SHA NETWORK
SHA NETWORK
More

USD stablecoin

USD stablecoin USD stablecoin USD stablecoin

USDs contract :  0xb7Ed2c5514496591142F3098Ef40ee6F56c3A45C 


The vision of USDs is to benefit all users.

white paper

Anchoring mechanism of USDs

The value anchoring mechanism of USDs is dynamic and fully automated. When executing a transfer transaction, the system detects the exchange rate (USDs: USDT) in the main pool, and if the exchange rate difference exceeds a threshold (1%, 2%, or other preset values) , the anchor transaction is triggered. In the anchor transaction, if it is judged that the exchange rate is higher than the threshold, additional USDs will be issued, and then part of the additional issuance will be sold in the main pool, so that the exchange rate returns to 1, and the other part of the additional issuance will be added to the liquidity pool together with USDT; if it is judged that the exchange rate is low If the threshold is exceeded, a part of the liquidity pool will be withdrawn, and then the withdrawn USDT will be used for a buy transaction, so that it returns to 1, and the USDs withdrawn from the liquidity pool will be destroyed. USDs make profits through handling fees and spreads, and part of the profits is used to supplement other liquidity pools, such as USDs: BNB. USDs ensure that there is always sufficient on-chain assets available to liquidate all stablecoins in circulation.

Planning and implementation

All mathematical modeling of USDs is original, and the entire system will be gradually constructed and implemented in stages, and an application system including synthetic assets, mortgage lending, and tiered funds will also be established.

The DAPP is under development, and will soon provide users with a DAPP that can directly operate mint and redeem functions. Currently, the release of the USDs token is the first step for all public achievements. 

Fundraiser

The project releases fundraising, and the project token will be airdropped soon. Only BNB transfers under the Binance Smart Chain are accepted. 

Fundraising address :  0x7CD915f35fF2656C70023ed528439f80daf334ED

Copyright © 2021-2022 SHA NETWORK - All Rights Reserved. 

Powered by GoDaddy