Brinc Finance (BRC)

What is Brinc Finance

The Brinc token protocol provides an alternative token economy that is empirically decentralized, backed, and holds real or “intrinsic” value. The $BRC token’s mission is to provide an alternative to USD-pegged stablecoins by providing decentralization, stability, and capital efficiency.

At the core of the Brinc finance protocol is a bonding curve algorithm and smart contracts which provide for the continuous minting, burning, price and supply calculation. Each $BRC minted requires $DAI to be put into reserve which provides for on-chain reserve backing. And the price of $BRC increases with supply via price accretion as each subsequent $BRC that is minted into supply follows an increasing price function.

All $BRC tokens minted into supply are backed 70% by $DAI, which are held in smart contract. Also, protocol and ecosystem fees (minting, burning, trading, and interest) are held as treasury and provide intrinsic value to the governance token, $gBRC.

Brinc finance is built with solidity smart contracts and deployed entirely on the Arbitrum layer two (Ethereum) network providing scalability.