Cryptocurrencies are already entering the mainstream However, to help provide a decentralized stable currency and to help with skepticism concerning the highprice volatility of tokens, we introduce the $ KGR, an algorithmic stablecoin. Powered by the Himegami protocol, KAGRA (KGR) adjusts its supply in order to move the price of the token in the direction of the price of the Japanese yen. An elastic supply characteristic and programmatic rebasing protocol will further incentivize participants to drive the price of KGR to its target (peg) price as well as keep the value unaffected by the inflation of the Japanese Yen. This will allow us to create a synthetic commodity of a new generation - the first digital asset that is both stable and profitable.
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