Over time, stablecoins have gained in popularity and drawn a lot of attention. As cryptocurrency acceptance continues to rise and become more accessible, this pattern is unlikely to alter. Furthermore, the decentralized value proposition of cryptocurrencies seems to be at odds with the fact that the most popular stablecoins are centralized. By using algorithms rather than reserves to support their stablecoins, the most recent generation of algorithmic stablecoins seeks to resolve the majority of these issues.
The US dollar serves as the primary backing for stablecoins, which have a market value of $186.4 billion. The Federal Reserve is in charge of the dollar’s monetary policy, but the United States regulates the exchange rate. As a result, falling fiat currencies have a significant impact on cryptocurrency prices, raising the question of whether stablecoins live up to their title. With its decentralized reserve currency, ADI, the Adirize DAO (ADI) seeks to wean the cryptocurrency markets from their unhealthy reliance on US dollars. Learn more about this brand-new cryptocurrency and its cutting-edge method of stablecoin management in the cryptocurrency market by reading on.
Adirize DAO – the new cryptocurrency to watch out for
Adirize DAO (ADI) was developed to function as a store of value rather than a cryptocurrency pegged to the dollar like USDT, USDC, and other similar currencies. Adirize DAO uses a protocol-owned reserve of cryptocurrency assets to support the creation and value of ADI tokens. Adirize DAO owns liquidity rather than renting it. The long-term objective of Adirize DAO is to develop into a stable currency that can be used in everyday transactions, with the reasonable expectation that values will hold steady over time, independent of a traditional peg, by utilizing a treasury of assets. Adirize DAO, which takes its name from a crater on Saturn’s moon Titan, aims to establish a policy-controlled currency system in which the DAO has total control over the behaviour of the ADI Token. We think this mechanism can be made more reliable and consistent over time, enabling ADI to function as a universal unit of account and medium of trade. For immediate growth and income creation, we want to optimize the system.
The most crucial thing to understand about ADI is that it’s not just intended to be a stable coin but also a store of value. A valuable store should increase in value over time. To become a store of value, Adirize DAO uses staking as its primary resource for value accrual to ADI. Staking ADI tokens is an easy operation. Either you can swap your liquidity for ADI or you can purchase ADI on the open market. After that, you stake your ADI via the Adirize app in return for rewards like additional ADI that the Treasury receives from bond sales. The staking incentives with Adirize DAO will be substantial. The protocol’s main mechanism of value accumulation and ADI staking depends on bonding to provide incentives and lock up liquidity. Bonding successfully builds up value in the Adirize treasury, whilst staking locks up ADI tokens to make them rare.
The ADI cryptocurrency is a creation of the Adirize network. However, Tether and USDC, which are both stablecoins, should not be confused with ADI. Since the Adirize network issues and backs ADI tokens with a reserve of priceless assets, it can be compared to the gold standard. The ADI coin serves as the protocol’s stable currency and governance token. Finally, If you purchase Adirize DAO tokens during stage 2 of the presale, you will receive an additional 5 % of tokens. If you purchase stage 1, you will receive a 7% bonus in Adirize DAO tokens.
To find out more about Adirize DAO (ADI), see the links below:
Presale: http://join.adirize.com/
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
