# Tokens

### CHIMP - chimp.money Token

Contract: 0x3aC348c8d6D55395799B41b742913d90DE5B7708

The CHIMP token is designed to be used as a medium of exchange. The built-in stability mechanisms within the protocol aim to maintain CHIMP's peg of 1:1 CHIMP:BANANA in the long run. 

{% hint style="warning" %}
Note that CHIMP **actively pegs via an algorithm**, but that **does not mean** it will be valued at 1 CHIMP to 1 BANANA at all times as **it is not collateralized**. **CHIMP is not to be confused for a crypto or fiat-backed stablecoin.**
{% endhint %}

### SMOOTHIE - CHIMP BANANA SMOOTHIE Shares

Contract: 0x51ceEd6AcD27e8599b35F2c49BdEf5D3e2f813BC

CHIMP BANANA SMOOTHIE Shares (SMOOTHIE) are one of the ways to measure the value of the Chimp Money Protocol and shareholder trust in its ability to consistently maintain CHIMP close to peg. During epoch expansions the protocol mints CHIMP and distributes it proportionally to all SMOOTHIE holders who have staked their tokens in the boardroom.

SMOOTHIE has a **maximum total supply of 82,001** tokens distributed as follows:

1. *Treasury/DAO Allocation: 6,500* SMOOTHIE vested linearly 12 months\*
2. *Team Allocation: 6,000* SMOOTHIE vested linearly over 12 months
3. *Rewards: 69,500* SMOOTHIE are allocated for incentivizing liquidity providers in two farming pools for 12 months
4. Initial mint: 1 SMOOTHIE minted upon contract creation for the initial pool

{% hint style="success" %}
The Chimp Money team will use the treasury funds in any way that they feel is best for the long-term success of the protocol. 
{% endhint %}

### APEBOND - BOND Token

Contract : 0x3389E2Ea9A5e31c7D74e181547F6BA6a6E6BE80B

The main purpose of CHIMP Bonds (APEBOND) is to help incentivize fluctuations in the CHIMP supply during epoch contraction periods. When the TWAP (time-weighted average price) of CHIMP falls below 1 BANANA , APEBOND are issued and can be bought with CHIMP at the current price. Exchanging CHIMP for APEBOND burns CHIMP tokens, taking them out of circulation (deflation) and helps to get the price back up to peg. These APEBOND can be redeemed for CHIMP when the price is above peg in the future, plus a premium based on how high above peg we currently are. This conversely creates inflation and subsequent sell pressure for CHIMP when it is above peg, helping to push it back toward 1 CHIMP to 1 BANANA ratio.

{% hint style="info" %}
Unlike early algorithmic protocols, APEBOND do not have expiration dates.
{% endhint %}


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