USDIC Burn and Mint Mechanics

Burn Mechanism:

• Burning USDIC Tokens: The team behind USDIC intends to reduce the token supply as the U.S. National Debt increases by burning (removing from circulation) a corresponding amount of tokens. This is designed to create deflationary pressure, but the effectiveness of this approach and its consistent application are not guaranteed.

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• How it Works (Planned): At regular intervals, currently anticipated to be weekly, we monitor the U.S. National Debt as reported by public sources. For every dollar increase in debt, the plan is to burn one USDIC token. This process will be managed manually with the goal of moving to smart contracts as we achieve milestones; however, technical or external factors may affect how and when burns occur.

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• Tracking the Burns: While we plan to provide transparency into burn events, including the amount of USDIC burned and the updated supply, this information is subject to change based on operational and market conditions. You can view the burn history on this website or by tracking the burn wallet address on the Solana blockchain, but please note that past actions do not guarantee future outcomes.

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• Tokens designated for burning from the Reserve, Founder, and Supply Adjustment wallets will be transferred to a dedicated burn wallet before incineration. This separate burn wallet allows for a clear, transparent record of tokens burned.

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Minting Mechanism:

• Minting New Tokens (If Applicable): In the event that the U.S. National Debt decreases, USDIC may mint new tokens to reflect the reduction in debt. However, this process is not automatic, and the decision to mint new tokens will be made according to predefined rules that could be subject to change.

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• How it Works (Proposed): The team anticipates minting USDIC tokens in response to debt decreases at a 1:1 ratio. Newly minted tokens would be held in reserve for future use, but the minting process will be capped at a maximum of 72 trillion tokens (double the current U.S. National Debt at the time of launch). As with burning, there are no guarantees regarding the timing or frequency of minting events.

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Smart Contract & Automation:

• The burn and minting mechanics are currently done manually with a goal to eventually be governed by smart contracts designed to implement these processes based on external data. However, factors such as delays in receiving updated national debt data, smart contract issues, or market conditions may impact the timing or accuracy of these actions. In case of data delays or discrepancies, the most recent known data may be used to guide decisions, but there is no guarantee that automation will always function as intended.

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Supply Transparency:

• USDIC began with an initial supply of 36 trillion tokens, with a portion allocated to reserves for future trading and project development. While the team intends to regularly update and share supply adjustments based on burn and mint events, changes in token supply are subject to operational and market constraints.

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• This page aims to document burn and mint events in real-time. However, all information presented is subject to change and should not be considered a guarantee of future performance.