Stabilizing the Price Volatility of Cryptocurrencies With the ORC-Stable (ORCS) Cryptocurrency
What shall it profit a man to hustle all day and night, accumulating huge wealth and in the end of it all his efforts collapse like a pack of cards!!!! What a sober situation……The introduction to this write up might sound religious but in reality, and application it is beyond the religious scope and translates far more into people's finances. Cryptocurrency is no more a strange word in the contemporary society, rather it has become the most beautiful bride being sorted for as a means of daily livelihood as well as wealth acquisition.
Cryptocurrency as the name sounds is not just one new “rocket science” word, but it has to do with an important and commonly used aspect of man's activities but in a more refined and different form. Cryptocurrency refers to a digital currency; it is digitalized because unlike the fiat or paper currencies, you can’t touch or feel it rather it exists on digital computing devices, hence all transactions involving Cryptocurrencies must be carried out via digital devices; Cryptos (Cryptocurrencies) has been increasingly adopted to carry out various degrees of payment with convenience, decentralization, and transparency. However, a larger significance of the populace is not willing to adopt this currency as a means of settling their daily financial transactions or even have their wealth stored in cryptocurrencies for a longer period of time as a result of the price volatility of Cryptos.
Due to the non-centralization of cryptos, its value in price is determined by the demand and supply factors of its users hence, the price might be high to the heavens now but before u say “Jack Robinson”, the prices have crashed to the lowest level sending waves of panic across crypto customers!! I guess its only a handful of people that would love to be caught up in the web of the price volatility of these cryptocurrencies (digital coins/tokens).
Introducing ORCS Cryptocurrency
#ORCS is a stable and non-volatile, non-collateralized (not directly tethered to any fiat or backed by fiat money as collaterals) cryptocurrency powered by the decentralized real-time unforkable Orch blockchain network capable of processing billions of transactions per second (tps). ORCS is able to attain its non-volatile status through the adjustment of the ORCS token supply algorithm to reflect on the changes of variables such as recent transaction fees, game theory truth outcome of the current ORCS exchange rate and CPI index external data feed. ORCS is designed to maintain price stability through its decentralized, robust and ultra-high-speed protocol.
Best Features of ORCS
The quantity theory of money supply is an amazing aspect of the ORCS cryptocurrency to calm down and maintain its price stability. The quantity theory of money supply states that the market prices are directly proportional to the amount of money in circulation – this simply means that the more money people have the more the prices of goods and services are jerked up in the market and vice versa.
Therefore, applying this theory to the case of ORCS, the supply of ORCS token is normally reduced in the event of a rise in prices and its supply is increased in the case of a decline in prices; these steps are taken to ensure a stable-priced cryptocurrency.
The advanced ORCS protocol is the magic wand behind the measurement of market prices and adjustment of ORCS token supply to reflect the price situations hence leading to stability in the price of the cryptocurrency.
ORCE token also referred to as Equity, are tokens that are auctioned out by the ORCS protocol in time of contraction of the ORCS token supply. As a result of ORCE token being auctioned off at lower prices, holders of this token are compensated by earning a premium for their token purchases.
ORCS token is the main app coin token that fuels the activities of the Orch blockchain network and it is used as a medium of exchange; the supply of these tokens is usually increased or decreased in order to stay away from the volatility nature of cryptos. Besides obvious applications, ORCS stablecoin has the potentially to be an alternative base currency for stabilization of world economy and global commerce in the event an unprecedented (man-made or natural) catastrophe strikes the Earth and paralyzes human civilization. Reinsurance and insurance companies will find it more attractive and sensible to issue ORCS-denominated cat bonds rather than those denominated in USD or Euro as most traditional centralized institutions will collapse like house of cards including central banks.
Conclusions
It is widely believed and feasible that blockchain and cryptocurrency technologies will be the standard to be adopted in almost every sphere of life. Hence there is the need for concerted efforts to make cryptocurrency more attractive and viable to the populace; this is achievable with the ORCS token as it has the capacity to feel up the lacuna created by the volatile nature of most cryptos. Hence the hope for mass adoption of cryptocurrency is being rekindled by the ORCS token project!!!