# BASICS ## **What is Recovery？** Recovery is a decentralized crowdfunding protocol driven by the community. In order to consolidate the value of its token REC, the DAO continuously destroys the deflationary token through the protocol, so that it still has intrinsic value to support it even if it falls. Recovery brings unique economic and game theory dynamics to the market through staking and crowdfunding. ## **What is** REC？ REC is the only token issued by RecoveryDAO. Recovery’ goal is to create a credible value asset for Web3 and to help onboard users into a decentralized, democratized economy, with the additional goal of becoming the reserve currency for DeFi, which is one of the ways we can achieve economic recovery. What are reserve currencies designed to achieve? * Preserving purchasing power: Over the medium- to long-term the asset grows to out-pace inflation, and becomes more stable over time * Deep liquidity: Reserve currencies are highly liquid and can be easily exchanged for other assets, products and services * Utilized as a unit of account: Other assets are denominated in the currency * Reserve assets serve as trusted backing:The currency is viewed as reliable and relatively low risk, which encourages entities to hold large quantities of it in reserve ## What is the meaning of RecoveryDAO's existence? Our goal is to establish a policy-controlled currency system, through a high-level DAO to control the operation status of REC tokens, and to protect all members of RecoveryDAO from the impact of economic recession. From a long-term perspective, we believe this monetary system can optimize the stability and consistency of REC, allowing REC to become an international unit of account and medium of exchange. In the short term, we intend to continue to grow and create wealth by optimizing this monetary system. ## How to participate in Recovery？ Recovery mainly provides two strategies for participants to use: staking and crowdfunding. Pledgers pledge their REC-USDT LP to obtain ecological dividend income, while crowdfunding participants help to burn REC tokens through a decentralized protocol, thereby obtaining contribution rewards set by the protocol. Those who want to participate in governance together can join the community discord. We welcome new members to join and contribute to Recovery together! ## Who created Recovery? Recovery is built by a distributed pseudo-anonymous team. ## Who runs Recovery? Nobody. Recovery is governed by the DAO, so all decisions are discussed by community members in the Discord community, and after the proposal is proposed, the nodes jointly vote to decide. # FAQ ## Where is the sustainability of Recovery? Recovery has a complete closed-loop ecosystem and can deduce future development patterns. RecoveryDAO is in it for the long-term. We believe that we can outlast today's economic structures and be a model for how economies should be run in the future. As such, we consider the long-term implications of our decisions. We're deliberate in our decisions but we are not rushed. ## Where do the profits of crowdfunding participants come from? The crowdfunding profit of each phase will be distributed from the crowdfunding amount of the next phase, which will be automatically carried out by the protocol and cannot be tampered with by anyone. ## Where does the profit of Recovery Earn come from? The profit of the Earn function will come from loan interest income, liquidity rewards, sponsorship from partners, etc. ## After the subscription, when will the reward be issued? Earn Rewards will be issued at the next 16:00 (UTC) after 24 hours of subscription. ## Are funds safe in Recovery? The assets of the Recovery protocol will be distributed and stored by multiple addresses, and there will be no restrictions on the withdrawal of community users, so the funds are very safe. ## How long will it take for the withdrawal to arrive? This will depend on the processing speed of the protocol and the blockchain, but no more than 24 hours at the latest. ## Does REC only go up and not down? No, REC has been listed on PancakeSawp, and more exchanges may be listed in the future. The price of the token is completely determined by the market. However, with the continuous burning and staking mechanism in the Recovery ecosystem, as well as other subsequent empowerment of DAO, we believe that REC has a very large upward potential. ## What happens if Recovery doesn't meet its crowdfunding target one day? Crowdfunding will fail, and the protocol will automatically activate the [Safeguard mechanism](/products/crowdfunding#safeguard-mechanism). This will distinguish two cases, DAO node (Recovery) and normal node. * If DAO node fails to meet the standard, the node will be restarted and all the current crowdfunding funds will be refunded. Because of the failure to meet the standard, users in the penultimate phase will not be able to obtain the crowdfunding principal and income. The next day DAO node will be restored to $10,000 to start crowdfunding. * If normal node fails to meet the standard, the node quota will be reset to zero, and all the current crowdfunding funds will be refunded. Because of the failure to meet the standard, the users in the penultimate phase will not be able to obtain the crowdfunding principal and income. On the second day, it will be merged with the upper-level node and participate in the crowdfunding of the upper-level node. # Roadmap

Roadmap

