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Brinc Finance (BRC)

The Brinc protocol provides an alternative token economy that is decentralized, backed, and holds real or “intrinsic” value.

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Overview

Project industryFinance Services & Banking
Product typeProtocol
WhitepaperBrinc Finance White Paper Open

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.

Details

Token supply: 5,262,406 BRC

Legal

Blockchain Platform: Arbitrum
Registration year: 2020

Token info

Ticker: BRC
Type: Cryptocurrency

Brinc Finance Roadmap

1
2020
  • Bondind Curve + Front End
2
2021
  • Testing
  • Staking
  • Testnet Launch
  • Smart contract Audit
  • Mainnet Launch
  • Layer 2 Launch
3
Q1-Q3 2022
  • Yeld(APY) tracking
4
Q4 2022 - Q2 2023
  • BRC price tracking
  • Liquid staking (ERC 4646 vaults)
  • Incr. staking pools: ETH, stETH, etc
  • Partnerships
  • Exchange listing
  • Bonding curve upgrades

Project team

Eric Heo
Eric Heo
Full-stack Developer
Eric Heo linkedin
Hyeong Oh. Im
Hyeong Oh. Im
Front-end Developer
Hyeong Oh. Im linkedin
Theresa Lising
Theresa Lising
Community Management
Theresa Lising linkedin
Luke Shim
Luke Shim
Investor, Tokenomics
Luke Shim linkedin
Hyun S. Kim
Hyun S. Kim
Legal
Hyun S. Kim linkedin
Ak-man Fuoco
Ak-man Fuoco
Yield research
Ak-man Fuoco linkedin
Kang Min. Lee
Kang Min. Lee
Full-stack Developer
Kang Min. Lee linkedin

Advisors

D.E
D.E
Advisor, Smart Contracts
Jim Nguyen
Jim Nguyen
Product (Advisor)
Jim Nguyen linkedin

Social media

Brinc Finance web-siteBrinc Finance RedditBrinc Finance MediumBrinc FinanceYouTubeBrinc Finance TelegramBrinc Finance LinkedInBrinc Finance TwitterBrinc Finance DiscordBrinc Finance Github

MVP

MVP URL

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