Market Cap:
$1 613 224 898 870
(▼2.68%)
- Volume 24h: $102 671 773 465 (6.36%)
- Market Cap Change 24h: ▼2.68%
- BTC dominance: 44.71%
Monster Slayer Cash
MSC
- USD: $0.027
1h: ▲0.18% 24h: ▼7.23% 7d: ▼19.5%
- BTC: 0.00000084 BTC
All Time High: $24.49 3 years ago
Current price is -100 % from ATH
Current price is -100 % from ATH
- Cap: -
- Vol 24h: $17.86
- Total: 314 843 MSC
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About Monster Slayer Cash
MonsterSlayerFinance is an algorithmic synthetics platform: infinite-scalable, long-term sustainable, and decentralized.
Our approach to stabilization – implementing best practice of seigniorage combined with a special stabilization fund to limit the effect of post-farming dumping.
Monster Slayer Cash tokens are designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the MSC supply to maintain MSC's peg to 1 $BUSD token (which trades close to a single United States Dollar).
During epoch expansions (when TWAP - the time-weighted average price of MSC is above the 1 $BUSD peg), the protocol mints MSC and distributes it proportionally to all Monster Slayer Share (MSS) holders who have staked their tokens inside the boardroom. When MSC's TWAP falls below 1 $BUSD peg, Monster Slayer Bond (MSB) gets issued and can be bought with MSC at its prevailing price.
Our approach to stabilization – implementing best practice of seigniorage combined with a special stabilization fund to limit the effect of post-farming dumping.
Monster Slayer Cash tokens are designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the MSC supply to maintain MSC's peg to 1 $BUSD token (which trades close to a single United States Dollar).
During epoch expansions (when TWAP - the time-weighted average price of MSC is above the 1 $BUSD peg), the protocol mints MSC and distributes it proportionally to all Monster Slayer Share (MSS) holders who have staked their tokens inside the boardroom. When MSC's TWAP falls below 1 $BUSD peg, Monster Slayer Bond (MSB) gets issued and can be bought with MSC at its prevailing price.
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