People use Crypto for many varying reasons, some use it for commerce, others see it as an asset and some people see it as an investment tool. Critics of Crypto see it as a valueless asset created out of “thin air”, they base their argument on the fact that Crypto currency has no physical form, but what they fail to see is that fiat money which they argue in support of is in fact created out of thin air and backed by nothing, hence the word fiat which was taken from Latin meaning “Let it be done” , the government says it is money so it is regarded as money. Crypto currency is create by Mathematical proof, and relies on cryptography and mathematics to make sure each transaction is secure. By this logic Crypto currency is backed by cryptography and mathematics while fiat money is based purely on faith in governments. Conversely a good number of crypto currency users use crypto because they see it as a better alternative to fiat money which is truly wished out of “thin air”. Whatever purposes people choose to use Crypto for, there are requirements that must be met, one of the most basic being price stability and anonymity. One of the biggest weakness of crypto currency is price volatility which makes it unfit for some basic uses, to solve the problem of price volatility “stable” coins were created which pegged the price of the crypto assets to fiat currencies held in Bank Accounts. While this might look like it works, it defeats one of the core purposes that make people use Crypto currencies. To solve this problem this paper proposes to create a stable coin collateralized by other crypto currency but whose price will be determined and maintained by a very simple mathematical equation.
Nov 15 2019
Dec 5, 2019 to Jan 25, 2020
Attention. There is a risk that unverified members are not actually members of the team
$114 495 564
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.