Stable coins were developed to help cryptocurrency traders handle the issue of volatility. Most stable coins are pegged to widely adopted fiat currencies such as Euro or US Dollar, while some are pegged to precious commodities such as Gold, silver and much more.
Essentially, stable coins provides opportunity than other digital assets due to it's particular difference which is it's stability. The benefits of stable coin isn't only limited to cryptocurrency traders but also can be adopted by other businesses, entrepreneurs and much more, without worrying about price fluctuations. However, stable coins have shown to have more room for improvements to ensure traders and business owners hedge their fund effectively against volatility and flaws of the cryptocurrency market.
In regard to this, Crypcore project intends to create a crypto asset that facilitate a solvency mechanism to remove any type of fluctuations, while also enabling Crypcore ecosystem to improve without hindrances.
MEET CRYPCORE ECOSYSTEM
Crypcore is established through integration of crypto collateralized digital asset with a solvency equation which maintains stability in coin value. Being forked from Monero, helps Crypcore to be cryptographically secure and anonymous with cryptonote protocol.
Crypcore ecosystem functions effectively with integrated cryptocurrency exchange, solvency mechanism and cryptonote protocol to properly develop a coin with a stable value. The Crypcore stable coin price stability can be achieved by Crypcore's developers implementing a strategy of averaging, thus coin value increases in correspondence to price swings.
Collateral from fees charged within Crypcore exchange is accumulated via Crypcore stable coin and the fees will be used do increase collateral and regulate the price stability within the exchange . This ensures Crypcore stablecoin functions more dynamically than other circulating stablecoins.
UNDERSTANDING CRYCORE EXCHANGE
From the above statement, you can see that Crypcore exchange plays a vital role in maintaining the price of Crypcore stable coin. Applying unorthodox procedures via use of solvency equation will determine the valuation of Crypcore stablecoins. The Crypcore stablecoins cannot be created but mined which preserves the privacy and security of users within the ecosystem.
PECULIAR FEATURES OF CRYPCORE EXCHANGE
DEBIT CARD INTEGRATION
Leverage of Crypcore exchange enables users to easily purchase cryptocurrency assets through integrated debit card feature. Users can access this feature via verification which is completely secure and confidential.
GOOD SECURITY
The security system of Crypcore exchange is highly advanced and flexible. The developers have achieved this level of security via implementing three layers of security and 24/7 evaluation of all transactions conducted inside the exchange which prevents fraudulent activities.
ACCESSIBILITY AND ANONYMITY
Crypcore exchange being functional with Monero, provides easier accessibility and integration of Crypcore with other projects. Coupled with this, Crypcore exchange variety of wallets and tools are made available and readily accessible regardless of geographical location. In terms of privacy and anonymity, forked from Monero enables Crypcore ecosystem to offer complete privacy for users and their performed transactions through use of ring signatures, anonymous transactions and untraceable addresses.
FINAL THOUGHT
Crypcore founders have understood the effects of wild price swings, including how it tends to affect trading and value of cryptocurrency assets. To effectively address this issue , Crypcore stablecoin offers a dynamic solution by growing along side with the price fluctuations, thus generates more profits for owners.
For more details :
Website: https://crypcore.com/
Whitepaper: https://crypcore.com/crypcore_whitepaper_version_1.pdf
Telegram: https://t.me/crypcore_group
Facebook: https://www.facebook.com/Crypcore-106479097438958
Twitter: https://twitter.com/crypcore1
Reddit: https://www.reddit.com/user/crypcore
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Wallet Address : 0x56D391aD6C5Fe4b4faee3FCF9C7D32D9BD2feeCA