Treasury and Liquidation

In order to give BRIK an intrinsic value, we construct a liquidation mechanism for the token. The stablecoin USDT, valued equivalent to real USD, chosen to be the liquidity currency, will be collected from auctions and operations of the project and kept in a contract called Treasury.

All USDT incomes shall be split into 2 different funds:

• 80% of the liquidation, can only be withdrawn through the liquidation process.

• 20% of the operation funding, can only be withdrawn by the admin for the long-term operation of the project.

Holders can liquidate their BRIK by triggering a function that burns the tokens and returns the corresponding amount of USDT following the formula:

$$liquidation(value)=\frac{value \times liquidity}{totalSupply}$$

There, $value$ is the amount of liquidated BRIK,$k$ $totalSupply$ is the total circulated tokens of BRIK in existence, and $liquidity$ is the value locked in the Treasury.

However, the liquidation feature is locked until the end of 2025 to protect the value of the token, as well as the value of the Briky Land project.