Not sure if they can really achieve the $1 target price here once they hit the exchanges. If they are selling about 20 to 30 cents to their investors, what is the assurance that they will not dump their holdings when the time comes? I am not really familiar with stablecoin based on algo and how they can really keep their price level at their target of $1 so we will see how this type of stablecoin will perform in the actual market. Maybe they will be the one project that will show us how non-backed by USD or other assets stablecoin will prosper in the market.
Now that you mentioned it am also thinking what is the guarantee that those who buy ccheap $0.30 won't dump the price, and how exactly does the team intend to keep the price stable at $1 if the presale price will be as low as $0.30! i think this is one of the reason why stablecoin is a difficult investment, stablecoin are suppose to remain stable, i guess this is something we will all look forward to see what happens afterwards.