[ANN] Element Zero Payment Network & Algorithmic Stablecoin Platform
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ELEMENT ZEROS STABLECOIN SOLUTION
Element Zero does not use a currency peg or collateral or any supply or demand method to ensure stability. Element Zeros stability protocol it is based on a smart contract algorithm that is designed to eliminate any possibility for volatility in the first place by preventing the user from selling the stablecoin above or below the current (fixed) face value.
The entirely new stability methodology, the Element Zero Stability Protocol, is designed to process a two-way transaction. On one side the sender can send a stablecoin to a receiver but on the other side, the receiver must send back in return cryptocurrency, an invoice or receipt with the same value as the stablecoin. In the event that the value of the exchange does not match, the smart contract steps in to balance the face value between the sender and the receiver by returning the extra value to whom it belongs. The two-way nature of the smart contract means that the Element Zero stablecoin cannot be traded speculatively since its value is enforced.
Element Zero has been designed as an open source solution that allows businesses, organizations, and even governments to create their own stablecoin for free with their own industry-relevant features and with many more options that enhance the user experience while protecting their data, in contrast to todays poorly retrofitted credit cards.
Element Zero enables businesses, organizations and even governments to create their own stablecoinfree of chargebased on a new stability methodology that completely eliminates the possibility for any volatility in the first place.
Element Zero is a not-for-profit organization. All of the services are decentralized and free. Element Zero co-branded stablecoins can set their transaction fees; 75% goes to the stablecoin partner and 25% goes to the system.
Element Zero is a not-for-profit organization. All of the services are decentralized and free. Element Zero co-branded stablecoins can set their transaction fees; 75% goes to the stablecoin partner and 25% goes to the system.
Element Zero intends to transform the way we think about payments by providing a smart, feature-rich, open-source payment solution. Government-issued digital currencies are less concerned with the customer experience, currency is more of a utility. Element Zero allows brands and other organizations to offer a solution that is tailor-made for their community.
