CaribCoin (CARIB) — The Charter
Participation,
not permission.
CaribCoin is the protocol token that powers every product Anansi builds. It captures value from real economic activity — not promises. Fixed supply. Deflationary burns. Open ecosystem. Open to anyone.
The Charter
What CaribCoin is — and is not.
CaribCoin IS:
- → A protocol fee token across all Anansi products
- → A staking token for governance and priority access
- → A coordination primitive for builders and participants
- → Open to anyone — retail and institutional
- → Market-discovered in value — no price management
- → Deflationary by design — fees are partially burned
- → Tradeable on public DEXs from day one
- → Chain-agnostic — Sui at launch, expandable
CaribCoin is NOT:
- ✕ A stablecoin
- ✕ A guaranteed investment
- ✕ A dividend or revenue-sharing instrument
- ✕ A replacement for local currencies
- ✕ A protocol that pays yield to stakers
- ✕ A centrally managed financial product
- ✕ Required to use Anansi products — USDC is always accepted
Core Principles
The rules that define CaribCoin.
Open Participation
Anyone can acquire, use, build with, or speculate on CaribCoin. No permission required. No KYC to hold — only to use regulated products.
Free Markets
CaribCoin embraces price discovery, volatility, disagreement, and experimentation. There is no attempt to control price, guarantee stability, or suppress speculation.
Use Before Narrative
Usage over hype. Builders over promoters. Action over promises. Belief is optional. Participation is sufficient.
Voluntary Adoption
No individual, business, or community is required to use CaribCoin. Participation is opt-in. USDC is always accepted. Exit is always allowed.
Tokenomics
10,000,000,000 CARIB
Fixed supply. No inflation. All tokens minted at genesis. Burns are permanent.
Blockchain
Sui
Standard
Coin<CARIB>
Decimals
9
Inflation
None, ever
Vesting & Supply Schedule
| Category | Tokens | Vesting |
|---|---|---|
| Community & Ecosystem | 4B | Gradual emission, 5–10 years |
| Foundation Treasury | 2B | Locked. Released by governance. |
| Contributors / Core Team | 1.5B | 1-year cliff, 4-year linear |
| Early Backers (SAFT) | 1B | 6–12 month cliff, 2–3 year linear |
| Public Launch Liquidity | 1B | No cliff. At public launch. |
| Strategic Partners | 500M | Case-by-case, 1–2 year |
Initial circulating supply at launch: ~600–700M CARIB (6–7% of total). Conservative float by design — less sell pressure, disciplined price discovery.
Economics
How CaribCoin captures value.
Every Anansi product generates fees. All fees are auto-converted to CaribCoin via DEX — users never need to buy or hold CARIB. The protocol does it behind the scenes in a single atomic transaction.
Every product generates fees
Spice charges 1% on surplus distribution and 0.5% on buyer swaps. Each future Anansi product — DollarBank, CaribStone, SaaS — adds its own fee surface. Every fee event feeds the same flywheel.
Fees auto-convert to CARIB
Within one Sui PTB: fee USDC is swapped to CARIB on the DEX. The user sees the net amount. The conversion is invisible but fully auditable on-chain.
50% is burned permanently
Half of every fee is destroyed — sent to a null address, permanently reducing the supply of CARIB that will ever exist.
50% funds the ecosystem
The other half goes to the treasury — funding grants, development, infrastructure, and ecosystem growth. The ratio is adjustable by governance.
∞
More products → more fees → more burns → less supply. Every product Anansi ships strengthens the cycle.
Spice (live)
0.5% – 1%
DollarBank
Coming
CaribStone
Coming
Staking
Stake freely.
Staking CARIB unlocks four tiers of platform benefits — discounts, governance, priority access, airdrops. No fixed lock periods. No slashing. Unstake any time with a 24-hour cooldown. The protocol does not pay yield — it unlocks access.
Governance voting
1K CARIBStake ≥ 1,000 CARIB (Tier 1) to vote on protocol parameters: fee rates, burn ratio, new asset approvals, treasury spending.
Reduced fees
5K – 10K CARIBStake ≥ 5,000 CARIB (Tier 2) for 25% off Spice swap fees. Stake ≥ 10,000 CARIB (Tier 3) for 50% off. Discounts extend to every future Anansi product.
Priority access
50K CARIBStake ≥ 50,000 CARIB (Tier 4) for early access to new asset pools before public availability — alongside the maximum fee discount.
