SuperNova.Cash (Supernova Cash) is an important part of the experimental algorithmic stablecoin multiverse built by HIGGS NETWORK. In the supernova universe, all participants will experience the origin, expansion and stability of the universe and the birth, evolution and annihilation of many algorithmic stablecoin planets. In the past, stablecoin agreements often only included one of the pure mortgage model or the completely unsecured model (algorithm stability). Purely collateralized stablecoins either require over-collateralized assets on the chain, or have custody risks, and the application scale is limited by the amount of collateralized assets; but these designs can indeed provide a fairly stable fixed exchange rate and have a certain degree of credibility. Completely unsecured (algorithmic) stablecoins make up for the shortcomings of purely collateralized stablecoins, requiring no trust, scalability, etc.; however, excessive fluctuations in exchange rates limit their application scenarios. Supernova Universe will embrace both of these stablecoin design patterns and open them up in different stages.
SuperNova.Cash is composed of sCASH/SHARE dual-token model and price stabilization fund sFUND,
sCASH: 1:1 algorithmic stablecoin anchored to USDT (HECO).