NEXT STEP-the expansion of HTC stablecoin protocol in financial derivatives and RAB token
Last updated
Last updated
The definition of an algorithmic stablecoin is: a stablecoin that adjusts the total amount of market token based on an algorithm, increases market supply when the price of the stablecoin is higher than the price of the anchor, and recovers the supply when the price of the stablecoin is lower than the anchor price. Or to provide arbitrage space to balance stablecoin prices. The establishment of this model can be applied to all valuable affairs including fiat money, services and commodities, and controlled by the will of the market and algorithms. The market is also called flexible token.
The above mechanism to ensure the stability of the token price by adjusting the supply is "rebase". It means that When you choose a stablecoin, you can create arbitrage space with the anchor. F
or the first time, HTC.CASH migrated the algorithmic stablecoin protocol to be anchored with HT, realizing the expansion of stablecoin algorithm in financial derivatives. For details, please refer to here.
In the next step, HTC.CASH will cooperate with the community to launch a community exchange to create a financial derivatives exchange based on the stablecoin algorithm: that is, HTC is the stablecoin, and RAB is the exchange platform token to participate in governance and realize the HTC stablecoin agreement Arbitrage and extension on more HECO assets.
Take HT arbitrage as an example:
Here is an explanation of the distribution and use of RAB:
RAB smartcontract：0x190dd97CB031f93fe966501BDBC0bf994454D282
60% RAB will be produced by liquid mining after the launching exchange.
20% will be allocated to the developer community and unlocked in 4 years.
10% will be allocated to investors and consultants unlocked in 4 years.
10% will be airdropped to attract traffic:
HTC.CASH community airdrop: 50,000
Early supporters of the community: 35,000
Community expansion: 200 people total 1000
Airdrops to overseas communities: 5000.
Bounty airdrop: 5000
Basic liquidity: 4000 pieces, injected into mdex.com to provide basic liquidity and will never be removed.
RAB community airdrop: 50,000
Airdrop to the RAB community before RAB starts its liquidity mining.
Among them:
60% is used for liquid mining, supervision address: 0xA14ef0b38686344C51e470918eC215a83B00414E
20% is allocated to the developer community, supervision address: 0xE062319D4AEfC27bD4f723ecc64B9AC3b5Be884c
10% is allocated to investors and consultants. Supervision address: 0xB86c9c634f972aD4053fb1Fd43c3632C4261c6b0
10% is used for airdrop, supervision address: 0x883c0A6147052A99715d2858C9496F95c0FaCaa7
Early support for the community, community expansion and overseas community airdrop tokens have been issued(partly): please refer to the official HTC.CASH telegram group
Bounty airdrop program: bitcointalk released on January 12
Basic liquidity supervision address on mdex.com: https://info.mdex.com/#/pair/0xf6173f90aee25a1f49e8b63f2d618751abd84d48
