[ANN] VIGOR crypto-backed stablecoin on EOS

[hyudien]

Is the concept vigor stable coin only work in the platform and buyer just from the team or something else to keep the price not faling down or grow up? Still don't understand with the stable coin concept.  Then how to return it??? And where to exchange vigor to our fiat??

Regards
Hyudien

[1713879446]

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[1713879446]

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[1713879446]

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[kesmex]

I don't know if I really believe in projects that use the EOS platform, surely you all know that the Mycryptobank project was done in 2019, the project failed, why doesn't Vergo use Ethereum platform?

[CryptoVzla]

Is the concept vigor stable coin only work in the platform and buyer just from the team or something else to keep the price not faling down or grow up? Still don't understand with the stable coin concept.  Then how to return it??? And where to exchange vigor to our fiat??

Regards
Hyudien

user deposits EOS tokens as collateral and borrows vigor stablecoin.
later can return the vigor stablecoin and retreive the EOS tokens.
the vigor stablecoin may trade on a dex near $1 because there may be confidence that there is always $1 worth of crypto held as collateral

[indo1]

<snip
how are you going to determine their honesty?

I have no Idea, can u give some suggest?

<snip>
a third party escrow like the ones available in the forum is more reliable than their internal escrow at the initial phase of the project.

absolutely agree with your opinion, that we (on this forum) have a lot of reliable escrow service.

my question about 3rd party escrow is just a bit sarcasm question btw 

Does the amount of collateral have to be adjusted to the loan or is there something to be calculated like for example, I have an EOS asset of $ 100, am I allowed to borrow more than $ 100? Or what, I want to launch but I don't really understand the VIGOR platform's performance, if you don't mind can someone here explain in detail to me

[necromastery]

I don't know if I really believe in projects that use the EOS platform, surely you all know that the Mycryptobank project was done in 2019, the project failed, why doesn't Vergo use Ethereum platform?

Oh come on, project got failed not because of the platform they use, it's all depends on how their team manages it. Just because you didn't not believe in EOS platform, don't think another person will think also like that, I'm sure there should be a good reason why he choose this platform.

[cabron]

Is the concept vigor stable coin only work in the platform and buyer just from the team or something else to keep the price not faling down or grow up? Still don't understand with the stable coin concept.  Then how to return it??? And where to exchange vigor to our fiat??

Regards
Hyudien

user deposits EOS tokens as collateral and borrows vigor stablecoin.
later can return the vigor stablecoin and retreive the EOS tokens.
the vigor stablecoin may trade on a dex near $1 because there may be confidence that there is always $1 worth of crypto held as collateral

The concept is almost the same thing with the Maker DAI. Its the smart contract that manages this peg. I'm not sure the tech details of this but as far as I understood half of the value of the EOS will only be the credited VIG stablecoin. ITs good to also have this project, must be needed for the future defi.  What I don't understand though is that there is no team profiles in the website.

[indo1]

Is the concept vigor stable coin only work in the platform and buyer just from the team or something else to keep the price not faling down or grow up? Still don't understand with the stable coin concept.  Then how to return it??? And where to exchange vigor to our fiat??

Regards
Hyudien

user deposits EOS tokens as collateral and borrows vigor stablecoin.
later can return the vigor stablecoin and retreive the EOS tokens.
the vigor stablecoin may trade on a dex near $1 because there may be confidence that there is always $1 worth of crypto held as collateral

The concept is almost the same thing with the Maker DAI. Its the smart contract that manages this peg. I'm not sure the tech details of this but as far as I understood half of the value of the EOS will only be the credited VIG stablecoin. ITs good to also have this project, must be needed for the future defi.  What I don't understand though is that there is no team profiles in the website.

It appears that the VIGOR project has a large mission and to create all of those missions, the team must work hard again because it is not as easy as thought, and the community needs trust in the VIGOR project before the launch is fully launched, by providing information on who the characters are in the project VIGOR

[CryptoVzla]

What I don't understand though is that there is no team profiles in the website.

the website is not fully launch, our teams is TOP 21 custodians who getting vote what on their working on..
we will published all team image on website hopefuly after mainnet launch and getting ready to kick-start VIGOR project!

if you need information, feel free to join vigor telegram, we provide everything you want to know on telegrm

[as9ardia]

the website is not fully launch, our teams is TOP 21 custodians who getting vote what on their working on..
we will published all team image on website hopefuly after mainnet launch and getting ready to kick-start VIGOR project!

Oh, so the website hasn't been officially launched yet.
No wonder I found some errors on Vigor website.
I hope that this will be fixed soon with the composition of the team in this project.

Personal Question: Are u part of Project Development Team?

[necromastery]

the website is not fully launch, our teams is TOP 21 custodians who getting vote what on their working on..
we will published all team image on website hopefuly after mainnet launch and getting ready to kick-start VIGOR project!

Oh, so the website hasn't been officially launched yet.
No wonder I found some errors on Vigor website.
I hope that this will be fixed soon with the composition of the team in this project.

That's also what I think since if it's officially launched, surely it has passed the test so bugs or errors are rarely to be found. However, I will surely join the telegram group to get more information about Vigor, I think there will a quick way to get information.

[indo1]

the website is not fully launch, our teams is TOP 21 custodians who getting vote what on their working on..
we will published all team image on website hopefuly after mainnet launch and getting ready to kick-start VIGOR project!

Oh, so the website hasn't been officially launched yet.
No wonder I found some errors on Vigor website.
I hope that this will be fixed soon with the composition of the team in this project.

That's also what I think since if it's officially launched, surely it has passed the test so bugs or errors are rarely to be found. However, I will surely join the telegram group to get more information about Vigor, I think there will a quick way to get information.

I will see more clearly if their platform has been tested and officially launched, when I feel comfortable using the VIGOR platform I will use it for my alternative ways to borrow some money and return it according to the regulations listed, hopefully the Vigor platform can become my alternative tool and I will invite my friends to use the VIGOR platform

[hyudien]

-snip-

user deposits EOS tokens as collateral and borrows vigor stablecoin.
later can return the vigor stablecoin and retreive the EOS tokens.
the vigor stablecoin may trade on a dex near $1 because there may be confidence that there is always $1 worth of crypto held as collateral

So the price is based on the dollar and does not depend on EOS Token prices, isn't it? Then we should return it using EOS token or we can using whatever we have as many as we have borrowed it?

[CryptoVzla]

So the price is based on the dollar and does not depend on EOS Token prices, isn't it? Then we should return it using EOS token or we can using whatever we have as many as we have borrowed it?

you can use eos for borrow, if the eos price was 3$ at the time, then you can borrow 3 VIGOR stablecoin , collateral should be 1.11 from amount of borrow.

-snip

the Vigor app is live on the jungle test net!  come test it out and get familiar with the platform before it goes live on the main net here:   
http://app.vigor.ai   
join the VIGOR borrow and earn community! http://t.me/vigorstablecoin

[hyudien]

How about guarantee? Can we use another crypto? Like token in pre ico or in ico?