What Is CZbnb(CZBNB) ?
CZpegs! If this is your first time here, please take some time to read through this documentation before you begin using the protocol. This documentation is intended to take you through the entire process of how to get started using to earn stable, high yields that are only possible through the power of DeFi, but with the stability and security of exposure to tokens pegged to Bitcoin, Ethereum as well as a direct peg to BNB! Let’s get at it!
Czpegs is based upon the work of an accumulation of TOMB finance forks over the last few months. The project is run and lead by the doxxed team at BOMB Money, lead by CEO Aaron Shames! They have taken the best parts from all of the best forks and combined them into one polished, final product! These extra additions will serve as a foundation for BOMB and EMP, providing constant buy pressure as well as offering high yield to BNB enthusiasts all around Defi! As far as networks go, Binance Smart Chain (BSC) seemed like the perfect choice again with its fast transaction speeds, low gas fees, and large user base. Plus, it’s the home of BOMB and EMP!
CZbnb(CZBNB) Token Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | CZbnb |
| Short Name | (CZBNB) |
| Max Supply | 1,000,000,000 |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
What are the CZpegs protocol tokens?
CZpegs multi-token protocol currently consists of the following four tokens, and each plays a critical role in how the protocol works to maintain peg:
- 1.CZbomb Tokens ($CZbomb) – The CZbomb token is algorithmically pegged to BOMB at a ratio of 1:1. To add, BOMB is pegged 10,000:1 to BTC. E.G – If BTC is $50,000, BOMB is $5, CZbomb is also $5 (if both tokens are at 1.00 peg)
- 2.CZbnb Tokens ($CZbnb) – The CZbnb token is algorithmically pegged to BNB at a ratio of 1:1. This means that if BNB was $400, CZbnb would also be $400.
- 3.CZemp Tokens ($CZemp) – The CZemp token is algorithmically pegged to EMP at a ratio of 1:1. To add, EMP is pegged 4,000:1 to ETH. E.G – If ETH is $4,000, EMP is $1, CZemp is also $1 (if all tokens are at 1.00 peg)
- 4.BondBOMB / BondEMP / BondBNB – The Bond version of all the main tokens, these are used to help incentivize main token buys during contraction periods (below 1.00 peg).
How Does it work?
The protocol works through a synergistic design of unique tokens and mechanisms that create an automatic, self-reinforcing system to help maintain the pegs of all the main pairs. Each of these tokens and mechanisms will be explained in further detail within this documentation, but for now let’s have a look at a brief overview of how it all works will use as an example but this applies to and as well!
- When CZbomb price is over the peg 1.001, new are minted by the protocol to inflate the supply in an attempt to drive the price down towards the peg. These new are allocated to holders in the Boardroom, as a reward for their investment and trust in the protocol. This, in turn, increases the demand for and the value of CZshares.
- When CZbomb price is at the peg between 1.00 and 1.00099.., no new CZbomb will be minted, keeping the supply fixed during this time. Since there will be no new supply coming in, the peg will be maintained indefinitely at this point unless there is a shift in demand. More buying pressure during this time will push the price back up above the CZbomb minting threshold. Conversely, more selling pressure will push the price below the peg.
CZpegs Protocol Governance Token
CZshares are one of the ways to measure the value of the protocol and shareholder trust in its ability to consistently maintain its pegs. During epoch expansions the protocol mints BOMB and distributes it proportionally to all holders who have staked their tokens in the Boardroom.
CZshares has a maximum total supply of 89,000 over 2 years, distributed as follows:
- Farms Allocation: 73,000 CZshares are allocated for incentivizing liquidity providers in all of farming pools for 24 months.
- Treasury Allocation: 8000 vested linearly over 24 months.
- Team Allocation: 7900 vested linearly over 24 months.
- Initial mint: 100 CZshares minted upon contract creation for the initial pool.
CZpegs swap/liquidity
For ease of use have created own Swap and Liquidity pages on site! Swapping some of tokens require multiple transactions on swap sites, so built in manual routes to do it in one transaction for you! Also, when creating an LP when an LP pair (e.g CZbusd / BUSD) is under peg, (say is 0.95 peg) this will result in a taxable event UNLESS you use liquidity page here (have whitelisted our swapper from being taxed). If you create the LP on Pancakeswap, you will incur a 15% fee. Make sure you use our page!