You are using the fees to stabilize the price, then what will happen if the fees are not able to stabilize the price? and then what will happens if the price fluctuate a lot?
do not you think it is strange named it as a stable coin if the price fluctuate a lot?
and is there any reason for not showing the team members behind this project?
At the early stages prices are not expected to be "stable", But as the clients and customers grow in number we will be able able to stabilize the price. We do not think of stability as pegging against a fixed price, we think of stability as a way of reducing the losses, by increasing collateral we can do that.
We are choosing bitcoin, ethereum, dash, monero as the coins to use for collateral. If we peg our prices against these coins then our coins will perform exactly as they do, actively trying to increase the crypto collateral means that losses are reduced and gains are multiplied. When prices go up Crypcore holders gain more and when it goes down they lose less.
If the prices falls too much then there is a risk that there will be losses but if the collateral is increased then it will always fare better than other crypto assets.
Think of this project as occupying the space between a regular crypto asset like bitcoin and a stable coin like tether.
We only have two team members at this point in time some positions are yet to be filled.
There are already some popular stable coin in the market. For example: USDC
So, why anyone would choose cryptocore? What makes is greater than other stable coin?
The team at Crypcore thinks of stability differently. What we are trying to do is make the price stable relative to regular crypto assets, reduce the losses due to price swings and multiply gains when the Market is bullish.
To understand the way we see stability look at the price of gold, it was approximately $270 in 2000 but it is now approximately $1480. We do not intend to peg the price , we simply wish to make it stable compared to other assets and multiply the gains in the long run.