Product

With our above motivations, we birthed the idea of Atlantis ($ATLAS). The centerpiece of our Atlantis protocol is our income-generating treasury, which allows us to sustainably issue out BUSD profits generated. In order to build a sustainable income-generating treasury, our protocol seeks to generate profits from the following activities:

1. Selling of liquidity and reserve bonds. Reserve bonds in the form of FINS, JAWS, WBNB, BUSD, CAKE will be issued out to allow our protocol to grow our treasury. With these assets, we will then be able to seek staking returns that further compound the growth of our treasury.
2. Usage of $ATLAS as the currency paired against other trading pairs, e.g. $ATLAS-CAKE, $ATLAS-$FINS, $ATLAS-$JAWS, $ATLAS-BNB. As $ATLAS was built to be a reserve currency, it is only sensible that $ATLAS is used as the quote currency against which users can trade against. This promotes highly scalable utility for the token and immense liquidity. All trading profits generated from $ATLAS-paired LPs will be sold for ATLAS-BUSD, and subsequently, be distributed as BUSD dividends. We do anticipate high volume of trades, and high fees, as not only are there huge arbitrage opportunities for bots, our DEX will also promote trades through ATLAS-XXX pairs.

We draw inspiration from OlympusDAO based on a few core principles

• Algorithmic dollar backed coin, where price > $10, based on the underlying mechanics
• Bonding with vesting to regulate the creation of new tokens
• Attractive staking rewards for the (3,3) game theory to play out
• Protocol owned liquidity

Seek to enhance and differentiate the protocol:

• Sustainable mechanics — $ATLAS is minted only when bonding happens. Single $ATLAS staking yields two choices, 1) Stake for BUSD, or 2) Stake for ATLAS. When staking for ATLAS, the BUSD dividends are used to buy back ATLAS from the open market (and you receive an additional 5% for doing so). No more ATLAS is minted to prevent hyper-inflation
• Leverage our Yield Optimizer to further incentivize single staking of ATLAS for more ATLAS — You will be able to get auto-compounded returns at higher APY due to our Yield Optimizer mechanics
• Leverage our DEX to build an even more innovative set of income generation mechanics
• Double rewards scheme — You can stake $ATLAS to get more $ATLAS. When you do so, this has a very positive outcome on the protocol as buybacks are used to increase price of $ATLAS. Because this is a positive action, we will reward stakers by issuing out $sATLAS token (Staked Atlas). You can then stake it into our Atlantis Pools (Syrup Pools), to earn even more $ATLAS, or earn other partners’ tokens. You can boost your ROI exponentially with this double rewards scheme, and this does not inflate $ATLAS supply!

Deflationary Mechanisms In-Built:

• Our DEX currently charges 0.3% trading fees. Of which, 0.13% of all ATLAS sold will be burnt. 0.07% of ATLAS-USD fees will be redistributed back to ATLAS users. Our dividends treasury grows by 0.10%.
• When users stake $ATLAS for $ATLAS, a portion of the ATLAS buybacks will be burnt to reduce circulating supply and to create a rising price floor — Our flagship burning vault product

Benefits to our ecosystem:

• Protocol-Owned-Liquidity is important to us as it prevents an exodus of liquidity for our young DEX during high volatility moments
• Benefits $FINS and $JAWS holders — Higher trading fees equals more dividends for $FINS holders. A strong $FINS & $ATLAS equals more performance fees collected for $JAWS holders

Launch details:

This will be a launchpad project — Atlantis By AutoShark
Date of launch: 21st November
Time of Subscription: 10am UTC — 2pm UTC
Method of Sale: Overflow Method

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̶5̶0̶0̶,̶0̶0̶0̶ ̶A̶T̶L̶A̶S̶ ̶f̶o̶r̶ ̶e̶c̶o̶s̶y̶s̶t̶e̶m̶ ̶d̶e̶v̶e̶l̶o̶p̶m̶e̶n̶t̶ ̶f̶u̶n̶d̶

Token Allocation

200,000 ATLAS for tokensale
70,000 ATLAS for liquidity

Total Amount to raise in FINS/BNB LP for tokensale: $2,000,000

Each ATLAS token = $10

Funds Allocation

50% — Forming of ATLAS/BUSD LP as protocol locked liquidity (POL)
20% — Forming Initial Liquidity
10% — Development and platform expense
10% — Marketing fund
5% — Buyback of FINS to form reserve assets
5% — Buyback of JAWS to form reserve assets

Initial token price of ATLAS = $10

Circulating supply in the secondary market = 200,000 in ATLAS = $2,000,000 Market Cap

Circulating supply in the secondary market = 200,000 in ATLAS = $2,000,000 Market Cap

Treasury = Reserve Bonds + LPs = $500,000 in BUSD (from sale) + $500,000 in ATLAS (from liquidity) + $100,000 in FINS (from sale buyback) + $100,000 in JAWS (from sale buyback) + $1,000,000 in FINS (from sale) = $2,200,000 USD

Each ATLAS for every $ in Treasury = Reserve Bonds + LPs = $2,200,000 / 200,000 = $11

Source:
https://medium.com/autosharkfin/decentralized-reserve-currency-pays-out-busd-dividends-for-staking-2efac3951405