The BAEX token is a result of the efforts to create an asset that is algorithmically protected from depreciation. In addition to limited risk, the model included algorithms for a constant increase in the value of the token and completely excluded developers' control from the moment of launch. To achieve the stated goals, the following principles and mechanisms were taken as a basis:
- Dynamic supply
- 100% storage of collateral on a smart contract in USDT & DAI
- No free tokens and airdrops
- A constant rise in the price of token issuance
- A constant rise in the token buyback price
- A constant ratio of the buyback price to the token issue price
- Fully decentralized token without centralized control and management in any form
- No need for maintenance and spending on infrastructure maintenance
- The system self-stabilizes based on the desired parameters
- Open source code of the smart contracts proves the integrity and fairness of the system
As an example of the real use of deflationary model tokens, a fully decentralized binary options system was created with BAEX tokens as the native (utility) token of the system and Yahoo Finance as a quote provider.
Make money on stocks, stock indices and fiat currencies through a blockchain on the baex.com