Pegs Cash Update #2

Pegscash
Jan 29, 2021

--

After careful consideration, the team decided to take the following two measures.

  1. Suspend the Buyback function until a better solution is found. The dividend function will continue to be open, but with the insufficient fee income, the frequency of transfer to the dividend pool will be reduced.
  2. Burn team’s allocation. These tokens are currently locked in smart contracts. When unlocked, they will be burned.

About Pegs Cash v2

The existing algorithmic stablecoin models are encountering some difficulties. We are still doing more exploration and will upgrade to v2 when appropriate. If there is a better idea for the design of algorithmic stablecoins, welcome to leave us a message: official@pegs.cash.

Join Our Community

Website: Pegs.cash
Twitter:
https://twitter.com/pegscash
Telegram:
https://t.me/pegscash
Medium:
https://medium.com/@pegscash

Sign up to discover human stories that deepen your understanding of the world.

Free

Distraction-free reading. No ads.

Organize your knowledge with lists and highlights.

Tell your story. Find your audience.

Membership

Read member-only stories

Support writers you read most

Earn money for your writing

Listen to audio narrations

Read offline with the Medium app

--

--

Pegscash
Pegscash

Written by Pegscash

Pegs Cash is an algorithmic bank backed by real assets.

No responses yet