The Treasury has several responsibilities. Based off our UTO Model, it allows for the trading of $CARB directly with guaranteed prices - no slippage and you will never have to sell less than the price you paid. $ZIL received for the purchase of $CARB made through the Treasury is transferred to the Operations Wallet.
The Treasury also receives payment for products and services that are not for the purpose of purchasing $CARB. When such payments are received then the value of $CARB increases.
The $CARB value within The Treasury is directly related to the ratio of $CARB & $ZIL held by The Treasury Smart Contract.
The Treasury moves $CARB into The Vault whenever it receives $CARB. This is to ensure that the correct price is maintained at all times. You can read more about how that works here.
The Treasury is a smart contract deployed on the Zilliqa Blockchain. It implements ideals of a DAO (Decentralised Autonomous Organisation). Based on the smart contract itself it can look after itself. In summary The Treasury...
1. Allows for the buying and selling of $CARB
2. Moves $CARB into The Vault.
3. Moves $ZIL to the Operations wallet.
When The Treasury Contract has been deployed, we will provide more details about the current status of the contract as well as allow you to buy / sell $CARB directly.