📑$EGOD Token

EgoDollar is Egoras’s premium stablecoin built on top of Egochain.

EgoDollar ($EGOD) is the second most important product of the Egochain ecosystem and will likely make or break the success of the Egomart platform.

In other words, EgoDollar will serve as the backbone for the Egomart ecosystem.

Unlike $EGAX, $EGOD will not have a fixed supply. Each token will be minted when a bond (a process that enables the user to give up their $EGAX forever), for $EGOD occurs.

EgoDollar ($EGOD) Token Distribution

All $EGOD Tokens that will ever come into existence will be distributed to bonders for their necessary needs/actions. The Egoras team is unable to mint new tokens. Bonding EGAX for $EGOD is the only way to create $EGOD.

While token inflation is infinite in supply, and users can bond at any time the bond price will always set to 1 $EGOD for $1 worth of EGAX.

$EGOD mechanics also have an arbitrage opportunities if users decide to create/engage with external market. This allows for an arbitrary peg restoration only when there is enough liquidity to offset that demand vs supply. Read on to learn more about this.