PaprPrntr — an algorithmic stablecoin, powered by Binance's smart chain. Inspired by BasisCash, bDollar and other stablecoins that have been tested on different blockchains, its goal - to get a stablecoin that will be effectively pegged to the US dollar.
Contents:
Description of the PaprPrntr project
PaprPrntr's idea - to balance the total PAPR supply through printing, as a central bank would do, but also by burning supply when it is too large, keeping to real demand.
These mechanisms follow the PaprPrintr algorithm and will serve the different platforms that have been built over time.
What the PaprPrntr developers are striving for:
| Safety | All projects will be checked, so it will not be possible to use exploits in contracts. |
| Sustainability | There are many quick money schemes on the blockchain and the developers ensure that whatever is done is sustainable and long-term. |
| Communication | Many projects have a good technical team, but most of them lack communication skills. Public engagement is something that PaprPrntr values very much as the creators of the project have seen many applications fail due to user frustration. |
The repositories will be available from the first day of the project. 2 types of storage will be offered. The first - standard stores with the correct token, considered legal. The second - the Degen vaults, used for tokens. A performance fee of 4.4% will be levied on the revenues in these vaults and go to the PAPR incineration fund.
What else should you pay attention to?
The developers provide an introductory document with a description and rules of work. Also, there is a blog on the Medium platform. Th RoadMap section marks future updates.
The community actively maintains social networks:
- telegram;
- discord;
- twitter.
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