Charge Whitepaper

1 Charge Whitepaper A new DeFi project on the Binance Smart chain Creation date: 23-09-2021. version : Last edit: 02-12-2021. Table of Contents Introduction .. 3. Project vision .. 3. Project summary .. 3. Team .. 3. Tokens & core mechanics .. 4. Rebase mechanic .. 4. Boardroom and Expansions .. 5. Configurable ecosystem .. 5. Multichain .. 6. $ Charge (share) token details .. 7. $Static (dollar) token details .. 8. $Pulse (bond) token details .. 9. Pools and farms .. 10. Security and audits .. 10. Pre-sale .. 10. Introduction This document describes the tokenomics, launch strategy, pre-sale, team setup and overall details of a new project on the Binance Smart Chain (BSC).

2 All details in this document are to be considered informational' in nature and are in no way to be construed as financial advice. As always with crypto it's wise to keep the following rules at heart: Never invest more than you are comfortable with Do your own research Spread your risks Project vision With Charge the project aims to lay the foundations of a sustainable ecosystem on the Binance smart chain. It features rebasing mechanics to protect the value of the $Static token and keep it pegged to $1 BUSD. We see the rebase mechanic as a temporary solution that can be lowered over time and eventually turned off.

3 Enabling strong guardrails for the project at launch and protecting the ecosystem while the team expands on the use-cases and ecosystem. Through honesty and transparency, the team aims to become a large player within the Binance ecosystem and later on other chains. Starting with a robust foundation and expanding into use-cases and side projects. Key to the success of the project is a high focus on security and continuous auditing of the project's code and tokenomics. Another important factor in a healthy project is a continuous revenue stream for both investors and project team members.

4 Built into the tokenomics are ways to ensure yield when below peg and several ways to pay the team for the work they put into the project. To increase transparency these payments will be done to a public Gnosis vault that can be tracked by investors. Project summary ChargeDeFi is a combination of an Algorithmic Stablecoin with rebase mechanics. As long as the value of $Static is above $ the ecosystem expands, minting more $Static. Investors who stake $ Charge or $Static-BUSD LP tokens receive part of this expansion. If $Static drops below $ , or if $Static is below its $ peg for more than 6 Epochs (8.)

5 Hours per epoch) $Static rebases. Lowering the number of tokens in circulation until the value of $Static is at $ again. Team The team behind this project has experience in DeFi and has been active in crypto for several years. Besides being part of Bolt ( ) the team members have also been active in other projects. Be it as an advisor, auditor or external consultant. Several members own their own (IT) companies and others have worked in the field of IT/Telecom for over 20 years. At this time the team consists of the following people: 2 solidity developers who worked on several projects, including the restructuring of Bolt.

6 2 frontend/designers who worked on several DeFi projects, including 1 Product manager 1 Business developer/consultant 3 marketeers / social media experts Besides this core team, several external people are helping the project with audits, code reviews and advice on tokenomics. Tokens & core mechanics The core ecosystem consists of the following three tokens. We have plans to launch more tokens in the future for specific use-cases but this will be expanded upon after a successful launch. $ Charge The share/seigniorage token in the new ecosystem $Static A rebasing stable' token that will be the main value asset $Pulse A bond type token with specific dynamics and staking options The main change from traditional algorithmic stablecoins to $Static is the introduction of rebasing mechanics below peg and the modular/configurable setup of the contracts.

7 Almost every aspect of $ Charge , $Static and $Pulse can be tweaked. Rebase mechanic One of the core features of this new ecosystem is the rebase mechanic implemented in the contracts. In essence, rebase mechanics implement price-elastic tokens that adjust the circulating supply to influence a token price. Where other tokens feature rebase mechanics above and below a certain peg(target price) we have opted to only implement rebase mechanics below peg. The reason for this rebase mechanic is that the team has looked at several projects in DeFi and has worked on the issue that plagues a lot of Algorithmic Stablecoin launches.

8 As seen in several projects incentivizing healthy investor behaviour is not possible during the launch of a new project. To protect the ecosystem certain guard rails' have to be put in place to prevent people from abusing the tokenomics and to prevent bank runs or panic selling during a value dip'. Several other projects have put in place sub-peg taxation on transactions or implemented a bond system. But it is our experience that these measures don't offer enough protection and not enough incentive to push the value of a token back to peg. Bond type systems can be of value but they should never be implemented as the core means to protect a token value.

9 A rebase mechanic below peg will always push a token back to peg. Whatever happens to the ecosystem. So when the price of $Static goes below a certain price threshold the circulating supply of tokens in the ecosystem readjusts. Thus bringing the price of the individual token back to its peg. To give an example: Status value There is 100,000 $Static in circulation worth $ $100,000. The price of $Static drops to $ per $Static $50,000. The ecosystem rebases back to peg There is now 50,000 $Static in circulation worth $ $50,000. Important note: The rebase will affect all tokens in circulation.

10 That encompasses tokens held in a personal wallet. So when the value of the tokens drops below peg the number of tokens in your wallet will diminish. Boardroom and Expansions As long as the price of $Static is above $ the ecosystem will expand and mint more $Static. By staking in the boardroom investors receive part of this expansion. Investors have several options to stake: 1. Stake $ Charge and receive $Static 2. Stake $Static-$BUSD LP's and receive $Static and $ Charge When the price of $Static is below $ the expansion halts and the boardroom will not mint new tokens.