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The Standard Reserve Set to Launch on September 14
The Standard Reserve, an on-chain central bank project, is scheduled to launch on September 14. The initiative, developed by 0xBeans, aims to provide a revised version of Olympus DAO (OHM) and will operate on the Robinhood Chain. The project released its white paper on August 23, outlining its vision and operational framework.
Currently, The Standard Reserve is in the audit and whitelist allocation phase, with no tokens or non-fungible tokens (NFTs) available for trading at this time. The project employs a unique issuance mechanism that references the official Uniswap v4 pool's ETH/$STANDARD net ETH flow. Positive net flow will lead to an expansion in issuance, while negative flow will result in a reduction, focusing on buybacks and destruction of the STANDARD token.
The total supply of STANDARD is capped at 1 billion tokens. At launch, 100 million tokens will be permanently held as Uniswap v4 liquidity provider across all ranges, while the remaining 900 million will be allocated for a long-term issuance budget. This structure aims to ensure stability and sustainability for the project as it enters the market.
Source: KLEA News