Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Hertz - the first deflationary stablecoin, early announcement.
by
Hertz_Token
on 21/10/2019, 14:32:35 UTC
How is it deflationary and also stable?
What value is it pegged to?
What (reputable) entity guarantees it's stable / stays pegged to that certain value?

Great questions.

In terms of Ethereum, you can get your Ethereum back at any time from a contract at the highest loss of 2% (unless making transfers to other accounts). Deflation is done by burning the tokens and by having a limited total supply.

The 2% charge is kept with a contract for everyone's benefit. This is how it is stable and deflationary.

It can be interpreted as an ETH wrapper, and since it is open source and since nobody owns the contract, you are the authority of your own tokens.

The USD deflationary token with the same mechanism is under a development.