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Roadman Announces Its First Stablecoin, SATO (“SATO”), that Adopts the AMPL Algorithm & Liquidity Pool Launching with iCashRewards

Roadman Investments Corp. (TSXV:LITT)(OTC PINK:RMANF) (“Roadman” or the “Company”) licensee A3Com Solutions Corp. (“A3Com”) is pleased to announce that it is entering into strategic partnerships with SATO, a next generation of Stablecoin.

iCashRewards is to partner with SATO to apply SATO to the iCashRewards ecosystem that combines the utility token (“iCashToken”) with the rewards of a loyalty point that rebates customers for use of iCashRewards eCommerce shopping platform and services. iCashToken is planning to merge with SATO. Each user from iCashRewards can redeem their iCash Loyalty points ( iCashPoints) with Sato. One iCashToken can be exchanged with 1 SATO. Each SATO is priced at $1.00, and the exchange will be effective from March 31 to April 15, 2021. Going forward, iCashPoints can continue to redeemed cash, USDT, BTC as well as SATO.USDT. SATO is planning to list on various exchanges on April 14, 2021.

Background

The crypto industry has seen the rise of various Stablecoins in the last few years. These Stablecoins have been built in different ways. USDC, HUSD, TrueUSD are backed by fiat USD DAI, Frax, OUSD are collateral based.

SATO is a Stablecoin that is neither fiat backed or collateral based. It is purely algorithmic and relies on market forces of supply and demand to maintain its price.

Current Status of Stablecoin Market

Compared with many DeFi projects that attract users to speculate simply by relying on high mining returns, the future application scenarios of algorithmic stablecoins have more room for imagination. Currently, the entire algorithmic stablecoin market is still in a stage where its value is heavily underestimated, which is similar to the collateralized stablecoins such as MakerDao in early 2019. It is expected that the market will break out.

AMPL, Basis Cash, ESD, Frax

At present, the market value of DeFi is growing rapidly and there are countless projects. However, there are still no more than ten products that are available for use in the algorithmic stablecoin market. The well-known algorithmic stablecoins include AMPL, Basic Cash, ESD and Frax. Among them, only the prices of AMPL and Frax can be maintained around 1 USD. Although AMPL’s algorithm has been modified several times by latecomers, it is still in the leading position of algorithmic stablecoins, which is similar to the position of PoW in the main chain. Therefore, the current single currency inflation & deflation model (rebase) of AMPL has been tested by the market.

What is SATO?

SATO is a next generation algorithmic stable coin. SATO relies on the invisible market forces of supply and demand to maintain its price stability. USD and collateral backed Stablecoins have various flaws and are not suited to the crypto ecosystem.

USD backed Stablecoins rely on the broken monetary infrastructure of central banks to provide stability. As a result, the Stablecoin’s stability is derived from the backed currency itself. Similarly, collateral backed Stablecoins use other Stablecoins with USD backed

Follow Us

SATO official website: https://sato.trade/

SATO official Twitter: https://twitter.com/SatoToken

SATO official Discord: https://bit.ly/3cnsdgw

SATO official Telegram channel: https://t.me/sato_announcement

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A brand new cross-chain oracle system, the world’s first algorithmic stablecoin that supports rebase of multiple smart chains.

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