Quote from: o48o on February 07, 2020, 12:11:09 PM

Quote from: JanEmil on February 07, 2020, 11:07:36 AM

>But the price indicator is meaningless when there's not any liquidity on the buy wall.

Sure. You can say that for all assets.

Yeah, but i am not talking about all assets, i am talking about stablecoins because if they don't have liquidity, they are not stablecoins.

Quote from: JanEmil on February 07, 2020, 11:07:36 AM

>And this is supposed to be a "stablecoin".

I always think how USDT etc stay stable. Most be difficult to adjust the price all the time.

I will follow this one an see how it goes Tongue

That's because it's automated and supposedly it's backed by real usd and other assets. I know that's a controversial claim but cUSD doesn't even claim that it's backed by anything or pegged to anything making the whole claim of being stablecoin just insane.

And adding huge airdrop to that, they should be able to provide liquidity for every token they give away free in order to be a stablecoin. And we all know that's not going to happen with burning any amount tokens Cheesy

.

This is just an erc20 token, literally anyone can make one. This doesn't have any fundamentals to prove anything other then that.

One thing I can say here, they have no backing here so why would they call it a stable coin?
Based on trust? How can you trust an anonymous project without any proof of their track record?
Users that will get their airdrop token will just dump it once received.
I hope people will not cry for scam after they buy this token and found out real quick that there is literally nothing for them here.