Minor Kosonic Currencies
Solid and Liquid Minor Kosonic Currencies.
Last updated
Solid and Liquid Minor Kosonic Currencies.
Last updated
The following Table depicts the 6 Alchemical Pools, their Indices, and related 6 Minor Solid/Liquid Kosonic Currencies
| Pool | Index Name | Minor Solid Kosonic Currency (ESDT) | Minor Liquid Kosonic Currency (Meta-ESDT) |
|---|---|---|---|
Plebea Pool | Plebeic Strength | Plebium Denarius | Denarius Debilis |
Comati Pool | Comati Command | Comatus Aureus | Aureus Fragilis |
Pileati Pool | Pileati Power | Pileatus Solidus | Solidus Fractus |
Tarabostes Pool | Tarabostes Tenacity | Tarabostes Stater | Stater Tenuulus |
Strategon Pool | Strategon Vigor | Strategon Drachma | Drachma Minima |
Basileus Pool | As Authority | Basileon As | As Infimus |
The Pool Index, is the metric that determines the value of the Minor Kosonic Currencies, both Solid and Liquid, in Primal Kosons (Primordial, Ancient and Esoteric Kosons), and is unique for Each Pool.
As each day the Chrysopoeic Forge pours Esoteric Kosons in each of the 6 Alchemical Pools, their respective Indices increases.
By staking Primordial/Ancient/Esoteric Kosons in any of the 6 Alchemical Pools, users receive the Pool's reward bearing token in Solid Form (ESDT Form) - the Minor Solid Kosonic Currencies.
The Minors Solid Kosonic Currencies are reward bearing currencies (reward bearing through each Pool's very own Index) in ESDT Form, and are in fact auto-staked Primal Kosons (Primordial, Ancient and Esoteric Kosons that reside in the Pool). That is to say, by simply keeping any of the 6 Minor Solid Kosonic Currencies in your wallet, you are earning daily Primordial Kosons in an automatic manner, without ever having to collect rewards daily, wasting collection fees.
While the Crysopoeic Forge pours daily Esoteric Kosons in each Pool, users can also stake all 3 types of Kosons in the Pools, which gives owners of Minor Kosonic Currencies exposure to all the types of Kosons existing in the respective Pool.
The Minor Solid Kosonic Currencies are transfer restricted ESDT Tokens. To transfer them, a fee would have to be paid. The fee is as follows:
ESDT Plebium Denarius: 1%
ESDT Comatus Aureus: 2%
ESDT Pileatus Solidus: 3%
ESDT Tarabosters Stater: 4%
ESDT Strategon Drachma: 5%
ESDT Basileon As: 6%
The Transfer Fee is kept as Primordial Kosons in the respective Pool, computed at the Pool's Index. Therefore transferring Minor Solid Kosonic Currencies increase their respective Alchemical Pool Index.
In order for the reward bearing Minor Solid Kosonic Currencies to be converted back to Primal Kosons (Primordial, Ancient, Esoteric Kosons) at their Pool's Index, they must first be converted to a Meta-ESDT Form. The Meta ESDT Variants of the Minor Solid Kosonic Currencies are designated Minor Liquid Kosonic Currencies.
Conversion between Solid and Liquid forms always happens at a 1:1 Ratio, and can happen in any direction (from Solid to Liquid and viceversa). The Meta-ESDT Token retains in its meta-Data its creation Epoch, which is then used to compute the Redemption Fee. Since each Meta-ESDT Minor Liquid Kosonic Currency is its own unique batch, each individual batch will have an unique redemption fee, depending on its creation Epoch.
The Redemption Fee is as follows:
| Fee Duration | Decrease | |
|---|---|---|
Denarius Debilis | 1 Epoch, 10% | |
Aureus Fragilis | 90 Epochs, Starts at 90% | 1% per Epoch |
Solidus Fractus | 180 Epochs, Starts at 90% | 0.5% per Epoch |
Stater Tenuulus | 360 Epochs, Starts at 90% | 0.25% per Epoch |
Drachma Minima | 720 Epochs, Start at 90% | 0.125% per Epoch |
As Infimus | 1440 Epochs, Start at 90% | 0.0625% per Epoch |
The Minor Solid Kosonic Currencies are transfer restricted. In order to transfer them, they would have to be converted back in their ESDT counterparts, and pay their respective transfer fee.
The Redemption Fee and Transfer Fee Mechanic, combined with the higher yields in Esoteric Kosons for the higher Tiered Pools, could lead to accelerated and stronger growth of their Indices, consequently resulting in faster and more substantial increases in the value of their corresponding Minor Kosonic Currencies.
