$OPLL Token

The $OPLL token is an asset implementing an ERC-20 standard that is programmatically designed to always appreciate in price. $OPLL is meant to be an ultimate store-of-value asset, similar to bitcoin, enabling you to park your wealth reliably, while, unlike bitcoin and most crypto assets, not being exposed to macro-economical risks and having no volatility at all. It satisfies the recognized criteria of what a safe haven asset constitutes:

• Predictable price: $OPLL is programmed to always appreciate in value. This is enforced through a mechanism that keeps track of the $OPLL price at genesis, the programmed interest rates (both base and boost rates), and the time that has passed since the most recent adjustment of any of the rates. $OPLL will only be tradable via the protocol-owned swap contracts, making it impossible for $OPLL price to be skewed at other DEXs and CEXs.

• Liquidity: $OPLL can be traded OTC or via the order-book using the Opulence smart-contracts.

• Not correlated to the rest of the economy

Most cryptocurrencies, including bitcoin, do not satisfy the above criteria due to price instability and being correlated with the other markets, including stock markets.

While being an intrinsically inflationary asset, $OPLL is bound by prominent deflationary forces. In particular, the $OPLL token supply will be decreasing from day 0. At genesis, 100 million $OPLL tokens will be allocated into Opulence reserve. Immediately after that, $OPLL will embark on its supply reduction rodeo, continuously burning the tokens in the reserve for two years or until the reserve hits 10M tokens, whichever happens first. The protocol will not mint anymore tokens from then onwards.

$OPLL burn rate	Around 5,208 $OPLL burnt per hour