Ninjastic
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Board Announcements (Altcoins)
Re: CENTUS - a stablecoin on the Stellar blockchain
by
NeonWolf
on 05/02/2021, 13:54:01 UTC
     At the current time, there is a rapid development of the Centus token. The capitalization of the project today is $ 5,354,833 Stable Cent CENTUS is an algorithmic stable digital currency on the Stellar blockchain. The number of Stable Cent in circulation increases or decreases according to a given algorithm depending on the market demand.

100 CENTUS ≈ 1 USD

     By providing participants with the ability to buy and sell CENTUS, the smart contract acts as a market maker. To buy CENTUS, members transfer funds to the smart contract address, where they are stored as a variable reserve. The main purpose of the CENTUS reserve is to provide participants with the opportunity to sell their CENTUS tokens at any time; the contract is purchased by CENTUS using funds from the reserve.
Twice a week, a smart contract prints new CENTUS and distributes them proportionally among the existing CENTUS owners, taking into account market demand.
     As a result, the owners of CENTUS receive income - seigniorage.
     The CENTUS currency includes a liquidity mechanism designed to mitigate the impact of market forces when they cause volatility in the value of CENTUS. The CENTUS smart contract offers an ongoing sale of new CENTUS tokens at a price close to $ 0.01. Conversely, the contract offers to redeem and destroy CENTUS tokens at a price close to $ 0.01.The smart contract allows for a spread within which speculative participants can earn profits by maintaining the peg of the coin.
     Thus, the supply of CENTUS tokens is determined by demand: tokens are issued or withdrawn from circulation depending on the market. In addition, the CENTUS value is between the purchase price and the offer price. Within the range defined by the CENTUS smart contract, transactions can be made in secondary markets without involving a smart contract.
Income from the issuance of new CENTUS tokens is fully held in reserve. The reserve is created exclusively through the sale of CENTUS tokens, and its sole purpose is to enable the CENTUS smart contract to redeem tokens when needed. The costs of maintaining the reserve are taken from the reserve itself.