Stronghands 3D
Using "Proof of Weak Hands" game theory and a contract which is totally lacking of ownership or administration, Stronghands 3D provides a contract designed to go up over time - read on!
Last updated
Using "Proof of Weak Hands" game theory and a contract which is totally lacking of ownership or administration, Stronghands 3D provides a contract designed to go up over time - read on!
Last updated
Stronghands 3D is an implementation of the time-classic "Hourglass" smart contract, using "Proof of Weak Hands" game theory and the bonding curve algorithm to encapsulate a market which simulates the effects of supply and demand in direct response to user interactions.
Every time a deposit is made to the core contract, the price of the internal 'token' (3D) goes up, per token. Inversely so, every withdrawal from the core contract reduces the price, as the internal 'token' (3D) is destroyed. In this way, supply of 3D is regulated to strictly what is in demand - it does not needlessly inflate or depreciate at the mercy of time only.
Additionally, every deposit and withdrawal with the core contract incurs a 10% fee, which is distributed between all 3D holders, proportionate to individual 3D balance. The more 3D an address holds, the bigger share of the collected fees it will be entitled to claim. These shares of fees can be 'compounded' (re-deposited into the core contract, for more 3D tokens) or 'harvested' (claimed to the entitled recipient's wallet).
The Price Floor Mechanism is a specialized smart contract which is designed to (as the name suggests) create a Price Floor, for the core contract. Upon deployment, it is given some 3D tokens. Just like any other holder, these 3D tokens are entitled to shares of the fees collected from deposits and withdrawals of the core contract - however - the Price Floor Mechanism can only 'compound' its portion. Additionally, it can never transfer or sell its 3D tokens.
These conditions create the effect of an ever-rising floor price for the 3D token - meaning if every human holder sold their 3D tokens and carried out 100% withdrawal, there would still be value locked in the core contract, giving 3D tokens a price and value. The Price Floor Mechanism in this way acts as a 'Last Man Standing' - should there ever be an event of mass sell or exit from the core contract, it would take the fall as the last holder of 3D tokens.
