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Singapore, Singapore–(Newsfile Corp. – March 4, 2022) – DarkCryptoFinance (DARK) is thrilled to announce the launch of a new, one-of-a-kind crypto ecosystem. DARK plans to grow its network to create the first fully decentralized algorithmic stablecoin protocol built on the Chronos Network. DarkCrypto aims to solve one of the biggest problems in crypto-finance, allowing users to hold and transact without the risk of volatility.
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The platform could make this possible through a system that combines algorithmic money markets with cryptocurrency collateral to create a decentralized stablecoin ecosystem.
For users, this means you can use the platform to access a variety of services and features, all powered by DARK tokens, the native coin of the DarkCrypto ecosystem. The design of this token pairs it with CRO tokens in a 1:1 ratio.
DARK to CRO ratio maintained
According to the project developers, Dark finance maintains the CRO ratio through its three tokens: DarkCrypto (DARK), DarkCrypto Shares (SKY) and DarkCrypto Bonds (LIGHT).
DARK is the algorithmic stablecoin. SKY is the share that holders can use to claim DARK inflation as the network grows. Finally, LIGHT is the bond that one can buy at a rate of 1:1 when the network contracts.
Moreover, the algorithm increases the supply of DARK in case of deflation and vice versa. This ensures price stability while maintaining the aspect of decentralization. It also provides liquidity, making it ideal for lending and borrowing.
DARK is also backed by strong Cronos blockchain security measures. The L1 protocol helps minimize collateral for borrowers and maximize returns for lenders.
This unique combination provides a trustless and transparent approach to crypto borrowing and lending, which can be applied to multiple applications that require algorithmic stability in their financial products.
The dark verse
The key to the project is DarkVerse, the ecosystem surrounding DARK. It has three main use cases: P2E, GameFi, and DeFi. Its main components are:
This fund receives 33% of DARK issued during the expansion phase. It buys low and sells high and randomly buys back DARK when below the peg. The fund currently holds over $3.6 million.
Cash as backed asset
This is a one-of-a-kind insurance fund for the system. He will receive 15% of the DARK created in each era during the expansion. The fund will develop a lending system allowing DARK holders to lend and borrow CRO from the reserve. Currently, he holds 3.5 million CRO.
DarkAuto is a tool to deposit your funds and grow them perpetually. Deposited funds grow by earning compound interest.
The DarkRoll is one of the project’s mini-games. It was developed as a use case for DARK. the P2E mini-game will allow players to test their abilities against each other for rewards.
Audit and partnerships
DarkCrypto has passed Peckshield’s audit. This certification guarantees investors and users the security of their funds. Additionally, the project has partnered with reputable players in the crypto field. These include Beefy Finance, MMFinance, KryptoDex, Crodex and Crystal Finance. Such associations guarantee DarkCryoto customers transparent transactions.
About DarkCrypto Finance
DarkCrypto (DARK) is an anti-deflationary and anti-inflationary crypto project running on the Cronos chain. It is inspired by BasisCash as well as its predecessors, bDollar, Soup and Tomb Finance. You can get more information on the social platforms of the project: Website, Twitter, Average, Telegram, Discordand Reddit accounts.
Contact person – Alan – aka Dark Lord
Email: [email protected]
Company – DarkCrypto Finance
Location – Singapore
Disclaimer: There is no offer to sell, no solicitation of an offer to buy, and no endorsement of security or any other product or service in this article. Additionally, nothing in this PR should be construed as a recommendation. Readers are encouraged to do their own research.
Town: Singapore, Singapore
E-mail: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115678