Bolt Dollar — a decentralized algorithmic stablecoin, pegged to $ 1.00. Instead of a central authority regulating the price, investor behavior is encouraged to keep it near the ideal level.
Contents:
Description of the Bolt Dollar
The goal of the Bolt Dollar DAO - to create a stable decentralized cryptocurrency on BSC. To do this, the BSC ecosystem is developing several use cases. For example, collaborating with AMM , Dapps for growing crops or using the Bolt Dollar as in-game currency.
It is a plan of tokens that determines how they can be spent, who can spend them and what the rules of use are.
Within this framework, BEP-20 Bolt has defined three tokens:
| Bolt Dollar (BTD) | These tokens are intended to be used as a medium of exchange and are loosely connected to the value of one BUSD. These coins will be the primary “payment” method in the Bolt ecosystem and can be used for value transactions. |
| Bolt Shares (BTS) | Bolt Shares, also known as Bolt True Share, are ecosystem governance tokens. These tokens follow the Seigniorage Shares system, which maintains peg by selling coins for shares and shares for coins. |
| Bolt Bonds (BTB) | If the BTD price drops below $ 1.00, the option to purchase Bolt Bonds will become available. They can be bought at a discount for BTD (price = BTD TWAP * BTD TWAP). This increases the demand for BTD and raises the price again. |
In the Bolt ecosystem, BTS - the asset with the highest total “value”. Not only does the token itself have a market value, but if there is an expansion after the era (if TWAP is above its $ 1.01 peg), all staked BTS shares will receive a portion of that expansion. So the share price is not only the price of the asset itself, but the total BTD, generated by you, by holding it in the boardroom.
Additional information
The site contains an introductory section, as well as a RoadMap. Learn the features of the project and the rules for working with it. Developers maintain a blog, where articles will be published.
If you want to stay up to date with all innovations, subscribe to the community on these social networks:
- twitter;
- telegram;
- discord.
Smart contract audit is available here.