Algorithmic Stablecoin
By CoinGecko | Updated on Aug 13, 2021
Algorithmic stablecoins are tokens pegged to a fiat currency which is usually the US dollar, purely through software and specific conditions. For example, as the price rises, the algorithm may issue more coins, and when the price falls, it purchases them off the market.
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cryptocurrency tokens with specific utilities on a network besides being used as medium of exchange and investment vehicle.
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It means both 'profile pic' and 'picture for proof'.
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