*The official launch of Stable Cent tokens is scheduled for the end of the third quarter of 2019. Now you can participate in the project using a test version of Stable Cent (CENTUS). By helping us to develop the product at early stage, you can get all the advantages of team members. The cost of 1 CENTUS ≈ 1 US CENT (0,01 USD). Moreover, Stable Cent holders receive profit (seigniorage) in the form of additional Stable Cents from purchases of other participants.
Also, you can purchase a Debit Coin (DBC) token, which is a voucher token that can be converted into Stable Cent. The amount of Stable Cents received per DBC token (the conversion ratio) depends on the strength (demands) of Stable Сent, but it is capped at no more than 500 Stable Cents per 1 DBC. All Debit Coin holders earn extra Stable Cent from seigniorage, too.
Seigniorage style Stable Cent is a stablecoin that implements an algorithmically governed approach to expanding and contracting a stablecoin’s money supply. You can always redeem 1 Stable Cent for 1 U.S. cent (0.01 U.S. Dollar).
By allowing participants to buy and sell Stable Cents, Coinger’s smart contract acts as a market maker. To buy Stable Cent tokens, participants send funds to Smart Contract, where they are kept as a variable reserve. The primary purpose of Stable Cent reserve is to ensure participants ability to sell Stable Cents; the contract will always offer to buy Stable Cents, drawing on funds from the reserve.
Every day, as soon as new participants buy Stable Cents, the smart contract mints new Cents and distributes them among existing DBC and Stable Cents holders on a pro rata basis depending on market demand.
For holders 1 Stable Cent can always be redeemed for U.S. $0.01, giving it a stable price.
Stable Cent is pegged to U.S. cent and the amount of currency in circulation is set by a smart-contract in accordance with market demand.
Stable Cent 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 Stable Cents at a conversion ratio of 0.01 U.S. Dollars for 1 Stable Cent
3. Get daily additional Stable Cents from other member’s purchases