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Topic: [ANN] VIGOR crypto-backed stablecoin on EOS - page 2. (Read 510 times)

sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
i would like to invited people from any country to help us try mvp3

VIGOR Stablecoin Tutorial on jungle testnet (MVP3) Dec 31, 2019

1 How to be an insurer and earn VIG
2 How to borrow VIGOR stablecoin
3 How to borrow EOS against stabelcoin (for short selling)

https://drive.google.com/file/d/1TFMOIGOl4WkaKmeAE4WmhrhOcULM7a4D/view?usp=sharing
sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
so that means there is an escrow that holds the EOS that will be used for backed the VIGOR?
where we can see that?

Yes, platform will be the escrow for those who wish to borrow or give for people.
and MVP is on tested , if you want to watch how its work it feel free to join our telegram, we have making test jungle of vigor borrow
legendary
Activity: 1554
Merit: 1014
Eos will be crypto that backed VIGOR to become stable coin, you can lend eos with VIGOR collateral & you also can lend VIGOR with eos collateral
since VIGOR value will be set to 1$ , feel free to join our telegram to ask more question regard VIGOR stable coin...

or you can read our whitepaper though

so that means there is an escrow that holds the EOS that will be used for backed the VIGOR?
where we can see that?
sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

Eos will be crypto that backed VIGOR to become stable coin, you can lend eos with VIGOR collateral & you also can lend VIGOR with eos collateral
since VIGOR value will be set to 1$ , feel free to join our telegram to ask more question regard VIGOR stable coin...

or you can read our whitepaper though
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

It looks like the VIGOR coin hasn't been released yet so we can only wait for the update.
Actually there are also many question marks about VIGOR's support, whether by fiat money or other support.
Is it possible that VIGOR will be like other coins?
If you read their whitepaper you should see that they are using the same concept as MakerDAO with collateralized debt position. You get the stablecoin if you are collateralizing your EOS,  the stablecoin is backed by real assets and the price gets maintained using it. But the problem is, why did the project only limit on EOS?
sr. member
Activity: 1848
Merit: 341
Duelbits.com
January 05, 2020, 07:18:17 AM
#9
i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?

It looks like the VIGOR coin hasn't been released yet so we can only wait for the update.
Actually there are also many question marks about VIGOR's support, whether by fiat money or other support.
Is it possible that VIGOR will be like other coins?
legendary
Activity: 1554
Merit: 1014
January 05, 2020, 03:21:11 AM
#8
i just wondering how you can make sure that the price of VIGOR stable just like other stable coins?
and i'm still confused about what is the crypto that backed VIGOR?
sr. member
Activity: 1092
Merit: 252
Dextrust.org #Defi
January 04, 2020, 11:07:42 PM
#7
for your information, we have 2 diffrent token which named VIGOR & VIG.

VIG : governance token that used to pay all custodians and candidates who contribute on vigor project  , you can join our telegram and learn how to become custodians

VIGOR : Stablecoin that will used on lending platform, still under development.. its not release on mainnet yet...

the token that you see traded on newdex is our governance token, not stablecoin token
So , VIGOR likely USDT or not sir ?
I became confused, so many stablecoins circulating in the market.
sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
January 04, 2020, 10:14:48 PM
#6
Why in the Newdex exchange is the price of VIG so cheap at $0,0007 or 0,000292 EOS? where is the stable price ??
Actually, I just heard about a stable EOS network token, and it hasn't been there yet in my opinion.
So what about the current cheap VIG price?

for your information, we have 2 diffrent token which named VIGOR & VIG.

VIG : governance token that used to pay all custodians and candidates who contribute on vigor project  , you can join our telegram and learn how to become custodians

VIGOR : Stablecoin that will used on lending platform, still under development.. its not release on mainnet yet...

the token that you see traded on newdex is our governance token, not stablecoin token
hero member
Activity: 2282
Merit: 560
_""""Duelbits""""_
January 04, 2020, 08:10:44 AM
#5
VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?

yes , price vigor will be 1$ usdt per vig, but the collateral will be eos since its working based on eos network !
feel free to write any question you have, for more information could be found on our website & telegram group, all information are provided on website & telegram group



Why in the Newdex exchange is the price of VIG so cheap at $0,0007 or 0,000292 EOS? where is the stable price ??
Actually, I just heard about a stable EOS network token, and it hasn't been there yet in my opinion.
So what about the current cheap VIG price?
sr. member
Activity: 1540
Merit: 282
tBTC - https://dapp.tbtc.network/
January 04, 2020, 07:36:29 AM
#4
So this project is using the same concept as MakerDAO or DAI? When the competitor accepts major cryptocurrency as collateral to widen the scope of the project, this project on the other hand restricts its scope around EOS ecosystem. Why did you do that? Why limit your grow if you can try to do something big?
sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
January 04, 2020, 06:50:52 AM
#3
VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?

yes , price vigor will be 1$ usdt per vig, but the collateral will be eos since its working based on eos network !
feel free to write any question you have, for more information could be found on our website & telegram group, all information are provided on website & telegram group

sr. member
Activity: 1218
Merit: 251
January 04, 2020, 06:44:13 AM
#2
VIGOR Stablecoin looks interesting ?? Is this Vigor supported by Fiat so that it can be said to be stable? could the price be the same as USDT $1?
sr. member
Activity: 560
Merit: 290
www.thegeomadao.com
January 03, 2020, 03:15:41 PM
#1
Deleted, looks like suck project that accusing many thing to someone
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