# $RAMEN

### Token Contracts

On Feb 6, 2025, our token contracts were successfully deployed on Berachain mainnet: 

* gRAMEN: 0x53a216703434f10771f815723860beafd5b80740 
* $RAMEN: 0xb8B1Af593Dc37B33a2c87C8Db1c9051FC32858B7

### `$RAMEN` token

`$RAMEN` is the liquid, transferrable utility token for Ramen. 

### `gRAMEN` token

`gRAMEN` is the locked version of $RAMEN. `gRAMEN` is by default illiquid and non-transferable, and can only be earned by locking $RAMEN. 

With `gRAMEN`, holders can earn Gacha and participate in governance in the future. 

## Conversion

### $RAMEN to gRAMEN

$RAMEN can be locked to receive `gRAMEN`, and the conversion is 1:1. 

For example, locking 1,000 $RAMEN tokens will instantly create a position of 1,000 `gRAMEN` tokens.  

### gRAMEN to $RAMEN

The maximum locking duration for a `gRAMEN` position is 16 weeks.

Users may redeem their `gRAMEN` position for $RAMEN instantly at any point in time. However, an unlock tax applies to redemptions before the 16-week maximum duration is up, and the unlock tax applies as illustrated below: 

For example, 

* **First 7 weeks from initial lock**: The unlock tax associated to a redemption anytime in the first seven weeks is 50%, i.e. 500 $RAMEN is redeemed from a 1,000 `gRAMEN` position 
* **50th day to 111th day from initial lock**: Users can redeem their `gRAMEN` for $RAMEN, but at a linear unlock tax i.e. unlock tax reduces linearly from the seventh week to the sixteenth week 
* 16 weeks from initial lock: Users can redeem their `gRAMEN` for $RAMEN at **0% unlock tax** i.e. 1,000 $RAMEN is redeemed from a 1,000 `gRAMEN` position 

When you redeem `gRAMEN` for $RAMEN, you can only redeem the entire position. Partial redemptions are not possible. 

{% hint style="info" %}
🔥 **Deflationary Mechanism**: All $RAMEN accrued from the unlock tax will be burnt and removed from the circulation. For example, if a user redeems 1,000 gRAMEN at the maximum unlock tax of 50%, the user will receive 500 $RAMEN. \
\
The balance 500 $RAMEN is burnt and removed from circulation in this process.
{% endhint %}

## Expired gRAMEN position

At the end of 16 weeks, the `gRAMEN` position will expire and automatically be converted back to $RAMEN at 0% tax. At this moment, you will cease to enjoy any Gacha earn rate or any other perks associated with holding gRAMEN. Users will have to manually lock their $RAMEN tokens in a new position.