Welcome to DEBT!
The first Proof of Debt protocol redefining the economic circulation of DeFi tokens
🔎 What is Debt?
DEBT is an automatic yield generator using a unique concept called "the debt protocol". It allows people to earn DEBT tokens over time, and automatically, without increasing the supply and without taking any transaction fees.
The DEBT token was developed completely from scratch. It is therefore unique and not forked. It's a BSC-20 token.
🛠 How does it work?
The debt protocol is incorporated directly into the DEBT token. Holders are all debtors and creditors towards someone thus allowing the token to have a sustainable and complete cyclical debt. However, holders can be more creditors than debtors.
In fact, it depends on the number of tokens. The more tokens the user has, the more debts he earns, as his influence over debt protocol is higher. On the contrary, the less tokens an user has, the more credit he has to pay to his debtors (people generally in the tier above the concerned user)
💧Yield debts concept
DEBT coming from the Tier below and transaction fees coming from the Tier above will be added in the staking pool of your own Tier with each relevant transaction. Holding your tokens long enough or accumulating them will put you as a creditor instead of a debtor, which will let your balance rise faster than it decreases.
📃 Debt wiki (more about Debt) : debt-protocol.gitbook.io/debt-protocol/