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RE: STEEMIT CRYPTO ACADEMY S8W2 - WHAT ARE STABLE COINS

in SteemitCryptoAcademy2 years ago

I admire your creative and interesting ideas, especially in the case of how to ensure the management of stable prices.

Token burn, as well as pegging of coin to fiat is excellent friend. And the algorithm used to design a coin plays a very vital role in it's performance.

Most stablecoins uses algorithms to monitor market conditions and adjust the supply of the coin accordingly, as well as issuing additional coins in order to create more demand.

Generally, you have presented a an excellent post, and I enjoyed reading from you. Goodluck in this contest brother.

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