Introducing Atomic Set Dollar
Atomic Set Dollar (ATSD) is a decentralized, oracle data driven stablecoin which uses a supply elasticity method around a Time Weighted Average Price (TWAP) oracle for price stability. It’s an algorithmic stablecoin which uses TWAP to stabilize the price.
ATSD uses the mechanics from several other projects and is mainly inspired by ESD, Empty Set Dollar and incorporates some adjusted parameters to be even more agile and respond even quicker to market demand.
Basics
- Epoch Length: 3,600 Seconds (1 Hour)
Advance()incentive: 100$- DAO Lockup: 72 Epochs
- LP Lockup: 36 Epochs
- Method: Uniswap V2 Time Weighted Average Price (TWAP)
- Oracle Minimum: 10,000 USDC
- Period: 1 Epoch (1 Hour)
Governance
Atomic Set Dollar Protocol allows the community to submit proposals and vote for any changes, either removing existing features, adding new features or adjust peripheral functionality. The voting can be done by the ATSD token holders. At the protocol launch, there will be no admin keys or any way to influence it without changes being actioned by a governance process. This made ATSD a fully decentralised protocol from unset.
Our Plan
Our plan is to pre-mine only a small number of tokens of 650 out of which 100 will be placed in lock for DAO rewards, 500 tokens will be used for the initial liquidity for the USDC/ATSD paid, and 50 tokens for dev. These tokens are locked up hence there are no hidden supplies!
Conclusion
The entire crypto currency market suffers a lot of volatility and there is need to have stablecoin which help those who do not want to hold volatility assets to have their assets in stablecoin. The stablecoins help those who want to maintain the value of their assets to remain the same but the advantage of volatility assets is that it can appreciate in USD value while stablecoins are pegged at a fixed rate.
Website: https://atsd.finance
Telegram: https://t.me/atomicsetdollar
