kroncashman / kroncash-franc Goto Github PK

KronletFrancToken Contract Explain

This Solidity smart contract, named KronletFrancToken, is an ERC20 token that includes additional functionalities related to inflation adjustment and reserve requirements. Let's break down the key components and logic of this contract:

1. SafeMath Library: The contract includes a SafeMath library for arithmetic operations to prevent overflows and underflows in uint256 calculations.

2. Contract Variables:

   • owner: Stores the address of the contract owner.
   • inflationRate: Represents the inflation rate as a percentage.
   • reserveRatio: Indicates the reserve requirement percentage (default set to 20%).
   • reserveBalance: Tracks the current reserve balance.
   • reserveRequirementMet: A flag to indicate if the reserve requirement is met.

3. Constructor:

   • The constructor initializes the token with the name "Kronlet Franc" and symbol "KF".
   • It sets the default inflation rate to 7% per year and assigns the contract deployer as the owner.

4. Modifier:

   • onlyOwner: Ensures that only the owner can call specific functions within the contract.

5. Adjust Supply Function:

   • adjustSupply: A function that adjusts the token supply based on whether the reserve requirement is met or not.
     • If the reserve requirement is met, new tokens are minted based on the inflation rate.
     • If the reserve requirement is not met, the inflation rate is squared (limited to a maximum of 1) to adjust the supply.

6. Update Reserve Balance Function:

   • updateReserveBalance: Updates the reserve balance and checks if the reserve requirement is met based on the new balance.

7. Mint and Burn Functions:

   • mint: Allows the owner to mint tokens to a specified address.
   • burn: Enables the owner to burn tokens from a specific address.

Overall, this smart contract introduces additional functionality beyond the standard ERC20 token by incorporating inflation adjustment mechanisms and reserve requirements. It provides the ability to mint, burn, adjust supply, and manage the reserve balance as per the defined logic within the contract.

KronletCashFrancToken Contract Explain

This Solidity smart contract, named KronletCashFrancToken, is an ERC20 token that includes basic functionalities for minting and burning tokens. Let's delve into the key components and logic of this contract:

1. SafeMath Library: Similar to the previous contract, this contract also includes the SafeMath library for performing arithmetic operations securely to prevent overflows and underflows in uint256 calculations.

2. Contract Variables:

   • owner: Stores the address of the contract owner.

3. Constructor:

   • The constructor initializes the token with the name "Kronlet Cash Franc" and symbol "KCF".
   • It sets the contract deployer's address as the owner.

4. Modifier:

   • onlyOwner: Ensures that only the owner can call specific functions within the contract.

5. Mint and Burn Functions:

   • mint: Allows the owner to mint tokens and transfer them to a specified address.
   • burn: Lets the owner burn tokens from a specific address.

In essence, this contract serves as a simplified ERC20 token with minting and burning capabilities restricted to the contract owner. By utilizing the SafeMath library for secure arithmetic operations and implementing the onlyOwner modifier, this contract provides basic token minting and burning functionalities controlled by the owner address.

If you have any specific questions or need further clarification on any part of the contract logic, feel free to ask!