and Price Model
        • Favor Tokens
          • Types of Favor and Trading Favor
          • Earn Favor
  • Protocol Mechanics
    • Stronghold and Wildlands TLDR
    • The Stronghold
    • The Wildlands
    • Treasury
      • Revenue
      • Fund Usage
      • Treasury Security
    • Protocol Risks & Mitigations
  • Other Info
    • Connect with BetterBank
  • Contracts (Coming Soon)
    • Pulse (Coming Soon)
    • Arbitrum (Coming Soon)
  • Audit (Coming Soon)
Powered by GitBook
On this page
  1. Tokens of Better Bank
  2. Chain Specific Token Info
  3. Arbitrum
  4. Esteem

Trading and Price Model

Esteem’s Pricing Model

  • Initial Price: 10 USDT per Esteem, increasing to 15 USDT during presale, and 16 USDT at launch.

    • Note: With the delay of the Arbitrum launch, it is uncertain if the presale will stay as described above.

  • Daily Price Increase: +0.25 USDT per day, ensuring gradual price appreciation and fair value for late entrants.

Esteem’s Unique Minting and Smelting Mechanism

  • Esteem may be minted at will using any of the assets listed in the Stronghold, removing the need for a liquidity pool. The funds so used increase Stronghold deposits, providing the Wildlands with more borrowing capacity.

  • Esteem may be burned at will to receive Favor, with a conversion rate of 70% of Esteem’s current price in Favor value. This ensures that any reduction of Esteem does not impair the Stronghold's stability.

  • This system ensures seamless adjustment to demand while preventing protocol instability.

PreviousHow to Acquire Esteem?NextFavor Tokens

Last updated 19 days ago