Post
Topic
Board Announcements (Altcoins)
Re: Relay - A Private Stablecoin System
by
relaystablecoin
on 24/08/2018, 21:06:31 UTC
It is really interested to see the description of Relay coin. It is stated that Relay uses a stablecoin system? What does it mean? By the way, talking about your team member, I just find 2 members on your official site. Does the project team only consists of two members?    

A stablecoin is a cryptocurrency that is designed to maintained a specific price relative to fiat currency, in this case $1 USD. To make sure that it is always possible to get $1 of value out of 1 Relay Dollar (XRD) stablecoin, the circulating supply of XRD is fully backed by an amount of Relay Tokens (XRT) with a market capitalization exceeding that of XRD.

Only the CEO and CTO are listed on the website. There are additional developers who are working or have worked on Relay, but they are largely contract-based and thus any website listing could become outdated quickly whereas the project leads will be present long-term to develop Relay and operate the Relay Foundation, which is dedicated to supporting the growth of the Relay ecosystem.