The first token will be pegged on the U.S. dollar. The company says it hopes the token can be a stabilization service for utility tokens and become a stablecoin.
Read more here: The New Project Fragments Raises $3 Million for a Fixed Price Stablecoin
Read more here: The New Project Fragments Raises $3 Million for a Fixed Price Stablecoin
Give me a break! Many ICOs are trying to create stablecoin, however we all know it is really hard thing to do. If you look at tether PEG and the way token/coin can be manipulated to "print more than you have in reserve" simply tells us that this is indeed hard thing to do. Even ones with corateral, sometimes fail to keep their prices stable. Honestly I don't see this ICO as being something spcial, let's see if they can prove that they are good, look at token name : "Pythagoras Pizza" if I got it right from that small article, I do believe they need to have more serious name tho.