📝Delta TOKEN (Yield)
Delta-TABBY is a yield token on the blockchain that is that measures the increase of gold value. It can be converted to TABBY at any time.
Main Token
Token Symbol
USDee
Minting Process
Quarterly
Burn Process
OnDemand with conversion to TABBY.
Deflationary Coin
No
Technology
Blockchain (by E-TABBY) with interface to public.
Issuing Value
Calculated based on gold's value increase (see below)
Gas fees
0.5% for converting to TABBY
Type of Coin
Yield
Underlying Asset
Physical Gold Performance
Payout of Performance
50%
Gold Performance Calculation
We calculate the yield based on central conditions:
Gold sell price (price we could sell the gold) at reference date
Gold sell price on purchase date
Average holdings of TABBY per wallet during the reference period, considering:
TABBY on wallet
TABBY purchased
TABBY used or converted
Extremely simplified example:
a user has an average TABBY holdings on his wallet of 400 TABBY
Gold has beed purchased for (a sell price of) $1000 USD
At reference date the gold has a sell price of $1050 USD
The TABBY gold performance is now 5%.
2,5% is paid out in DTBY to wallet.
The user has now 410 TABBY on his wallet (this is $410 USD in this example).
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