Brinc finance is a defi and stable coin. The Brinc token protocol is an alternative token economy that is backed and real. 70% of the $BRC token is backed by the smart contract. The $gBRC token is used to promote minting, borrowing, and trading of the $BRC token. The Brinc finance protocol has a bonding curve algorithm and smart contracts which provide for continuous minting, burning, price and supply calculation. The on-chain reserve backing is provided by the requirement that $DAI be put into reserve. Brinc finance is built with solidity smart contracts and deployed on the Arbitrum network.
