Experiment "Is Tether a Scam?"
A lot of times we heard from community, that USDT is not backed by US Dollar 1:1. And sometimes Tether said that USDT is only backed 74% by fiat and there are no necessary to be fully backed by cash only. Then they said, that USDT is fully backed.
And I think, that Tether (USDT) is backed only by human psychology, not by US dollars. They told people, that USDT costs $1 and only because of this, price of USDT = $1. I want to prove it and I create a token, that should cost $0.50 – 50 Cents Token (50CENTS).
I set initial price at $0.01 to check the possibility of riching a price of $0.50. If we will do it – experiment was successful and Tether backed by nothing but human psychology. If not – Tether is not a scam.
10.03.2021
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