Himegami Protocol — A Profitable And Stable Synthetic Commodity

Hello friends. This is my first article on the medium platform. On this occasion I will introduce a blockchain project called Himegami Protocol.

What is Himegami Protocol?

The Himegami protocol function as a synthetic asset which represents speculation on the price of Japanese yen (¥). This is made possible through an elastic supply characteristic and programmatic rebasing protocol which incentivize market actors to drive KGR token price to its target (peg) price. KGR is a completely fair cryptocurrency. That a decentralized elastic supply digital currency.Solve market manipulation and grow the economy of world with new concept.

KGR Equals 1 Yen

KGR is a synthetic asset that pegs its target price to 1 Japanese yen (¥). The Himegami functions to ensure that KGR market price is equal to target price.

KGR is an algorithmic stable token that is roughly stable at ¥1 (1 Japanese Yen) due to automatic adjustment of issuance amount and partial collateral system. The rebase mechanism will be less volatile depending on the cumulative number of new issues.

Visit link below, for more information:

Website: https://himegamiprotocol.org/

Twitter: https://twitter.com/himegami_pro

Telegram: https://t.me/himegamiprotocol

Medium: https://himegamiprotocol.medium.com/

Author

Bitcointalk Username: Protonem

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1745647