[ANN] Introducing the Most Protocol, Decentralized Algorithmic Stable Token

CaVO32

full member

Activity: 1848

Merit: 158

Quote from: Vital_Z on August 14, 2020, 06:25:49 AM

Who didn't know this information will be useful: since there is no token sale, the only way to get the MOST token is through Uniswap listing. Watch project's Medium page

Uniswap is now crowded with crap tokens so beware of jumping on this project. The website is pretty dull, not so much information is given. And with the small supply, they can easily manipulate the market as what marshtt stated below. Just by having the price of $1 makes you think it is quite expensive for a new token with no proven use case. Do they have the assets to back up this value as it seems they are aiming to have this token valued at $1?

Quote from: ?? on ??

Due to the small initial liquidity, the price is volatile and easy to manipulate. Therefore, they will initialize the Rebase after we provide enough liquidity. The first rebase will happen 24 hours after the initialization.

Vital_Z

newbie

Activity: 40

Merit: 0

Who didn't know this information will be useful: since there is no token sale, the only way to get the MOST token is through Uniswap listing. Watch project's Medium page

Bitum

sr. member

Activity: 1414

Merit: 271

bitonator.tangled.com/join

Quote from: reap_chain on August 13, 2020, 12:03:56 PM

At the moment there is not much information about the project that can be found and studied. It would be better if there are more sources and material that can be found

i would say there is no essential information at all, except for a very simple website and a few annoces in social media. There is something else on github, who is developing the project?

reap_chain

copper member

Activity: 84

Merit: 0

At the moment there is not much information about the project that can be found and studied. It would be better if there are more sources and material that can be found

krisnajsadrak

sr. member

Activity: 1092

Merit: 250

Hodlers Network

where can i read the whitepaper from this project ?
and i want to know about the team too, but i don't see the team member from this project in the first post and also on the official site

adAmgene

newbie

Activity: 31

Merit: 0

The Most Protocol will be launched with an initial supply of 1 million tokens. 5% of team allocation and 95% of MOST tokens will be added into Uniswap MOST/USDC trading pair for purchase gradually. They will also lock the Uniswap LP tokens in a TimeLock contract for one year.

bitncoin

newbie

Activity: 1

Merit: 0

Is a decentralized-central bank possible? We love Basis and Ampleforth’s original vision of creating an adaptive monetary system on the blockchain. The Most protocol aims to achieve this challenge and bring the algorithmic-stable token into the crypto world in a fully trustless manner.

According to the Quantity Theory of Money, high prices that are constantly rising mean that people are too willing to spend money. To restore prices, we could restrict people from having less money. Similarly, the opposite applies to deflation, which makes people unwilling to spend money.

This theory clearly shows that Ampleforth implements exactly the opposite rule, making it unable to stabilize the price. In contrast, the Most protocol works in the reverse way of Ampleforth, aka deflating supply when the price is above $1, and inflating supply when the price is below $1.

Our mechanism might sound counter-intuitive; it aligns with the economic principles and addresses the Ampleforth’s system design flaw. On the one hand, when the price is above $1, that means MOST tokens are highly demanded in the market. The total supply of MOST tokens will deflate across all MOST holders. This deflation mechanism will incentivize MOST holders to sell tokens to people who need them. On the other hand, when the price is below $1, it indicates that MOST tokens are over circulated in the market. The total supply of MOST tokens will inflate across all MOST holders. This inflation mechanism will encourage people to buy and hold MOST tokens, which contracts the money supply circulated in the market. Overall, the Most protocol is programmed to seek a stable stage so that the MOST token price will stay at $1, where DEFI products can safely use the MOST token without worrying about its price volatility.

Initial Token Supply
The Most Protocol will be launched with an initial supply of 1 million MOST tokens. 5% of team allocation is locked in a TimeLock contract for one year. 95% of MOST tokens will be added into Uniswap MOST/USDC trading pair for purchase gradually. We will also lock the Uniswap LP tokens in a TimeLock contract for one year.

Permissionless Money
No token sale, small team allocation, let MOST be permissionless money that nobody controls. We do our best to ensure that this is a fully decentralized and non-stoppable monetary system since the protocol launch.

Native Oracle
For price feed, the Most Protocol utilizes native Uniswap MOST/USDC trading pair price information as an oracle. The Most protocol is thus self-contained without relying on any external third-party oracle, making the Most protocol an autonomous protocol.

Supply Change Stages
Stable Supply Stage: When the oracle rate is between $1.06 — $0.96, there is no rebase, thus no change in supply.
Inflation Supply Stage: When the oracle rate is below $0.96, there is a positive rebase, thus supply increases. The inflation rate is: (1 — oracle_rate) / 10 (Maximum 10% inflation rate).
Deflation Supply Stage: When the oracle rate is above $1.06, there is a negative rebase, thus supply goes down. The deflation rate is: (oracle_rate — 1) / (oracle_rate * 10) (Minimum -10% deflation rate).

Channels
Official Website: https://mostprotocol.org/
Twitter: https://twitter.com/MostProtocol
Telegram: https://t.me/MostProtocol
Blog: https://medium.com/@mostprotocol
Github: https://github.com/MostProtocol

Topic: [ANN] Introducing the Most Protocol, Decentralized Algorithmic Stable Token (Read 207 times)