About Himegami Protocol

1 KGR = 1 YEN
1KRG is pegged by 1 Yen. KGR uses a mechanism called rebase and automatically adjusts the supply amount of KGR every 1385 minutes with a smartcontract program. By adjusting the supply amount, we will pegging 1ＫＧＲ≒１yen Unlike traditionally centralized projects, it is impossible for themanager (us)to release tokens optionally. KGR is Japan's first Yen peg currency that is completely fair and transparent.

Shinobi wallet is updated to 1.3.1

There are two ways to update.

• How to update follow the pop-up displayed in the shinobi wallet.
• How to update directly from the Appstore or Play Store.

You can update your Shinobi wallet in the above way. Let’s take a look at the newly changed Shinobi wallet. Firts the UI of the. setting has been changed.(Please see the attached picture to compare before and after):

The left is the past Shinobi wallet, and you can see that the current Shinobi wallet of 1.3.1 on the right is easier to see and better in design than in the before The second finance item has a UKH conversion function. This makes it possible to convert from sUKH to bUKH and from bUKH to bUKH. When converting from bUKH to sUKH, be careful because the number will be halved. In addition, the rest of the functions of the finance item will be added step by step.

Many stablecoin protocols have become too dependent on one model (entirely collateralized) or gone to the other extreme (entirely algorithmic with no backing). Collatralized stablecoins either carry custodial risk or requireon-chain overcollateralization. These models provide a stablecoin with a fairly tight peg with higher confidence than purely algorithmic designs. Purely algorithmic designs such as Basis, Empty Set Dollar, and Seigniorage Shares provide a highly trustless and scalable model that captures the early Bitcoin vision of decentralized money but with much-needed stability.

KGR Mechanism

KGR is a synthetic asset that pegs its target price (tp) to 1 Japanese yen (¥). The Himegami functions to ensure that KGR market price (mp) is equal to target price (tp). When KGR is in a state of disruption, and its market price does not perfectly reflect Japanese yen, it must reconcile to reach a state of equilibrium. This is achieved through programmatic expansion / contraction of the total KGR supply, made possible through an elastic supply protocol. These supply expansions or contractions are called rebases. KGR is an algorithmic stable token that is roughly stable at ¥1 (1 Japanese Yen) due to automatic adjustment of issuance amount and partial collateral system. The rebase mechanism will be less volatile depending on the cumulative number of new issues. When the market price (mp) = target price (tp) KGR is in a state of equilibrium. Its price perfectly reflects Japanese yen. When market price (mp) ≠ target price (tp) KGR is in a state of disruption. Its price does not perfectly reflect Japanese yen.

The Himegami protocol aims to function as a synthetic asset which represents speculation on the price of Japanese yen (¥). This is made possible through an elastic supply characteristic and programmatic rebasing protocol which incentivize market actors to drive KGR token price to its target (peg) price.

sUKH & bUKH

• sUKH
  [s] stands for stock and sUKH functions as a stock. The maximum supply of sUKH is 250 million
  tokens. A major feature is that 70% of Shinobi Wallet’s sales is distributed. It is also a special benefit of sUKH owners to have the right to vote for decisions on partnership projects, developmentteams, etc. In addition, there are other services such as: granting iznm tokens by staking, discounting commissions at the time of exchange depending on the amount of UKH held.

• bUKH
  [b] stands for bonds and bUKH functions as corporate bonds. The maximum number of issued sheets is 500,000,000 including sUKH. bUKH’ dividend is different from sUKH. Specifically, when you own more than 100 bUKH, 3% of the monthly interest will be distributed at KGR ( during staking ). You also can acquire the right to advertise in the wallet and become an advisor of predicting the market (sold at auction). In addition, there are other services such as: granting iznm tokens by staking, discounting commissions at the time of exchange depending on the amount of UKH held.

Check out for more details

• Website: https://himegamiprotocol.org/
• Twitter: https://twitter.com/himegami_pro
• Telegram: https://t.me/himegamiprotocol
• Instagram: https://www.instagram.com/himegami_official/?utm_medium=copy_link
• Medium: https://himegamiprotocol.medium.com/

Author

• Bitcointalk username: lovekkk
• Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2868300
• POA: https://bitcointalk.org/index.php?topic=5362529.msg58050138#msg58050138