Ecosystem rewards
Any amountStake any amount for eligibility for periodic airdrops from the Community & Ecosystem allocation. Proportional to stake.
How unstaking works
01
Request unstake
Click unstake. Your tokens enter a 24-hour cooldown. Benefits deactivate immediately — no voting, no fee discounts, no priority.
02
Wait 24 hours
Tokens are locked during cooldown. You can cancel and restake at any point during this window with no penalty.
03
Withdraw
After 24 hours, claim your tokens back to your wallet. No slashing. No fees. No friction.
The 24-hour cooldown exists to prevent flash-loan attacks on governance and priority access — not to punish users. It is the minimum friction required for the benefits to be meaningful.
Ecosystem Yield
Where yield comes from.
CaribCoin the protocol does not pay yield. But the ecosystem around CaribCoin generates real economic activity — and participants can earn from that activity through three market-based mechanisms. None of these are promises from the protocol.
01
DEX Liquidity Fees
Provide liquidity to the CARIB/USDC pool on Cetus and earn a share of every swap fee. This is standard DEX economics — CaribCoin does not pay these fees; traders do.
02
Liquidity Incentives
The Foundation may run programs distributing CARIB from the Community allocation to LPs. These are treasury-discretion incentives — not embedded protocol rewards. Can be paused or adjusted.
03
Third-Party Services
Validators, DeFi protocols, and staking services may build products on top of CARIB that offer yield. These are separate agreements between users and third parties — not CaribCoin itself.
This separation matters. The protocol stays honest: it does not promise returns. Yield exists in the ecosystem because real activity creates real revenue — earned, not issued.
Governance
Evolving, not premature.
What's governed
- → Fee rates across all products
- → Burn-to-treasury ratio
- → New asset type approvals on Spice
- → Community & Ecosystem spending
- → Protocol upgrade approvals
- → Addition of new products to the fee stack
What's never governed
- ✕ Minting new CARIB — no function exists
- ✕ Overriding Foundation multi-sig
- ✕ Forcing custodians to act
- ✕ Changing the charter's core principles
- ✕ Intervening in market pricing
Phase 1 — MVP
No on-chain governance. Decisions made transparently by the founder with community input. Avoids governance theater before there's a real community.
Phase 2 — Post-Launch
Soft governance — snapshot voting by CARIB stakers on key parameters. Results are advisory. Foundation implements if reasonable.
Phase 3 — Maturity
Binding on-chain governance for defined parameters. Foundation retains veto only for existential threats: security, legal compliance.
Invariants
Rules that never change.
Total supply is fixed at 10B CARIB. No function exists to mint more. Ever.
Burns are permanent. Burned tokens cannot be recovered.
The protocol never pays yield. Staking benefits are fee reductions and access — earned by activity, not by holding.
Unstaking is always permitted. The only friction is a 24-hour cooldown to prevent governance attacks.
Fees are always a percentage, never a flat tax that scales badly.
USDC is always accepted. CaribCoin is never the only payment method.
Auto-conversion is transparent. Every fee conversion is visible as a Sui event.
The charter governs. No economic change can contradict these core principles.
Stewardship
The Foundation
CaribCoin will be stewarded by a foundation that exists to support ecosystem development, fund public goods and grants, maintain protocol infrastructure, and represent the network externally when necessary.
The Foundation does not manage token price, promise returns, control markets, or override voluntary activity. Stewardship is not ownership. The network's direction is shaped by participants — not by any single entity.
In its early stages, governance is informal and transparent. It is expected to evolve gradually as the network grows. No governance model is assumed to be final.
Risk Disclosure
CaribCoin does not promise returns, yield, dividends, or price appreciation. Its value, if any, is determined by how people choose to use it.
Any yield opportunities in the CaribCoin ecosystem — such as DEX liquidity fees, Foundation-funded incentive programs, or third-party staking services — are generated by external market activity, not by the CaribCoin protocol itself. The protocol does not issue rewards from token supply.
Participation involves risk including market volatility, technical risk, regulatory uncertainty, and social dynamics. Participation is voluntary and at your own risk.
We do not predict market outcomes. The economic design creates conditions where usage drives demand and burns reduce supply. What the market does with that information is the market's business.
Participation, not permission. Usage, not promises. The market decides what CaribCoin becomes.