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Author Topic: [ANN]BSC Tether Stabile Deflation(BTSD)  (Read 69 times)
StabileDeflation (OP)
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May 02, 2022, 06:15:01 PM
Last edit: May 02, 2022, 07:24:09 PM by StabileDeflation
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BTSD or BSC Tether Stable Deflation is first Stabile Deflation token.
https://stabiledeflation.com/res/img/BTSD.png

BTSD is in stabile deflation in relation to USDT. The price of BTSD is constantly rising compared to USDT, and can't falls.

How does it work ?
The BTSD smart contract allows users to swap BTSD and Binance-Peg USDT Token (contract address: 0x55d398326f99059fF775485246999027B3197955).

The starting price is 1 USDT.

The price of BTSD is calculated when the total supply of BTSD tokens is divided with the number of USDT tokens deposited on the BTSD contract address. This is actually the best price at which the contract can redeem all minted BTSD tokens.

Since the contract charges a 0.3% trading fee , this allows the price of the BTSD token to grow relative to the USDT with each swap. Fees are used to increase the price of BTSD.
The initial total supply of BTSD is 0. New tokens will be minted by  swap USDT to BTSD.
Also when someone swap BTSD to USDT, Swaped BTSD tokens will be burned.

I hope I explained it well. If something is not clear to someone, feel free to ask Smiley
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