Cumulus Delta

$CMLSD

USDC - Pool backing the token.

Cumulus Delta is a new self-governing anti-inflationary token built for retail investors and community hodlers! A token that is independent of exchanges, VCs, private investment rounds, and all the other crap that gets in the way of real DeFi.

The Cumulus Delta smart contract controls the token and is a 100% independent code-based controller of the token. Users can purchase tokens directly from the contract, and sell their tokens to the contract using USDC (on Solana). The USDC is locked within the contract and only released when a user sells tokens. No individual can remove the USDC from the contract without selling the token.

How does it work?

At the point of purchase, the buy price is calculated by the contract, as 5% higher than the current sell price. This means that with each purchase the ratio of USDC to tokens increases slightly, improving the value of the token.

We take a 1% fee from the buy price to maintain the project.

Here is an example.

• We have 10,000 tokens issued and $10,000 in the contract, so the sell price is $1 per token.

• Which makes the buy price $1.05 per token

• You want to buy $1000 worth of tokens

• Calling the buy function transfers your $1000 (USDC) dollars to the contract and you receive your 952.38 new minted tokens.

• After the 1% fee is deducted ($10) the contract holds $10,990 (USDC) and there are 10,952.38 tokens issued.

• The new sell price is $1.0034 and that makes the new buy price $1.0536

When you sell tokens to the contract you send your tokens to the contract and in return it sends you USDC. The contract calculates the rate at which it will buy tokens from you at the point of sale by dividing the USDC held in the contract by the number of tokens in issuance. Once you sell your tokens the contract will burn the tokens, so that the ratio of USDC to token remains unaffected.

Here is an example:

• You own 1000 tokens and you want to sell them

• There is $10,000 (USDC) held in the contract

• There are 10,000 tokens issued in the world

• The price you can therefore sell your tokens at is $1 per token

• So you sell your 1000 tokens to the contract, and it sends you $1000 (USDC)

• The contract then burns the 1000 tokens you sold

• Now we have $9000 (USDC) in the contract and 9000 tokens issued, the price remains $1 per token.

So as you can see selling tokens cannot reduce the value of the tokens, however, buying tokens always increases the value of the tokens. With consistent buying, the price has no upper limit. This is what we call Condensation ( HODL) the longer you hold the more "condensation" there will be.