- Chain: Binance Smart Chain
- Standard: BEP20
- Deflationary currency: USDT
- Token Page:https://stabiledeflation.com/?tokens/BTSD
- Swap interface:https://stabiledeflation.com/?swap
- Twiter:https://twitter.com/s_deflation
- Contract address is 0xfE7ac9277011562ab44BA802F7512cB02260865A -https://bscscan.com/token/0xfE7ac9277011562ab44BA802F7512cB02260865A
- Code status:Verified
- Source code:https://bscscan.com/address/0xfe7ac9277011562ab44ba802f7512cb02260865a#code
- White paper:https://stabiledeflation.com/res/pdf/BTSD.pdf
BTSD is in stabile deflation in relation to USDT. The price of BTSD is constantly rising compared to USDT, and can't falls.
How does it work ?
The BTSD smart contract allows users to swap BTSD and Binance-Peg USDT Token (contract address: 0x55d398326f99059fF775485246999027B3197955).
The starting price is 1 USDT.
The price of BTSD is calculated when the total supply of BTSD tokens is divided with the number of USDT tokens deposited on the BTSD contract address. This is actually the best price at which the contract can redeem all minted BTSD tokens.
Since the contract charges a 0.3% trading fee , this allows the price of the BTSD token to grow relative to the USDT with each swap. Fees are used to increase the price of BTSD.
The initial total supply of BTSD is 0. New tokens will be minted by swap USDT to BTSD.
Also when someone swap BTSD to USDT, Swaped BTSD tokens will be burned.
I hope I explained it well. If something is not clear to someone, feel free to ask
