💡How does it work?

ORZ token is designed to be pegged to the value of REVIVE token, which is overcollateralized by USDC. The collateralization ratio ensures that REVIVE token always maintains its peg to the US dollar, and therefore, ORZ token also maintains its peg to the US dollar through REVIVE token.

In the event that the value of ORZ token drops below the peg, the protocol will implement various measures to bring the price back up. These measures include the deep learning AI bot, which will constantly monitor market conditions and execute buybacks of ORZ token using the USDC reserve. This mechanism creates buy pressure for ORZ token, thereby helping to stabilize its price and maintain its peg to REVIVE token.

Additionally, ORZ token also implements a buy/sell tax, where a percentage of each transaction is burned, reducing the overall supply of ORZ token in circulation. This mechanism further reduces the sell pressure on ORZ token, ensuring that it remains overcollateralized and maintains its peg to REVIVE token.

If the price of Revive is getting higher and higher to maintain the peg, the price of Orz would also increase to maintain its peg to Revive. This is because Orz is backed by Revive, so as the value of Revive increases, the value of Orz will also increase proportionally. However, if the price of Revive increases too much, it may become difficult for Orz to maintain its peg, as there may not be enough Revive to back all of the outstanding Orz tokens. In this case, the Orz protocol will need to consider minting more Revive tokens to ensure that the peg can be maintained. Overall, the success of Orz will depend on its ability to maintain its peg to Revive, which will require careful management of the collateral and an effective buyback and burn mechanism.

The protocol is based on a series of complex interactions, with the behavior of multiple stakeholders deciding the pricing dynamics of the multiple tokens of the ecosystem.

When Orz price is over the peg, new Orz is minted by the protocol to inflate the supply, in an attempt to drive the price down towards the peg. These new Orz are placed into circulation through the Boardroom and distributed to OSHARE holders. This increases the demand for OSHARE, thus increasing the price and value of OSHARES.

When Orz price drops below the peg, the protocol will allow minting Obonds with Orz (up to a maximum debt limit). This removes Orz from the total supply, applying upward pressure on the price towards the peg. Obonds can then be redeemed for Orz at a premium when the price is above peg in the future.

Ultimately, the purpose of the Orz protocol is to provide the means for its investors, regardless of being long-time BNB holders, Defi users, or new users just coming into the space, the opportunity to remain exposed to BSC And at the same time, take advantage of a whole ecosystem built around Orz that is aimed to put their precious BNB to work for them, without the insanely expensive fees and slow processing speed from the Ethereum blockchain."