Throughout the short "history" of Algorithmic Stablecoins (also referred to as “Seigniorage Stablecoins”), we observed a common trend of staying relatively "stable" around 50 cents rather than the targeted 1 US Dollar from various projects. As many algorithmic stablecoins have failed to maintain their peg with 1 US Dollar, the team revisioned the goal for our token to stay as stable as possible by compressing the peg threshold down to 50 cents. 50 cents is also a good starting point for our services, including the lottery or NFT marketplace. Imagine a place where you can sell or buy NFTs with the minimum starting bid of just 50 cents! Or buying lottery tickets that only cost half a buck per pop but can potentially win you millions! EACH! The possibilities are endless...
- "Expansion": A percentage of the total 50C supply is minted. The minted 50C is given to users who staked their 50K (50 Cent Keeper)
tokens depending on how many 50K they staked.
- "Contraction": 50C minting is stopped. Instead, 50B tokens (bonds) are available for sale. Users can buy 50B with 50C. For 1 (one) 50B bought, 1 (one) 50C is automatically burnt. The Tax will also be significantly higher during this time.
- 50B tokens can’t be redeemed (convert to 50C) when TWAP of 50C is under $0.5, but they can be whenever TWAP of 50C goes back over $0.5.This is a premium mechanism incentivizing users to buy bonds and helping the price to get back above its peg.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.