Corion is holding its ico now. The coin attempts to solve crypto volatility a key issue of cryptoadoption. If Dash wants to become the Venmo of crypto it could learn from Corion.
Corion, an ethereum classic token, seeks to address crypto volatility, a user pain point
Extreme volatility and underlying deflation makes crypto suitable for speculation, for trading and a store of value but bad as a currency. Corion addresses this by making the coin inflation rate variable.
Variable inflation, Stable value
Cryptos are volatile because the rate of adoption is always increasing at variable rates. The fixed supply of most crypto also makes them inherently deflationary. Corion addresses this by changing the coin emission rate between 0-2.5% per day to hold the value at $1. If the coin falls in value fees begin to be burnt leading to a falling supply. This may sound like a little but inflation could range between 0 and over 1000 percent ( due to compounding). This seems likely to be much more stable if not precisely tied to the dollar.
why would anyone buy it? crypto investors love deflation
Corion rewards its investors by giving them the inflation (this is more complicated than a pure proof of stake). Instead of making (or losing) money on coin appreciation, Corion holders should receive more coins (interest?) if the coin proves popular. Who knows if this will occur as planned but it's an interesting idea.
why this is important for Dash
Dash hopes to be used as a currency but it's better suited as a store of value. The price of dash has skyrocketed this year. While the Devs are focused on getting more people to use dash but you would have to be stupid to sell a rapidly appreciating asset for a cup of coffee. Dash needs a stable value component if it want to win the mass adoption battle.
how could Corion tech be incorporated into dash?
- dash could move to an inflation rate that leads to stable value
This would be feasible after evolution savings accounts are out. In period of high adoption, the interest rate on masternodes and dash savings accounts could be increased alongside the overall inflation rate.
2)dash could create a stable value sidechain
This sounds harder but maybe they could pull it off. Perhaps when rootstock gets going there could be something easy to add to dash. Dash would need a subcoin that held value at $1 for payments. Perhaps like steem backed dollars it could be backed by dash. This would work as long as the stable currency was a small percent of value of the overall dash network.