Main Banner

KNOX Dollar

Launch Date: 23 May 2024

0x0bbf...397595
Votes
0
( You can vote once every 24 Hours. )
What's your opinion on KNOX Dollar's performance today?
0
0
0
0
0
0
0

Tokenomics

No data available

Contract Info

0

Total Supply

0

Circulating Supply

No

Ownership Reannounce

No

Mintable

0 %

Sell Tax

0 %

Buy Tax

0 %

Liquidity Tax

0 %

Marketing Tax

0 %

Dev Tax

0 %

Other Tax
No data available

KNOX Dollar

KNOX

0x0bbf664d46becc28593368c97236faa0fb397595

The Reserve protocol is the first platform that enables the permissionless creation of asset-backed, yield-bearing, and overcollateralized stablecoins on Ethereum. Its ultimate goal is to provide highly scalable, decentralized, and stable money, offering an alternative to the volatile cryptocurrencies such as Bitcoin and Ether. Many existing stablecoin designs have clear flaws, as detailed in the 2018 Reserve protocol whitepaper. We argue that a widely used stablecoin should initially implement an exchange rate peg to a fiat currency, transitioning to a basket of assets later. This approach involves using off-chain foreign collateral that has been tokenized by a variety of issuers. Moreover, we believe that open exploration and competition are key to discovering the best type of asset basket and governance system for optimal on-chain money. This should not remain under the control of the initial founding team. Therefore, the Reserve protocol is entirely permissionless, allowing anyone to deploy a Reserve stablecoin (RToken) with their preferred collateral basket, governance system, and revenue distribution. Explore the potential of the Reserve protocol and join the revolution in creating decentralized, stable money.

What do you think about KNOX Dollar?

Ratings:

0
0%
Excellence
0%
Love It
0%
Average
0%
Don't like it
0%
Its spam

Reviews:

Image not available
No Reviews yet

Since there are no reviews available for this token, you have the opportunity to be the first to contribute your review.

Let's submit your review
submit review arrow down