Sounds too good to be true that Zero Volatility Mechanism.
It probably can be successful at the early stages, but when project evolve to a higher level, this safety mechanism will probably fail.
High volatility is the reason why people are attracted to crypto world, searching for the promise of high return.
You are promising very opposite of that.
This project will surely be interesting to follow.
I might be jumping to conclusions, havent read whitepaper in complete yet, apologize uphead for any bad moods, caused by my words.
Yes,
orio.io is surely going to be interesting! Below is more information about the
ZERO VOLATILITY RESERVE MECHANISM.
The ORIO token is an open source token conversion protocol based on smart contracts enabling. The price-discovery mechanism of the ORIO token is designed as follows:
➔ A key component is a Zero Reserve Volatility (ZVR) — a reserve ratio set by the creator of a smart ORIO token.
➔ The price is calculated based on ZVR, the smart ORIO token’s current supply and reserve balance:
Price = Balance
Supply × ZVR
➔ Smart ORIO tokens can be purchased or liquidated (sold) at any time directly through their smart contracts
➔ The model is designed in a way that the current price of the token is constantly readjusted towards an equilibrium between the purchase and liquidation volumes. As a result, the price of the smart token is calculated over time, following every order, instead of being determined by two matched orders in real-time.
A BRIEF DETAIL OF HOW IT WILL WORK Anytime an ORIO token is sold, it would normally bring the price down. But in our case, funds from the ZVR reserve are used to purchase the equivalent of the sold token which makes the token to keep its original value. When an ORIO token is purchased, the ORIO token value automatically increases.
This process will occur once every week. If the total amount of tokens sold during that one week timeframe is larger than the amount of tokens bought, the funds from the ZVR will be used to equilibrate its initial value at the beginning of that week. If the amount of tokens bought during that one week timeframe is larger than the amount of the tokens sold, the token's value increases automatically without using fund from the ZVR funds.
The ZVR funds will gradually increase overtime with profit from operations such as those talking place on fee payment processing platforms, ORIO coupons platform, occasional sales of ORIO tokens saved in the reserve.
Definitely, the ZVR mechanism has been created to make ORIO a token that only increases in value. We are the only token with such a mechanism and we plan to file a patent for the ZVR reserve mechanism.
**** Initial ZVR supply will be 300,000 ETH.
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