Greetings community, can anyone tell me more about the asset-backed mechanism? The reason of why I am asking is basically because, as far as I understand, this is one of the technologies to make portfolio always equals to tokens.
Hey azam! Here is what their WP says: To minimize the risk of loss for WHISKY TOKEN (WHY) owners, WHYTOKEN GmbH implements a sophisticated security mechanism. This asset-backed mechanism covers the WHY stock market price based on the current value of the high-end whisky portfolio. It is ensured that the value of the total WHY market capitalization does not fall below 90% of the portfolio value (hereinafter referred to as "asset-backed value"
Hmm, sounds pretty beneficial, so this will work from the very beginning to secure token holders even more and make token even more stable?