DUCA

Programmatic Money

What is DUCA?

DUCA is Programmatic Money, it is a token designed to have a stable market value that maintains its purchasing power over time.

• DUCA cannot be redeemed for FIAT, BTC or any other cryptocurrencies or real assets with DUCATA.

• DUCA is not backed by collateral or a reserve that is managed by DUCATA.

• The supply of DUCA is elastic and has no maximum.

The Protocol can create and distribute additional DUCA to its owners as yield on a pro-rata basis. The rate represents a growth percentage by which DUCA will appreciate daily. Appreciation in this context means an increase in DUCA Supply. The DUCA Yield is not distributed by DUCATA and does not indicate or represent a promise or return on investment in DUCA or DCM. Any distribution of yield will happen on a pro-rata basis to all owners in accordance with the share of each individual DUCA owner.

Following the distribution of the DUCA Yield, the Reserve will receive an amount of DCM based on the DCM Market Value out of the DUCA Treasury.

DUCA does not in any way represent a legal claim or ownership of DUCATA nor is it a collective investment scheme of any kind, nor does it represent any voting or governance rights or any form of tokenisation model. DUCA is censorship-resistant. Addresses containing DUCA can’t be frozen or confiscated.

TOKEN ISSUANCE

The Protocol handles the expansion and contraction of DUCA. The minting of DUCA is a decentralised and automated process. Nobody controls the DUCA Supply or can influence its workings for personal gain.

• Token: ERC-20

• Supply: Elastic, no maximum

• Value: Fixed Exchange Rate Regime

• Redeemable: No

• Legal rights/ownership rights: None