[ANN] VIGOR crypto-backed stablecoin on EOS

[CryptoVzla]

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

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[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