The cryptocurrency market is extremely volatile, that is why there is a high
demand for stable assets. Today, we already know of multiple “stable coins”
that are tied to the price of fiat currencies (e.g. USD, EUR) or commodities
(e.g. gold, oil). According to coinmarketcap.com, the daily average volume
of stablecoins is comparable to that of Bitcoin, and even exceeds it on some
days.
To guarantee the consistency of collaterals, its accounts are regularly being
audited. Unfortunately, in this case, only the “word of honor” of the auditor
company can guarantee the availability of cryptocurrency resources.
In the near foreseeable future, the situation will not change. The human factor
cannot remain almost the only factor affecting the price of stablecoins. In
order to change something, the cryptocurrency market needs a different
solution. For instance, a software solution that excludes any intermediaries.
The drawbacks of this type of stable coins are clearly illustrated by the graphs
of their market capitalization: the drops coincide with the report periods. In
fact, stable coins are a centralized instrument that can be either created or
destroyed anytime by the will of a third party.
Among the ways of eliminating the issues of centralization and the trust
model are stable collateral coins that have the following distinctive features:
• every token is over-collateralized by other crypto asset;
• token emission is only possible through backed smart contract;
• every participant can check the collateralization of any token;
• stability is guaranteed by the system algorithm.
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.