[ANN] VIGOR crypto-backed stablecoin on EOS

[CryptoVzla]

Deleted, looks like suck project that accusing many thing to someone

[1714794991]

1714794991

[1714794991]

1714794991

[watergold]

VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?

[CryptoVzla]

VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?

yes , price vigor will be 1$ usdt per vig, but the collateral will be eos since its working based on eos network !
feel free to write any question you have, for more information could be found on our website & telegram group, all information are provided on website & telegram group

[Javi_Anibarro]

So this project is using the same concept as MakerDAO or DAI? When the competitor accepts major cryptocurrency as collateral to widen the scope of the project, this project on the other hand restricts its scope around EOS ecosystem. Why did you do that? Why limit your grow if you can try to do something big?

[Raflesia]

VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?

yes , price vigor will be 1$ usdt per vig, but the collateral will be eos since its working based on eos network !
feel free to write any question you have, for more information could be found on our website & telegram group, all information are provided on website & telegram group

Why in the Newdex exchange is the price of VIG so cheap at $0,0007 or 0,000292 EOS? where is the stable price ??
Actually, I just heard about a stable EOS network token, and it hasn't been there yet in my opinion.
So what about the current cheap VIG price?

[CryptoVzla]

Why in the Newdex exchange is the price of VIG so cheap at $0,0007 or 0,000292 EOS? where is the stable price ??
Actually, I just heard about a stable EOS network token, and it hasn't been there yet in my opinion.
So what about the current cheap VIG price?

for your information, we have 2 diffrent token which named VIGOR & VIG.

VIG : governance token that used to pay all custodians and candidates who contribute on vigor project  , you can join our telegram and learn how to become custodians

VIGOR : Stablecoin that will used on lending platform, still under development.. its not release on mainnet yet...

the token that you see traded on newdex is our governance token, not stablecoin token

[Cimmy_revenger]

for your information, we have 2 diffrent token which named VIGOR & VIG.

VIG : governance token that used to pay all custodians and candidates who contribute on vigor project  , you can join our telegram and learn how to become custodians

VIGOR : Stablecoin that will used on lending platform, still under development.. its not release on mainnet yet...

the token that you see traded on newdex is our governance token, not stablecoin token

So , VIGOR likely USDT or not sir ?
I became confused, so many stablecoins circulating in the market.

[ronaldo40]

i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

[Sterbens]

i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

It looks like the VIGOR coin hasn't been released yet so we can only wait for the update.
Actually there are also many question marks about VIGOR's support, whether by fiat money or other support.
Is it possible that VIGOR will be like other coins?

[Javi_Anibarro]

i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

It looks like the VIGOR coin hasn't been released yet so we can only wait for the update.
Actually there are also many question marks about VIGOR's support, whether by fiat money or other support.
Is it possible that VIGOR will be like other coins?

If you read their whitepaper you should see that they are using the same concept as MakerDAO with collateralized debt position. You get the stablecoin if you are collateralizing your EOS,  the stablecoin is backed by real assets and the price gets maintained using it. But the problem is, why did the project only limit on EOS?

[CryptoVzla]

i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

Eos will be crypto that backed VIGOR to become stable coin, you can lend eos with VIGOR collateral & you also can lend VIGOR with eos collateral
since VIGOR value will be set to 1$ , feel free to join our telegram to ask more question regard VIGOR stable coin...

or you can read our whitepaper though

[ronaldo40]

Eos will be crypto that backed VIGOR to become stable coin, you can lend eos with VIGOR collateral & you also can lend VIGOR with eos collateral
since VIGOR value will be set to 1$ , feel free to join our telegram to ask more question regard VIGOR stable coin...

or you can read our whitepaper though

so that means there is an escrow that holds the EOS that will be used for backed the VIGOR?
where we can see that?

[CryptoVzla]

so that means there is an escrow that holds the EOS that will be used for backed the VIGOR?
where we can see that?

