(Lo-fi Token)
LOW token is designed to be used as a **medium of exchange**. The **built-in stability mechanism** in the protocol deterministically **expands and contracts** the LOW supply to **maintain LOW's peg to 1 CRO in the long run**.
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**LOW** is an algorithmic token with a peg **actively maintained by a smart contract.** It **does not mean** it will be valued at 1 CRO at all times as it is not collateralized and will be subject to certain level of volatility.
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### LOW Distribution (Boardroom)
Distribution of LOW during **Epoch Expansion** is as follows:
1. **65%** as Reward for SLOW Stakers in Boardroom
2. **30%** goes to DAO Treasury
3. **5%** goes to Dev Allocation
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If there are **bonds** to be redeemed, **65%** of minted LOW goes to Treasury until it's sufficiently full to **meet bond redemption**. If there is **no debt (BLOW)**, it will follow **maximum** capped **expansion** %.
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### **How the Algorithmic Peg works?**
#### **When LOW is below peg**
When LOW price is **below CRO's Current Market Price** (peg), Token Holders can **purchase Lo-fi Bond (BLOW)** and **LOW** will be **burnt** to **reduce** the total circulating **supply** when Bond Holders redeem LOW token with a 1:1 ratio.
#### **When LOW is above peg**
When LOW price is **above CRO’s Current Market Price** (peg), the token **supply** will have to **expand** to push it back down to peg and the contract will **allow the redemption of the Lo-fi Bond (BLOW)**.
When the price of LOW continues trading above the CRO’s Current Market Price (peg) **after bond redemption**, the contract **mints** an appropriate amount of **new LOW** and this will be **distributed** to the **SLOW Stakeholders in Boardroom**.
## **S**LOW 
(Lo-fi Shares)
SLOW is one of the ways to measure the **value of the LOW Protocol** and **Shareholder Trust** in its ability to maintain LOW **close to peg**. During **epoch expansions** the protocol **mints SLOW** and **distributes** it proportionally to all **SLOW stakers** in the **Boardroom**.
SLOW Holders have **voting rights** (governance) on **proposals** to **improve** the **protocol** and future **use cases** within the **LOW finance ecosystem**.
### **SLOW Distribution (Farms)**
SLOW has a **maximum total supply of 70,00****1** tokens distributed as follows:
| Allocation (3-month Vesting Period) | Distribution % | SLOW |
|---|---|---|
| ℹ️ LP Farm Rewards | 85 | 59,500 |
| ✅DAO Treasury | 15 | 10,500 |
| Dev Allocation | 5 | 3,500 |
| Initial Mint (Upon Contract Creation) | 0 | 1 |
(Lo-fi Bond)
BLOW's main job is to help **incentivize** the changes in LOW supply during an **epoch contraction period**. When the TWAP (Time Weighted Average Price) of **LOW falls below 1 CRO**, **BLOW** will be **issued** and can be **bought with current LOW price**.
### **Purpose of buying BLOW (exchanging LOW for BLOW):**
1. Burns LOW tokens
2. Takes LOW out of circulation (deflation)
3. Helps to get the LOW price back up to the peg (above 1 CRO).
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**Rationale:**
Buying BLOW addresses LOW inflation issue and LOW sell pressure to help to push LOW back above the peg.
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These **BLOW can be redeemed** for LOW when the **price is above peg** in the future. Investors who are here for **long-term** and are **bullish on LOW and CRO** can choose to **hold BLOW longer** as the **premium** gets **higher** when **LOW's TWAP increases** over time.
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Contrary to early algorithmic protocols, BLOW **does not** have expiration dates on redemption LOW.
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All **BLOW Holders** are able to **redeem** their BLOW for **LOW** as long as the **Treasury** has a **positive LOW balance** which typically happens when the protocol is in **epoch expansion periods**.