SCR Tokenomics

SCR (Secure) is the flagship token of SecureDAO. The token acts as the currency entitling people to governance rights within the DAO and also a share of the DAO's treasury.

Max Suppply	Yield
Infinite (Minting stops if backing reaches $1)	Staking to earn Rebases
	Minting Bonds to purchase SCR at a discount
	Profit sharing of Treasury Farming

SCR functions as a reserve currency in a similar fashion to OHM or TIME.

New SCR is minted via the Rebase mechanism; when you stake SCR you receive sSCR. Each Rebase (which happens once per epoch) your amount of sSCR is increased.

New SCR can also be minted via Bonding; this essentially functions as an Over the Counter Trade at a discount.

The protocol accumulates assets used to mint Bonds and then Farms those assets to share the profits with holders of staked SCR.

Presale

To bootstrap liquidity and treasury for SecureDAO a presale will be held. The SCR presale will be open to a select number of OG SecureDAO members first, with a public sale opening enabling everyone to pre-purchase SCR from the DAO. The presale parameters are as follows:

Parameter	Value
Number of spots	500
Max allocation per spot	500 MIM
Price per SCR	100 MIM
Total SCR for Sale	2500 SCR
Total Raise	250,000 MIM

As shown in the table above, the presale will be undertaken with MIM (MagicInternetMoney) as the reserve and trading currency. The presale has no soft or hard cap and when the 2 24-hours presale period are over the correct number of SCR will be minted and distributed to buyers.

The raised funds from the presale will be disbursed as follows:

• 70% matched with SCR to create liquidity at a price of 137 MIM per SCR

• 20% sent to the SecureDAO treasury to create initial runway and value for users

• 10% distributed to the core team for their work launching the protocol and future maintenance fees

SCR does not have a hard cap on the number of tokens and SCR is minted as function of staking rewards for token holders through minting profits and as payment for minters.