CENTUS ONE Affiliate App description

(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. We believe that the distribution of CENTUS among existing CENTUS holders is the fundamental basis for the stability of the entire system. Moreover, we are sure that this speculative component gives stability to our “Stable Cent”.