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DollarBalance.cash: It is a new type of peer-to-peer decentralized algorithm stable currency
It integrates ESD+BAC+USDX multiple stable currency solutions, integrates the excellent parts, removes the bad design, and adds Many new token stabilization mechanisms (algorithms) have been introduced, laying the foundation for the innovation of the next generation of stablecoins.
DollarBalance Cash (DBC) is an algorithmic stable currency that provides elastic supply based on the trading market. The target value is 1DBC=1 US dollar, and the supply is unlimited.
For the incentive of DBC inflation, we refer to the distribution mechanism of USDX and make adjustments at the same time. Unlike BAC and ESD, DBC does not give most of the inflation tokens to DBS holders, but chooses to incentivize DBC users. Users who use DBC are the key to healthy growth of the system.
Of course, we are also different from USDX, we believe that DBS holders are equally important, and they also contribute to the development of the project, so we increase the inflation reward of DBS holders from 5% to 25% ; But we still hope that DBS holders should focus on the long-term benefits of the project rather than short-term benefits.