How it is different from other cryptos?
USDT is also pegged at dollar value
We have a technology to hedge against crypto volatility in our platform so we dont have any fluctuation in our platform.
Boon Tech has a patent pending technology to obtain stability in out platform.
Boon Tech developed Boon Dollars use similar mechanism as that used in convertible notes. Convertible notes can be described as short-term debt instruments, the price of which will be determined in the future for converting into ownership.
Boon Dollars allows to easily convert them at market price into dollars immediately , but that does not mean it will be a reliable dollar replacement. The liquidity of assets can be enhanced when the conversion between Boon Coin and Boon Dollars which happens instantaneously.
Blockchain has to find measures to prevent abuse, which will end up lowering the of the convertible dollars. Rewards are given to liquidity providers to compensate for this loss of quality.
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