CENTUS Stable Cent holders receive profit (seigniorage) from CENTUS generated as a result of purchasing by new participants.
Seigniorage style Stable Cent (CENTUS) is a stablecoin that implements an algorithmically governed approach to expanding and contracting a stablecoin’s money supply. You can always redeem 1 CENTUS for 1 US CENT (0.01 U.S. Dollar).
By allowing participants to buy and sell CENTUS, Coinger’s smart contract acts as a market maker. To buy CENTUS tokens, participants send funds to Smart Contract, where they are kept as a variable reserve. The primary purpose of CENTUS reserve is to ensure participants ability to sell CENTUS; the contract will always offer to buy CENTUS, drawing on funds from the reserve.
Every day, as soon as new participants buy CENTUS, the smart contract mints new CENTUS and distributes them among existing DBC and CENTUS holders on a pro rata basis depending on market demand. More about how it works…
For holders 1 CENTUS can always be redeemed for 1 CENT US ($0.01), giving it a stable price.
CENTUS is designed for micropayments and can satisfy the primary functions of money, as a store of value, a medium of exchange, and a unit of account.
1. Sign in to your Stellar account or create a new one with any cryptocurrency exchange or wallet you trust
2. Convert your assets into CENTUS at a conversion ratio of 0.01 U.S. Dollars for 1 CENTUS
3. Get daily additional CENTUS from other member’s purchases
U.S. residents can not receive
seigniorage in CENTUS tokens.