A Plethora of Stablecoins : Price-Stable Protocol Utility Tokens
▻https://hackernoon.com/a-plethora-of-stablecoins-price-stable-protocol-utility-tokens-c6805ae6f
Imagine this: It’s the year 2020 and it turns out there’s no “single stablecoin to rule them all.” Instead, all utility tokens are now designed to be price-stable. Centralized #crypto exchanges have either closed shop or refashioned themselves as underground gambling platforms. Decentralized exchanges power seamless, instantaneous and often automatic conversions between the various protocol tokens. Each one is pegged to some real-world basket of goods, often essentials like the price of food, water or housing. Capital is allocated efficiently and instantaneously to the most promising new projects and innovations. Investors are indistinguishable from users and are handsomely rewarded for spotting promising protocols and allocating their computational resources and governance expertise to (...)