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DollarBalance.cash: is a new type of peer-to-peer decentralized algorithmic stablecoin.
It integrates elements from various stablecoin schemes such as ESD, BAC, and USDX, consolidating the best parts while eliminating flawed designs. Additionally, it introduces numerous new token stabilization mechanisms (algorithms), laying the groundwork for the innovation of next-generation stablecoins.
DollarBalance Cash (DBC) is an algorithmic stablecoin that provides elastic supply based on market transactions, targeting a value of 1DBC = 1 USD, with no upper limit on its supply.
For DBC inflation incentives, we have taken inspiration from the distribution mechanism of USDX, making adjustments where necessary. Unlike BAC and ESD, DBC does not primarily incentivize DBS token holders with the majority of inflationary tokens; instead, it rewards DBC users. The users of DBC are the key to the systems healthy growth.
However, we also differ from USDX in our belief that DBS holders remain crucial, having contributed to the projects development. Therefore, we have increased the inflation reward for DBS holders from 5% to 25%; however, we still encourage DBS holders to focus on long-term benefits rather than short-term gains.
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