On the development of decentralized elastic currency Prime

prime
2 min readDec 9, 2020

In the cryptocurrency market, the market value of stable currency usdt is as high as 18.5 billion US dollars, ranking fourth in the market value, which is a very important part of the market. Stable currency has a huge market, so many teams want to carve up a piece of cake, so there are usdc, busd, husd, and other centralized stable coins. Centralized stable currency exists in the decentralized encryption world, which does not let the encryption world boo. Therefore, the decentralized stable currency was born. For example, the stable currency Dai issued by anchoring Eth and other assets, and the decentralized flexible currency issued with fixed holding ratio( https://primematrix.io/ )Wait.

Stable currency is a big market. As an ordinary user, it is difficult to make money from it, but there will always be someone to break the game. Prime is a breaker. When prime starts to rebase, prime holders will start the banknote printing machine mode.

Prime is an algorithmic elastic currency. Judging from its performance, the price is rarely in the position of $1, but it bounces back and forth. Prime does not anchor anything. It is a currency symbol that automatically adjusts supply according to market demand.

Why do you use the elastic currency prime?

This needs to be discussed from the perspective of the centralized world. Traditional stable currency issuers have a main body, such as the US dollar relative to the Federal Reserve, usdt relative to Teda Company, and so on. The issuance of additional tokens of centralized stable currency will only gradually dilute the share of original coin holders and damage the interests of original coin holders. However, for decentralized flexible stable coins, no matter how many additional issues will be issued in the future, the holders can do so Obtain the same share of additional tokens to maintain the original holding ratio.

This is the unique success of prime.

At present, from the perspective of supply and market value, prime has gone through the stage of market cognition. More and more users begin to recognize the concept of prime and choose to hold prime.

What will prime look like in the future? However, more and more teams and technologies are choosing to abandon centralization and choose decentralization in the market. Decentralization will become the leader in the future.

Last but not least: how to kill a centralized exchange by decentralizing the exchange is how to kill the usdt.

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