HOUBI TOKEN ANCHOR CASH (RAB): The First Stablecoin on HECO!
deflation of the Huobi token anchor cash.
The inflation algorithm on Huobi ecosystem chain helps in preventing sudden inflation and deflation as the HTC cash token is pegged to the traditional Huobi token (HT) at 1:1, the safe haven mechanism allows holder to swap HTC for Huobi Bond token (HB) when ever HTC is below the price of HT, and then can be later used to purchase HTC at 1:1 to the price of HT thus preventing holders and investor like from high marginal loss.
HUOBI ANCHOR CASH TOKENOMICS
The Huobi ecological chain backs 3 different huobi assets which are all HRC20 form of token with distinct functions. The three types of tokens on the Houbi ecoligical chain includes the Huobi token anchor cash (HTC), Huobi token share (HTS) and the Huobi token Bond. As stated above, each token performs different roles, the Huobi token share can be used by investors for staking i.e Huobi token share (HTS) can be locked away by investor over a period of time in a bid to get a share of the board staking inflow from the inflation of HTC. Huobi bond (HB) on the other hand is issued as a safe haven when the price of HTC is below the pegged 1:1 to HT and allows investor to repurchase HTC at 1:1 of HT once price is back up.
HTC ticker is (RAB).
HT ANCHOR CASH stabilization mechanism
Huobi anchor cash stabilization mechanism is the algorithm responsible for the stable nature of HTC and ensures the 1:1 pegged standard to HT by using the Huobi token bond to check both deflation and inflation of price.
For more information and resources;
https://htanchorcash.gitbook.io/htc/#ht-anchor-cash-stabilization-mechanism
#HTCCASH #HTC #DEFI #HECO #HuobiEcochain
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