Yes, the cryptocurrecy which can be used in future payments is really great because it will make the cryptocurrency group more wider range in terms of services that they provide in the public market.
Good point! |
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Interesting project for me. I'd like to read more about it. I hope that many people are interested in your project and it will get a hug of successful in near future!
Thank you for your support, Gabriella! We share your hope! |
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Here is an example how CP Processors Stablecoin would work:
Example - Dollar Token (DoTo) Stablecoin
100 dollars = 100 DoTo (Always)
1ETH = 500 DoTo* (current exchange rate ETH/USD)
1cPROtoken* = 1 DoTo* (current exchange rate cPRO/USD)
*cPRO token is a Utility token for CP’s Payment Processor
What is DoTo Stablecoin used for?
You can exchange your volatile cryptocurrency to a stable one (DoTo) and maintain your assets and/or make digital payments.
Cryptocurrencies = volatile price
Stablecoin = always stable price (1 dollar = 1DoTo)
How we maintain DoTo’s price stability?
Our formula is simple as this:
STABLE COIN (DoTo) = ETH & ERC20 TOKENS DEBT COLLATERAL +
ETH & ERC20 TOKENS CONVERSION + SUPPLY-DEMAND ADJUSTMENT BY SUPPLEMENTS
Technical explanation:
STABLE TOKENS SYSTEM WITH PERSONAL LOAN & CONVERSION
ERC20 tokens minted with smart contract functions on public Ethereum network,
Guaranteed by personal ETH & ERC20 tokens change (collateral + conversion) on smart contract custodian on Ethereum network.
Users can send when they want and how much they want ETH to personal conversion smart contract to change them for minted Stable Tokens ST.
Convertibility can be a personal conversion on the smart contract ETH to ST and ST to ETH
A user can do buyback of all ETH on personal conversion smart contract by the same peer if he sends Stable Tokens ST to burn them on the smart contract and no one else can buyback his ETH.
High external reserve at the margin can be ST=ETH+derivative1+derivative2...derivativeN on the smart contract.
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Great analysis, and easy to understand
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE! Only one day left for you to vote for your favourite stablecoin project! |
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE!
Only one day left for you to vote for your favourite stablecoin project! |
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE! One day left for you to VOTE for your favourite stablecoin project! |
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Extraordinary project
Thanks! |
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There are already exist a stable coin called USD Tether. The price is following the USD, but this coin is just for payment just like fiat, not for investment like other coins. many people in crypto is aiming for investing, not for payment. We know that Tether exist, but we are hoping that some other stablecoin project will take the lead, because so much controversy surrounds Tether and it is giving stablecoins a bad name |
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Stable coins are needed for the correct token sale on the ICO. If the price of the new token depend on ETH there is a possibility that its price will change so much by the end of the ICO.
Yes, that is an interesting point. Stablecoins could be used for that as well |
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE!
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE!
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First there's no such thing as Stable Coins, as you can see in the market there's no such thing as stable even the Bitcoin itself didn't maintain its price because it's the market/people are making the price of it. Well in the image below you will see the volatility of Bitcoin in the past years until now, that's how the market works there's no such thing as stable.  The price of most cryptocurrencies is determined by the marketplace, where buyers and sellers exchange coins and a price is discovered by supply and demand. In contrast, stablecoins seek to achieve a fixed price, which happens through a variety of means One of the primary factors driving merchants away from accepting cryptocurrencies is the volatile price coupled with rising transaction fees. This has caused several mainstream companies to drop bitcoin as a form of payment. In comparison, stablecoins can potentially serve as the backbone of financial applications on the blockchain, especially considering that some of them are compatible with smart contracts… |
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Which STABLECOIN or Stablecoin project is your favourite and why?We have compiled a list of 12 STABLECOINS and Stablecoin projects for you to choose: 1. Tether
2. MakerDAO
3. Havven
4. CP Processor
5. DigixDao
6. Globcoin
7. Minexcoin
8. TrueUSD
9. Fragments
10. Bitshares
11. Basiscoin
12. AuroraLEAVE YOUR COMMENT, OR GO TO OUR TWITTER POLL - https://twitter.com/CP_Processor/status/1006463148176658435 AND VOTE!
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