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/biz/ - Business & Finance

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8114272 No.8114272 [Reply] [Original]

I have stumbled across USDX a new project which looks very promising. It is attempting to create a stable coin. It looks like a robust project with backing by Patrick Dai from Qtum and looks set to revolutuinize the concept of stable coins. It looks like it will ICO at the end of the month. It is essentially trying to create a decetralized central bank on the blockchain which will algorithmically expand and contract the money supply according to the market sentiment. Worth a look. Want to here people's thoughts.

https://usdx.money/

>> No.8114316
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8114316

chink DAI clone
hmm

>> No.8114426

Read there whitepaper - similar to dai in the sense it wants to create a stable coin - However, very different way of doing it. Check bottom of pg 11 of the white paper - If this moons holy shit that is huge potential - your one investment could give you multiple stable coins!!!