Collateral algorithmic stablecoin Timvi running in test mode
September 18 in the test mode, the pledge algorithmic stablecoin Timvi (TMV). As part of the start of the project, a bounty program with rewards up to$15,000 is provided.
When you create a token TMV developers have the problem of existing stablecoin, audit-related, questions of centralization and trust. TMV is a pledge token with a target price of$1. Each token is oversupplied with deposits in ETH of ecosystem participants. Any participant can check the security of any token, and the stability and emission of tokens are determined by the TMV algorithm.
Due to the introduction of the portfolio capitalization mechanism, developers not only ensure the stability of the token, but also give users the tools to earn money both in the growing and falling market.
Conversion of ETH in TMV occurs in the repository TBox is a special blockchain account ecosystem TMV. Tbox owner can withdraw available funds to ETH, close or transfer TBox to another user at any time. In case of closure, the issued TMV are burned and the Deposit is returned in ETH. The exchange rate is TMV / USD, set at 1 TMV = 1$.
With the fall of the ETH security TBox falls and the owner is required to carry out the recapitalization and Deposit TBox ETH or TMV. Otherwise, its TBox goes into the category of “toxic” and can be capitalized by another user who receives a Commission in ETH from the Deposit Packed in TBox in the amount of 1% to 6% of the amount of capitalization. With the growth of the ETH rate and a proportional increase in the security of the system as a whole, the owner of TBox can withdraw more TMV into dollars or fix a profit.
Ecosystem Timvi will be interesting to many participants in the crypto-community, professional traders, institutional investors, family office and crypto-enthusiasts. In the future, the developers plan to implement an analogue of options, create opportunities to work with the partner network, develop tools for decentralized exchanges, open API for third-party developers.
Published at Sat, 21 Sep 2019 06:16:06 +0000
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