Post
Topic
Board Announcements (Altcoins)
Re: [ANN] New Stabletoken ROKS on the Ethereum network
by
workasset1
on 12/08/2019, 04:50:35 UTC
How to make profit using your coin? I understand it will be a stablecoin, but anyway

correct me if i am wrong but you call it stable coin when you pair it to a fiat such as USDT than BTC ?


Stablecoins have different stability mechanisms. Our stability mechanism is called "pegging" to a fiat like USD. This mechanism is very simple and it's based on trading. So we will have a large sell order for 1.01 USD and also a large order for 0.99 USD. Depending on current market volumes, our trade bot may place even larger orders behind these two "guard rail" orders to ensure that ROKS price does not break through the price limits 0.99 USD and 1.01 USD.