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$TRENCH is the liquid token through which the Trench Capital economy operates. Every time it is transacted, a portion of that transaction contributes to the continued operation and growth of the DAO.
$TRENCH · TRENCH / WETH
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Buying $TRENCH costs 1.45% and selling costs 1.45%. The fee is charged by the pool on each swap and collected in ETH — it is not inside the token, so moving $TRENCH between your own wallets costs nothing. Read the token contract and you will find no fee code at all: it is a plain ERC20 with no owner, no mint and no blacklist.
1.45%
On every buy
Charged by the pool when someone swaps into $TRENCH, and collected in ETH. It funds the war chest the investment mechanism eventually draws from — capital that only moves once The Many vote it out.
The Treasury invests.
1.45%
On every sell
The same fee in the other direction. Between them they fund both halves of the machine: the capital that gets invested, and the development, research, marketing and partnerships that make Trench Capital worth investing through.
Development & Marketing builds.
The entire mechanism reduces to one cycle. Each turn leaves the network with more participants, a stronger investment record, and a replenished Treasury.
The defining feature of the investment model is what happens to returned value. The portion designated for the DAO is divided into two equal parts — in the same transaction, by the contract, with nobody in between.
50%
Burn
Permanently removed from circulation. It cannot return to the market.
50%
Stakers
Distributed to holders of dTRENCH, raising the redemption value of every share at once.
Investment success reduces supply.
Investment success rewards the people who committed capital.