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RE: USDONE : Combines Stability and Earning in One Token
If buy price will always be 1.05 and sell price will always be 0.95 on S-engine market how are we expected to trade it as 1 USD to people that aren't you? Or am I missing something here?
These ask/bid spread will be provided and maintained by USDONE on SteemEngine Exchange as buyer and seller of last resort but you all are fee to trade it in between. Hope that makes it clear.
And this max 5% difference is given back in the form of 7% dividend i.e. 5% fee plus 2 percent for inflation.
The spread will be continuously adjusted - so it can be much less on average.
So basically the value will swing between these two right? Well, at least it's kinda guaranteed that the value won't go above 1.05 or below 0.95
#sbi-skip
will be range bound between these two limits. And the spread will be continuously adjusted - so it can be much less on average.
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protects from usd inflation by always being worth 1USD = the value of 1 dollar no matter what that dollar is worth ?
if the token is 1USD and 1USD is 1.1 euro then it will be worth 1.4 euro and still 1USD if it went back to before lehmanns ?
somewhat ...
?