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last year in SteemitCryptoAcademy by solexybaba (73)
$2.72
- Past Payouts $2.72, 0.00 TRX
- - Author $1.36, 0.00 TRX
- - Curators $1.36, 0.00 TRX
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I love the way you have carefully presented your post good work.
Just like you I also prefer usdt more guess it's become more suitable no surprise there as it is the number leading stablecoins
Upvoted! Thank you for supporting witness @jswit.
Aside from the fact that your writings are a top notch, you went ahead to provide suitable images.
I admire your work bro, the way you take dey make this post, you no want make another person win? 😂
You have fulfilled all needed criteria to emerge as a winner of this Contest.
You have explained what stablecoins are, and you gave the explanation in your own words, this is great.
Diving into the second segment of your answer, I am impressed at the level of research you made, yes, token burn is one way we can ensure the stability of a token.
During the fall of Terra Luna, I guess there were so many token burn, but unfortunately it couldn't save the token because the burn was done late.
I wish you all the best in this contest 😊
Lolz thank you so much my friend for your warm response.
Na sapa do this one 🤣
I look forward to reading from you.
Omo guy 😂,
I have submitted my entry fee hours ago, if you go to my blog you will find my entry.
All the best bro 🤍
Me gusto el enfoque que le das a tu definicion de moneda estable; no obedece a volatilidad natural, interesante punto. Ciertamente son monedas con alta capacidad de mantener su valor estable, pero también es cierto que pueden perder su estabilidad; Terra Luna es un ejemplo de ello. Excelente participación, éxitos en el concurso
Your post has been supported by @josepha from team 2 of the Community Curation Program, at 40%. We invite you to continue sharing quality content on the platform, and continue to enjoy support, and also a likely spot in our weekly top 7.
Voting date:
You are absolutely right, stable coins have a fixed price stability due to the fact that they are being pegged or tied to a currency, commodity or a cryptocurrency. So, the constant or continuous supply of value from the underlying pegged asset helps stable coins to maintain a stable or fixed price value
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.
You have done a great job, and you know everything about stablecoins coins, I will like to know more from you @solexybaba