Yes, platform will be the escrow for those who wish to borrow or give for people.
and MVP is on tested , if you want to watch how its work it feel free to join our telegram, we have making test jungle of vigor borrow

[CryptoVzla]

i would like to invited people from any country to help us try mvp3

VIGOR Stablecoin Tutorial on jungle testnet (MVP3) Dec 31, 2019

1 How to be an insurer and earn VIG
2 How to borrow VIGOR stablecoin
3 How to borrow EOS against stabelcoin (for short selling)

https://drive.google.com/file/d/1TFMOIGOl4WkaKmeAE4WmhrhOcULM7a4D/view?usp=sharing

[terciduk123]

If you read their whitepaper you should see that they are using the same concept as MakerDAO with collateralized debt position. You get the stablecoin if you are collateralizing your EOS,  the stablecoin is backed by real assets and the price gets maintained using it. But the problem is, why did the project only limit on EOS?

Right, actually it will be easier if it does not limit to EOS, but also accept other coins such as Bitcoin, Ethereum, and several other popular coins.

for your information, we have 2 diffrent token which named VIGOR & VIG.

Why did you make 2 coins? VIG & VIGOR
wouldn't it be easier to maintain utility and price stability if you only have 1 coin

[indo1]

i would like to invited people from any country to help us try mvp3

VIGOR Stablecoin Tutorial on jungle testnet (MVP3) Dec 31, 2019

1 How to be an insurer and earn VIG
2 How to borrow VIGOR stablecoin
3 How to borrow EOS against stabelcoin (for short selling)

https://drive.google.com/file/d/1TFMOIGOl4WkaKmeAE4WmhrhOcULM7a4D/view?usp=sharing

Does the loan have certain conditions or other things that must be given to VIGOR?
So what is the solution if the borrower does not return it? Are there any legal entities listed in the Vigor Project? Maybe my question is a little confusing but I really want to know about it because of course no one wants to lose money on both sides, the borrower and the lender, sorry I'm still too unfamiliar with the vigor project

[tippytoes]

i would like to invited people from any country to help us try mvp3

VIGOR Stablecoin Tutorial on jungle testnet (MVP3) Dec 31, 2019

1 How to be an insurer and earn VIG
2 How to borrow VIGOR stablecoin
3 How to borrow EOS against stabelcoin (for short selling)

https://drive.google.com/file/d/1TFMOIGOl4WkaKmeAE4WmhrhOcULM7a4D/view?usp=sharing

Does the loan have certain conditions or other things that must be given to VIGOR?
So what is the solution if the borrower does not return it? Are there any legal entities listed in the Vigor Project? Maybe my question is a little confusing but I really want to know about it because of course no one wants to lose money on both sides, the borrower and the lender, sorry I'm still too unfamiliar with the vigor project

There will always be some restrictions on borrowing VIGOR because if they will not put some sort of collateral, they will easily lose the business. And with this project, the collateral is EOS native tokens.



While the lenders, which I think, they call, Insurers, escrow EOS native tokens as their insurance assets-



Now, the question is, how reliable is the escrow on both sides? How can they assess that trustworthiness of the escrow?

[as9ardia]

Now, the question is, how reliable is the escrow on both sides? How can they assess that trustworthiness of the escrow?

exactly, I guess it would be better if the developer teams also opened to the public the escrow wallet address if they act as an escrow.
else, if the escrow using 3rd party, then how to become verified escrow on this platform?

[CaVO32]

Now, the question is, how reliable is the escrow on both sides? How can they assess that trustworthiness of the escrow?

exactly, I guess it would be better if the developer teams also opened to the public the escrow wallet address if they act as an escrow.
else, if the escrow using 3rd party, then how to become verified escrow on this platform?

that is actually a good question. also, even if they put in public the escrow's address, how are you going to determine their honesty? that they will act as agreed. 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.
however, i don't think they will use such third party services as it will be additional burden for their implementation. also, if they have codenames only, are they going to disclose their addresses that contain their assets?

[as9ardia]

<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 

[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

[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?