About BANK (BRC)

Float Protocol is a low-volatility, floating currency designed for web3, featuring staking capabilities. Its main features include being crypto-native, supported by a diversified portfolio of crypto assets. The price stability is maintained through smart contract Dutch Auctions, which allow the supply to be adjusted as needed. It offers a way to protect your purchasing power and avoid the effects of monetary inflation seen in fiat currencies and dollar-pegged stablecoins. The system is decentralized, eliminating the need to trust third parties or depend on a single country's monetary policy. It employs a two-token system where BANK absorbs FLOAT's market volatility and addresses speculative demand, helping support FLOAT's price during downturns. Governance is open, with the initial BANK to...