There are many reasons why people use crypto. While some people see it as an investment tool, others hold it as an asset. Others also use it for trading and commerce. Whatever reason people have for using crypto coins, the requirements of anonymity and stability must be met.
To provide a stable environment for crypto to thrive, stable coins were developed. The stable is created by Crypcore to solve the problem of volatility within the cryptocurrency market.
An issuing organization can decide to remove its stable coins from circulation at any time. But the Crypcore technology will ensure this problem does not arise. The issuer cannot take the coin out of circulation whenever they choose. Also, the Crypcore will not be pegged, unlike other stable coins. This is where the Crypcore is better than other stable coins in circulation. It is a distinct stable coin that solves the problem of the conventional stable coin.
Another problem with the most stable coins that Crypcore will solve is the issue of over-issuance. Because they are issued just like central banks issue money, they become vulnerable to inflation and over-issuance. But Crypcore can correct all of these problems with the blockchain technology.
Crypcore is a blockchain-enabled platform that wants to introduce a coin that will be more stable and less volatile, with more benefits than the stable coin. The technology has a team of experts looking to make history with a unique product that has not been seen before.
Although stable coins have done well since it was introduced into the crypto market, there are still improvements to be made. Crypcore wants to develop crypto assets that will introduce Crypcore protocols and a solvency system. It wants to ensure price stability in the crypto space by combining crypto digital assets. These crypto assets will be backed by a solvency protocol to ensure price stability.
Crypcore will have a big role to play to manage the prices of Crypcore. The exchange is going to use a solvency equation to set the price of Crypcore. It will be an unconventional method, but it will be very effective as the price will be relatively stable.
Crypcore is also going to be accessible to users who don’t have the technical experience. The Crypcore company will provide wallets for various platforms, including web wallets, hardware wallets, command line wallets, as well as desktop wallets. The company plans to develop iPhone and android wallets after it has completed the development of web wallet. Presently, the web wallet is still undergoing development.
And unlike the stable coin, the Crypcore will not have a big price swing as the market will remain quite stable. There will be less volatility in the Crypcore market because the price will be determined on market conditions.
There are 10 million CRYP tokens available for pre-sell. The tokens will be available through the bounty program. Crypcore is valued at one crypt for 0.005 ETH. It uses the Ethereum platform and accepts LTC, ETH, and BTC. The token is registered in the United Kingdom with a hard cap of $7,000,000 and a soft cap of $3,000,000. Restricted areas include Iraq, Bangladesh, Sri Lanka, Yemen, Afghanistan, USA, and North Korea.
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|Start||December 30, 2019|
|End||January 30, 2020|
The project is one of the most keenly advertised as it has involved a lot of people for its awareness. There is awareness in the developers’ website and across all social media platforms. The project is an interesting one because the company offered to solve a problem that has been within the stable coin community. With the level of commitment the team has shown, it’s looking promising to become a successful project.
TwistedLogiX December 16, 2019 Reply