Quote from: kaneki007 on February 21, 2020, 10:56:16 AM

Is this really stable? I tried converting cusd to several tokens and I was a little surprised that almost all of the rates for exchanging cusd were 0.1$. Will there be an action from the team regarding this matter so that the price of this cusd is stable like most other stable coins?

I am community manager for this project now. Originally it was thought as a stablecoin. The project had a handfull BTC for backing and all sell should be used at backing.

But because of feedback and our own review we have decided not to go with stable. People see red when they hear that word. Not without reason.

So stable out. BUT the original idea with backing is there. But not as aggressive as before. We see where open market end and we start from there. We already run tests on exchanges, bancor and arbritage systems to see how it is done. Because BTC, ETH etc is so volatile it is not that easy even if we have backing. But we are also here to learn.

>I tried converting cusd to several tokens and I was a little surprised that almost all of the rates for exchanging cusd were 0.1$.

We are in the building phase. We actually have some OK exchanges already. Because we changed plan a little and now make bigger airdrops etc the price will go lower. We have decide to see where market take us and build from there. I have the task with liquid exchanges like Bancor. I have already made a pool etc but not alot backing yet and it need approval from Bancor. But no tokens have been sold etc. All given out free.

Before any sells we will announce more clearly about backing and price.

Sorry for the confusing start. We have taken your feedback seriously and adjusted some things.