Seigniorage style Stable Cent (CENTUS) is a stablecoin that implements an algorithmically governed approach to expanding and contracting a stablecoin’s money supply. 100 US Stable Cent (CENTUS) ≈ 1 US Dollar Bill (USD).
By allowing participants to buy and sell CENTUS, smart contract acts as a market maker. To buy CENTUS tokens, participants send funds to Smart Contract, where they are kept as a variable reserve. The primary purpose of CENTUS reserve is to ensure participants ability to sell CENTUS; the contract will always offer to buy CENTUS, drawing on funds from the reserve.
Twice a week, as soon as new participants buy CENTUS, the smart contract mints new CENTUS and distributes them among existing CENTUS holders on a pro rata basis depending on market demand.
For holders 1 CENTUS can always be redeemed for 1 US Cent ($0.01), giving it a stable price.
why choose CENTUS?
Pegged to U.S. Cent
CENTUS is pegged to US Cent and the amount of currency in circulation is set by a smart-contract in accordance with market demand.
Powered by Stellar
CENTUS is a Stellar token, so you can store it in any Stellar-compatible wallets or exchanges.
Money for People
CENTUS is designed for micropayments and can satisfy the primary functions of money, as a store of value, a medium of exchange, and a unit of account.
Earn high-yield interest from seigniorage. Passive income through compounding interest paid twice a week. CENTUS Stable Cent holders receive dividends (seigniorage) from CENTUS purchases of new participants.
Seigniorage rate is floating and determined by the CENTUS community.