U.S. residents can not receive
seigniorage in CENTUS tokens.
*The official launch of Stable Cent (CENTUS) tokens is scheduled for the end of the third quarter of 2019. Now you can participate in the project using a test version of 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 (CENTUS) holders receive additional profit (seigniorage) from CENTUS generated as a result of purchasing by new participants. Seigniorage is also paid in CENTUS.
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 CENTUS from seigniorage, too. More about DBC…
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