#### Finally, it's a roadmap not a to-do list, and the order of these plans may change due to major events, research breakthroughs, and community feedback. # Contact Us Here you'll find a list of RecoveryDAO's official Social media channels and communities. ## Twitter {% embed url="" %} ## Medium {% embed url="" %} ## Discord {% embed url="" %} ## Telegram channel {% embed url="" %} ## Telegram group {% embed url="" %} # Propaganda Thanks to members of the community for their efforts. We will provide learning and publicity files here for users to download and use. {% file src="/files/HASxclFol0dxZs1vCxce" %} {% file src="/files/SQJtY8bXcARnNdGOPsNq" %} # REC * **Ticker:** REC * **Total Supply:** 10,000,000 * **Contract Address:** 0xb922AA024e71A25077D78B593Bd6f11f2F412e72 * **Chain:** BNB Smart Chain (BEP20) ## Tokenomics

Tokenmics

## Deflationary mechanisms Regular token burns ([view burn address](https://bscscan.com/token/0xb922aa024e71a25077d78b593bd6f11f2f412e72?a=0x000000000000000000000000000000000000dead)) are built into many of Recovery's products (like using 0.3% of each crowdfunding amount for **REC burning**), with more on the way. # Crowdfunding ## What is a crowdfunding **protocol?** **The crowdfunding protocol is a value-creating strategy designed by Recovery for users.** Users can participate in crowdfunding through the mechanism set by the protocol to help **burn REC**, so as to obtain the distribution rewards of the next crowdfunding funds. The crowdfunding protocol is based on nodes, and one phase is carried out every day, and the crowdfunding funds of each phase are 104% of the previous phase. Example > The first crowdfunding amount is $10,000 > > The second crowdfunding amount is $10,400 > > The third crowdfunding amount is $10,816 > > The fourth crowdfunding amount is $11,248.64(11,249) ## How the protocol will allocate the additional 4%? * Sharing reward: 1.4% * Node reward: 1.2% * Crowdfunding reward: 0.8% * Staking reward: 0.3% * Burn: 0.3% ## When is crowdfunding time? Queuing time for new users from **12:00-14:00 SGT** Queuing time for all users from **14:00-16:00 SGT** Public crowdfunding time is from **16:00-22:00 SGT** ## What is the difference between queuing and public crowdfunding? The maximum limit for queuing up to participate in crowdfunding is 1% of the total amount of crowdfunding, and there is no limit to the amount of participation in public crowdfunding. Users who participate in the queuing will be given priority in crowdfunding. When the accumulated amount in the queue is not enough to meet the total amount of crowdfunding, the public crowdfunding will get the remaining crowdfunding amount. Users who participate in the queue can still participate in public crowdfunding. ## Safeguard mechanism We know that continuous growth will bring about economic bubbles, in addition to that, crowdfunding may fail due to many other factors, so we have established a guarantee mechanism, and users can refer to ([Mining](/products/mining)) to learn about our specific measures. # Earn ## What is Recovery Earn? Recovery Earn is a simple, flexible, safe, and high-yield coin-earning product we provide to users. Currently, it only supports two tokens, USDT and REC, and it is expected to support more in the future. ## Are there risks with this product? The funds that users participate in will be used for mortgage lending and provide liquidity, and the borrowed user funds will have a high margin as collateral. The community has strict risk control management for this, so the funds for this product are risk-free. ## Why is Recovery Earn able to pay users daily earnings? The daily income is distributed from the income of Recovery, and the amount of distribution is determined according to the evaluation and evaluation of the current market conditions. The assets you deposit into the coin-earning platform can be used for various purposes, including mortgage lending and liquid pledge, etc. Recovery may also carry out promotional activities sponsored by cooperation projects from time to time to attract more users to use our platform. The sponsorship of partners allows Recovery Earn to launch short-term coin-earning products with higher annualized interest rates, which users can benefit from. ## How much will the profit be? There is no way for this product to promise a fixed return, which will be affected by various factors such as the supply and demand relationship in the lending market, liquidity returns, and the sponsorship amount of partners. But it can be determined that the return on investment will be more competitive than other products. ## Does Recovery