Post
Topic
Board Announcements (Altcoins)
Re: 🌐 [ANN] [POW] [CCX] - Conceal.Network - DeFi, Private TXs & Encrypted Messages
by
republicrypto
on 22/05/2021, 20:31:17 UTC
Roadmap Revamp #1: Stable Deposits

Let's say that you want to deposit 20,000 CCX for 1 year at a 6% interest rate. If you use the current deposit method we offer, you have no idea how much that CCX will be worth after 1 year. It might be valued more or it might be valued less. Let’s face it. It's hard to plan your life with this much uncertainty in the stability of your principal deposit value.
With the added new option of stable deposits, you will still be able to deposit the 20,000 CCX as you can now, but in addition, stable deposits will document the value of the principal balance of CCX deposited in USD at the moment the deposit is created. After the deposit is unlocked, the price in USD will be checked again to determine the same value as you initially deposited and issue you your CCX based on the new USD value (plus interest earned).
read more https://concealnetwork.medium.com/roadmap-revamp-1-stable-deposits-4a54bcb39074
regards