The introduction of Iteration’s native token ITS comes as an experimental concept coin that will later integrate with Renascent’s volume creation product.

We intend to use this release as a way to test one of Renascent’s core concepts in prod. Iteration’s token will have minimal functions, however these functions will be key within Renascent’s future ecosystem, allowing for many innovative and unique Volume Creation techniques.

ITS Tokenomics

This token is designed specifically to be integrated into Renascent’s ecosystem.

The Iteration token is extremely simple and only has two functions.

Function One

LP Rewards
~ Each time function two is called, all ITS from function one is distributed to LP providers.
~ All you need to do to get these rewards is provide liquidity.

Once RenaSwap is released
All tax goes to an address to later be added to ITS/rETH in RenaSwap

Function Two

Function becomes available once an hour and can be called by anyone.
Caller of the function will receive 4% of the ITS for incentive to spend Gas.

When function is called:
~ 2% of liquidity is removed
~ the liquidity is then split into ETH and ITS
~ ETH market buys ITS
~ 96% of the ITS is then burned
~ 4% of ITS sent to caller of the function (to incentivize user spending gas)

To call the Function its required the caller holds a minimum of 100 ITS

Example (if 300ETH raised in presale)
~ $183,916 Liquidity on listing
~ 2% LP removed ~ $3,678
~ Split into ~ $1,839 ETH & $1,839 ITS
~ 4% of ITS sent to caller ~ $55.16
~ ETH market buys ITS ~ $1,783.84
~ 96% of ITS burned ~ $3,622.84

Value Added (from example above)
~ $1,783.84 Eth market buy
~ $3,622.84 ITS Burnt
~ $5,406.68 Total capital Rebalanced

This is an example of One Rebalance, Rebalancing can happen 24 times per day

Token Distribution

300 Eth Hardcap
Presale Price ~ 1ETH = 216.666ITS $2.704
Listing Price ~ 1ETH = 200ITS $2.833