Earn have referral rewards? Yes, we encourage everyone to actively share to create higher liquidity, and set up a series of rewards for this purpose. The reward ratio will be calculated based on user revenue, which is divided into the following three types: * [x] **Direct Referral Reward: 20%** * #### Level rewards: 110% in total V1: 30% V2: 45% V3: 60% V4: 80% V5: 100% Same level as V5: 10% * [x] **Contribution rewards: 10%** After upgrading the V5 level, the total amount of liquidity purchased by the team will increase by 1 million US dollars, and 1 contribution point will be obtained. According to the proportion of each person's contribution point, 10% of all liquidity income will be shared. ## How the Earn function judges the upgrade? When the recommended user purchases a wealth management product for more than 24 hours, the turnover amount will be calculated based on the user's subscription amount. If it continues to be stored in the liquidity pool, it will continue to be superimposed every 24 hours. Example: When you recommend a user to purchase 1000 USDT, and the user redeems it 7 days after the purchase, your referral performance will be calculated as 1000\*7=7000 USDT. The upgrade conditions of the earning function are the same as crowdfunding and can be interoperable. Suppose you upgrade to V1 in crowdfunding, you will also enjoy a 30% level reward in the earning function. # Loan ## What is a loan? Lending is a function launched by Recovery to help users improve their financial flexibility, which will allow everyone to lend funds in Recovery Dapp to create more investment strategies. ## Does the loan require collateral? Yes, our users will have the option to borrow REC by providing USDT as collateral, as well as borrow USDT by providing REC as collateral. The Loan-to-Value ratio (LVT) is set at 65%, meaning that pledging 1000 USDT would allow a user to borrow REC tokens worth 650 USDT. ## What is the interest on the loan? The loan interest will be adjusted automatically by the system according to the actual market supply and demand. When the amount in the liquidity pool is insufficient, the loan interest will be increased, and when the amount in the liquidity pool is sufficient, the interest will be reduced. ## Will the position be forced to close when the margin is insufficient? Yes, if a user's loan amount is 83% of their collateral, we will initiate a liquidation process and sell their collateral to repay the loan. Therefore, users must monitor their own LVT to ensure that the margin is replenished in time to avoid forced liquidation. In the event of a forced liquidation, we will use any excess to burn REC. # Staking Staking is the primary value accrual strategy of Recovery. Stakers stake their REC-USDT LP on the Recovery page to receive rewards. Rewards come from the crowdfunding protocol and vary according to the amount of crowdfunding in the protocol. Staking is a passive, long-term strategy. Your LP value will gradually increase while your cost base will continue to decrease until it converges to zero. In other words, even if the market price falls below the price you bought it, stake it long enough and your gains will eventually outpace the price drop. When you stake, you lock up your REC-USDT LP. Your account will be automatically rewarded every epoch. When you unstake, you will redeem your REC-USDT LP. Unstaking means that the user will be disqualified from receiving the reward. It is important to note that the amount of lost rewards will only depend on the number of unstakes; the remaining LP (if any) will continue to earn rewards. ## Staking Contribution * Node Staking: Contribution = 1 × LP quantity * Staking for 1 month: Contribution = 1 × LP quantity * Staking for 6 months: Contribution = 2 × LP quantity * Staking for 12 months: contribution = 5 × LP quantity * Staking for 48 months: contribution = 10 × LP quantity **Staking rewards will be evenly distributed according to the total contribution.** # Nodes ## What is a node? Nodes are a key part of the decentralization of RecoveryDAO. Anyone can become a node by staking liquidity and contribute to the development of DAO. Nodes will be at the heart of the protocol and will essentially define, shape and control the future. We sincerely welcome every member who loves Recovery to join the node. As the number of nodes increases, the vitality of DAO will become more tenacious. ### Benefits enjoyed by nodes * Initiate a proposal * Participate in voting governance * Exclusive crowdfunding share * Node exclusive rewards * Node Invitation Reward * More rights in the future ## How to become a node? To apply to become a node, you need to click the node page on the website. Initially, you need to stake **the liquidity of REC-USDT worth $2,000**. When Recovery adds 10 nodes, the stake value needs to increase by $100, with an upper limit of $10,000. After the stake is successful, you can become a node of Recovery. ## Node crowdfunding share When you apply for a node, the agreement will automatically calculate your