Topic: [ANN]Constant Stable Coin MVP Launch: A more useful money - page 2. (Read 813 times)

Hi Dinhluc,

Great question. There are two ways to do this:

1. Convert your Constant to USD over our network. You can do this really easy on our website. You'll need to have verified your identity though, as the USD comes straight from Prime Trust, the regulated US trust company looking after our USD reserve. Once you've verified your identity, follow the steps on our site and you'll receive your USD (or local currency if you don't have a US bank account) as soon as your bank processes the transfer – usually a day or two, but maybe longer for some countries.

2. Sell your Constant for USD (or local currency) to a local buyer. The buyer sends USD or an equivalent local currency to your bank account, and our smart contract transfers your Constant to their account. Again, you can do this through our website.

Let me know if you have any other questions.

hello. Is getting free 5 coins still available? To get free coins i need to pass the KYC verify?

A big difference between Constant and USDT is that we regularly publish independent audits of our USD reserves. You can also see how many Constant have been created on our smart contract. Being able to do both of these things means you can always check we're matching Constant to USD.

You can sell it on crex24 for bitcoins


Btw. Question for the team....when you are gonna make discord channel? We need one

Hi team. Seems like your stablecoin is quite similar to tusd.
Thanks for your giveaways. How can I convert it to USD in my bank account?

I think everything is clear now. The only thing I do not see the differences in the functioning of the same coin, which works as a replacement for the dollar. Such a coin is called USDT on many exchanges. If so, that is good.

Hi mrdeposit,

Sure, no problem – sorry if I wasn't clear.

Constant is a stable digital currency that costs 1 USD to buy.  When you buy Constant, we put that USD into a trust and send Constant to your account. You can then store Constant for the long term, send Constant overseas, or sell it to local buyers – all for free, and without Constant losing value.

Then, when you decide to change your Constant back into USD, we take USD from the trust and send it to you, and at the same time, destroy your Constant. This ensures the supply of Constant always matches the supply of USD, which keeps the USD value of Constant stable.

Here's an example...

You buy 100 Constant from us, costing $100. You can then move that Constant around the world for free or save it. When you're ready to convert your Constant back into USD, we will destroy (burn) your 100 Constant and send $100 back into your bank account.

Why use Constant?

As a stable digital currency, Constant has many uses, including:

- Use Constant to send value to anyone, anywhere, for FREE.
- Use Constant to stabilize the value of your cryptos. If you're worried about Bitcoin losing value, for example, buy Constant and protect your investment until you're ready to trade again.
- Use Constant as a "virtual" USD account, whether you're based in the US or not, with FDIC insurance to $130M protecting your account.

What makes us different to other stablecoins?

1. Our focus on utility. We've designed Constant to be the most useable stablecoin ever, meaning you can manage or use Constant from your mobile phone, anywhere in the world, and change back into USD whenever you like.

2. Our transparency. You can see how many Constant is in supply as well as view public audits of our USD trust to ensure they match.

3. Our security. We never touch your funds – everything between you, us, and the trust company is managed by a smart contract on Ethereum. Also, since the trust company is an accredited US financial institution, your account is FDIC insured up to $130M.


I hope this has helped to explain things a bit more for you. You can also check our website https://constant.money and our Medium blog https://medium.com/@constantmoney to find out more.

Otherwise, please let me know if I can help further.

I didn't get the idea. Can you please explain with maximum simplicity? What is main difference among other stable cryptos?

Great! Glad you got your 5 free Constant. The speed of transferring to an eth address will depend on the ethereum network, but should be less than a minute.

Ok, got 5 constant now, but transfering to eth address is not instant?

Hi Kid_diK,

Sorry you're having trouble redeeming your code. You might be looking at the Vietnamese version of the site, which currently doesn't have the invitation code box. We're investigating this, but in the meantime, please change the language to English at the top right and you'll find the invitation code box beneath the email address and password boxes when opening your account.

If you still have trouble, let me know.

So you dont actually get 5 coins for registration as there is no place to enter the code for 5 coins they mention in OP

Hi Krezz2017,

It means that Constant's value is pegged to the USD. For every Constant we create, we deposit 1 USD into a US trust company, ensuring 1 Constant always equals 1 USD. Likewise, we burn 1 Constant for every one converted to USD.

You can buy Constant from us directly, through local sellers, or on Bancor, Crex24, and P2PB2B exchanges (with more to come very soon).

Hope this helps :-)

Hi 101nowby,

Thanks for your support. We'd love to include some other currencies as collateral for Constant in the future, but we chose the US Dollar first as it's the most stable fiat currency in the world.

We will eventually look at including other currencies and tokenized assets, but our priority right now is to give people a stable, secure store of value and the simplest way to do this was with the USD.

Sorry v2urs, I think there might be some confusion. We sell Constant for $1 each, always. We do charge a fee of 0.5% for converting Constant back into USD, though – is that what you were thinking of?

You wrote. "1: 1 with the support of the US dollar, the most stable world currency." What does it mean? You will value the value of your coin to the value of a dollar? And what will you provide it. For example, USDT works on many exchanges and is supported.

You sent your distribution to Asian countries.
This is a good decision. There is a huge need for this.
But why did you decide that you need to create another coin equivalent to a dollar?
You can consider an alternative to it. This is for Asian countries.
HKD CNY SGD KRW JPY INR

If your coin is 1:1 backed by the US dollar why you're selling it for $0.5?

It looks very unstable. Where is the stability?

Thank you! We'll let you know.

Thank you very much – we look forward to announcing more news soon.


Hi kevin52, great question. The answer depends on a few things, such as KYC, where you're based, and how quickly your bank can process payments. Assuming we've verified your identity (the KYC bit), the conversion takes place instantly and Prime Trust – the trust company looking after our USD reserves – sends the USD to your bank account. Since banks are typically slow, it might be a day or two to receive the USD (possibly longer if you bank outside of the US).

The fee to convert Constant to USD through our network is 0.5%, which reduces to 0.25% if you're a student or faculty member with a .edu email address. Fees start from as little $1 (200 Constant) for US bank account holders, and $35 (7,000 Constant) for international customers. You can also sell Constant to a local buyer for free. You can read more about our pricing on https://constant.money/static/pricing.

Let me know if you have any more questions