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SPACE MINE is a service that transforms solar planets into a metaverse where each planet contains mines for mining mineral resources. The mining process is converted into NFTs, allowing general users to mine in the metaverse. The mined minerals can be exchanged for SpaceMine's tokens ("MINE"), which can then be cashed in listed exchanges.
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What is DarkCrystal and how does it work?
DarkCrystal is a multi-token protocol inspired by the original idea behind Basis and its predecessors. It consists of three tokens:
- DarkCrystal Token ($DARKCRYSTL): An algorithmic token pegged 1:1 to $WCRO
- DarkCrystal Shares ($MINE): Allows holders to claim $DARKCRYSTL inflation when the network expands
- DarkCrystal Bond ($DARKBOND): Can be purchased during network contraction and redeemed for $DARKCRYSTL during the deflationary phase
The protocol uses an innovative solution to adjust the token supply deterministically, aiming to move the token price towards a target price. This brings programmability and interoperability to DeFi. The supply of $DARKCRYSTL dynamically adjusts, pushing its price up or down relative to the $WCRO price. However, there may be instances where $DARKCRYSTL deviates from its peg to $WCRO. If the protocol is functioning as intended, $DARKCRYSTL will follow $WCRO to maintain the 1:1 peg.
Holders of $MINE have voting rights (governance) on proposals to enhance the protocol and future use cases within the DarkCrystal finance ecosystem.
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