How ORCS enforces price-stability without collaterals ?

in cryptocurrency •  6 years ago 

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ORCS implements price stability by leveraging unprecedented power of its underlying realtime unforkable federated blockchain Starcash of Orch Network [1]. Starcash being infinitely-scalable as well as divisible enables ORCS to dynamically expand and contract the total coin supply in response to sharp increase or drop in its price relative to target indices, variables and assets. ORCS subprotocol of Orch implements a coin split (like a stock split) as a mechanism of this dynamic money supply policy. For example, if John holds 1 ORCS and demand for the stablecoin rises, the
system would electronically change John’s balance to 1.03 ORCS in his ORCS Orch-powered mainnet wallet. For a contraction, a “reverse coin split” would change his balance from 1 ORCS to 0.97 ORCS.

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Syper

sounds to good to be true :D

  ·  6 years ago (edited)

why do you say that? Please visit https://orcs.fund and or telegram group at https://t.me/ORCS_Stablecoin and buy some Orch(ORC) tokens at https://orch.network. All ORC tokens holders with 1 Million token balance will automatically get equivalent ORCS stablecoins on pro-rata basis.

  ·  6 years ago (edited)

And please change your Weltanschauung. Truth is greater and more more wonderful than greatest fantasies.