crowdfunding share for you. Your initial share is the total amount of you and your team members participating in the crowdfunding of the superior node in the previous period multiplied by 104%. We consider that the initial quota may not meet your needs, and you also have an opportunity to apply for an additional share. The additional quota can only be applied for once, and there is no limit to the application time. ## Node Mechanism As an important role in determining the development of Recovery, nodes are also endowed with a greater mission. After becoming a node, the pledged liquidity will be transferred to the black hole, permanently locked and irredeemable. And after the node crowdfunding starts, if a certain period of crowdfunding fails in the future, the node will be cancelled. If you want to apply for a node again, you need to re-stake liquidity. # Mining ## What is mining? **Mining is an important part of the internal cycle of the Recovery economy.** When crowdfunding fails, mining will be started. Assumption: If the user loses $10,000 in the crowdfunding protocol, he will get 10,000 hashrate, the initial hashrate daily decay index is 1%, and he will get 1% of the equivalent token income (assuming the REC price is 1USDT) > On the first day, you will get 100 tokens, worth 10000\*1%=100USDT > > On the second day, you will get tokens worth (10000-100)\*1%=99USDT > > On the third day, you will get tokens worth (9900-99)\*1%=98.01USDT Until all hashrate is deducted. ## Halving mechanism For the sake of sustainability and long-term planning, the hashrate mining will implement a halving mechanism. When the number of tokens in the mining pool is 50% of the last decay, the daily mining rate will be reduced by 50%. Example > Assuming that there are 3 million tokens remaining in the mining pool, the mining output rate will attenuate to 0.5% per day > > Assuming that there are 1.5 million tokens remaining in the mining pool, the mining output rate will attenuate to 0.25% per day > > Assuming that there are 750,000 tokens remaining in the mining pool, the mining output rate will attenuate to 0.125% per day > > Assuming that there are 375,000 tokens remaining in the mining pool, the mining output rate will attenuate to 0.0625% per day # Lottery Lottery is a very interesting application, users can make very large profits at very low cost, and this return can reach an astonishing 990 times, yes you heard that right. It helps us increase traffic to our website and is an effective means for us to burn REC. ### Lottery Mechanism #### There are currently three prizes in the lottery > 99 REC Bonus: When the total number of lottery tickets purchased reaches 110, the lottery will be drawn immediately > > 495 REC Bonus: When the total number of lottery tickets purchased reaches 550, the lottery will be drawn immediately > > 990 REC Bonus: When the total number of lottery tickets purchased reaches 1100, the lottery will be drawn immediately **Users can buy a lottery ticket with a REC and get a random number. When the lottery number matches your number, you will get the corresponding reward. Of course, you can also buy more lottery numbers to increase your odds of winning.** You will find a rule that the lottery prize is 90% of the total lottery purchase, so how is the other 10% distributed? * Burn: 5% * Prize Pool: 1.8% * Sharing reward: 1.4% * Node reward: 1.2% * Development & Maintenance: 0.3% * Staking reward: 0.3% ## **Specifics:** * Lottery ticket cost for 1 ticket: 1 REC token. * Individual user Lottery entry limit: No overall limit. * Paying for one ticket will give users a random combination with each digit being between 0-9, for e.g. “0198”. Match the lottery numbers to win prizes. * Lotteries use random draws for true fairness. ## Prize Pool The prize pool is another reward for lottery participants. Assuming that a total of 1 million lottery tickets are sold today, 18,000 REC tokens will enter the prize pool, and the prize pool will accumulate once a day. We will rank according to the number of lottery tickets purchased by users that day > The first place will receive 50% of the prize pool > > The second place will receive 20% of the prize pool > > The third place will receive 9% of the prize pool > > The fourth-tenth place will receive 3% of the prize pool # Contribute ## Values RecoveryDAO is building a global, community-owned and decentralized economy so we can introduce stability and transparency back into financial markets and create financial inclusion for all. RecoveryDAO exists to support projects that bring value to the REC economy. The DAO is driven by the following values: * Community-run * Results-oriented * Sustainable * Inclusive While we believe decentralized structures are best suited for achieving this vision, we realize that some structure is needed to align on common goals, evaluate projects, create accountability and ensure successful execution. ## Join Us If your values align with ours, reach out to us on our DAO Discord, we look forward to your contribution.