Bitcoin (BTC), the first cryptocurrency, was created to provide decentralized services to users. It achieved this with the aid of blockchain technology. However, over time, this digital currency, like many other digital assets, became prone to massive fluctuations in price.
Bitcoin and other cryptocurrencies were a poor store of value due to their volatility, which caused their value to fluctuate rapidly. Stablecoins were launched as a solution to this problem.
Generally, stablecoins are cryptocurrencies whose value is pegged closely to the value of an underlying asset. This underlying asset is likely fiat currency as its value is relatively fixed.
Most stablecoins are aligned to the US dollar. The pegging of stablecoins, however, brought up an underlying flaw. Cryptocurrencies are supposed to be fully decentralized. However, fiat is a centralized digital asset managed by a central body.
This brings to question the degree of decentralization possessed by Stablecoins. As a result of this, a new type of stablecoin was developed. These are Algorithmic Stablecoins.
Algorithmic Stablecoins are undercollateralized crypto assets. They have no physical reserve to maintain their value. Instead, algorithms regulate their value.
These conditional instructions maintain the value of the stablecoins by controlling the demand and supply of the token. The Adirize (ADI) crypto project aims to provide its holders with a fully decentralized stablecoin.
What Is Adirize (ADI) DAO?
Adirize (ADI) is an Ethereum (ETH) -based project. It issues its native token with ADI as its ticker symbol.
ADI is an Algorithmic Stablecoin. It is managed democratically by its crypto community. It has no physical fiat reserve to maintain its value. The algorithm can create and burn tokens in circulation to keep their value stable.
If the price of ADI goes above its price, the supply of ADI will increase, lowering the price. When the price falls below its pegged price, the tokens in circulation will be burned to bring back the price.
The minting and burning process will be proportional to the deviation from its pegged price. $ADI will be the first stablecoin to offer absolute decentralization to crypto users.
How Does ADI Intend To Thrive In The Coin Market?
Near protocol is software that facilitates the operation of decentralized applications. This platform is known as a close competitor of the Ethereum blockchain. The Near Protocol (NEAR) also offers fast transactions of up to 4500 transactions per second.
The secret behind its fast transaction is its utilization of Sharding Technology. This involves splitting transaction verification into smaller fractions for efficiency and speed.
Near protocol (NEAR) uses a Proof-Of-Stake system managed using smart contracts. It issues its native utility token, “$NEAR.” This token has multiple features.
The Near (NEAR) token is used to pay transaction fees within the Near (NEAR) ecosystem. This token can also be used as a store of value. $NEAR holders can stake their holdings for passive rewards.
The Near Protocol (NEAR) has a user-friendly interface. Developers and users can interact freely with decentralized applications built on the Near platform (NEAR) .
Hedera (HBAR) is an open-source crypto network that supports the development of decentralized applications. It operates on Hashgraph, a blockchain-like innovation.
The Hashgraph acts as a public ledger to ensure decentralization and transparency. The Hedera (HBAR) network is managed using the eco-friendly proof of stake system.
Its native token, HBAR, is the fuel that powers the ecosystem. It is used to manage operations and secures the platform from cyberattacks.
HBAR gives holders access to the following features;
- Payment of transaction fees
- Interaction with the metaverse.
- Creation and managing of tokenized digital assets.
The utility offered within the crypto space is endless. Different crypto projects offer various utilities to their users. Stablecoins, however, cannot be eliminated from the crypto space. Algorithmic Stablecoins will evolve the coin market, and $ADI is taking the lead in this transformation.
The early adopters of crypto assets are usually the ones who enjoy the large chunk of rewards. Algorithmic Stablecoins are still yet to be fully established in the crypto space. Thus the ADI token is the best cryptocurrency to buy before it’s too late.
Adirize DAO (ADI)
Presale: http://join.adirize.com/
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official