The One Protocol is Absolutes goal aiming for there only to be one ABS left in circulation. Although this is unlikely due to the mechanics of supply and demand, it allows us to reward you by reducing supply based on the performance of our business. This makes your holdings absolute more valuable.
On a monthly basis we take 10% of our profit margin to buy and then destroy those collected ABS. This destroyed ABS is sent to specific addresses which are then closed off and hardcoded into the system to make sure that they are never used again. We then use these addresses to offset the max supply calculations.
This Protocol allows investors transparency of how well the company is performing and estimate what type of return they can expect.
One Protocol Total
The amount of ABS that has been destroyed and closed off in the core network by wallet adoption. Total Supply calculations have been completed.
One Protocol Unsecured
The amount of ABS that has been destroyed and has yet to be closed off in the core network by wallet adoption. Total Supply calculations have not been completed.
One Protocol Ratio
The amount of ABS that has been destroyed divided by the amount of ABS released by block reward. As an example in a given period, 10,000 ABS has been destroyed while 7,200 ABS been released by mining the chain.
10,000 / 7,200 = 1.39
A Protocol ratio above 1 indicates that there has been a reduction in total supply in this time period.
One Protocol Circulation Ratio
This is the ABS total destroyed divided by the current circulating supply.
One Protocol Max Ratio
This is the ABS total destroyed divided by the max supply (Max supply is 52.5 Million ABS).