AMA RECAP — Whale Blockchain Enthusiast with Tstable.Cash
On 12th February 2021, Tstable Cash conducted an AMA in the Whale Blockchain Enthusiast. Our guest is Tstable Cash team.
Lots of questions as usual from the Community about Tstable Cash progress. The Tstable Cash team took part in a very interesting AMA session which included Project introduction, Questions from twitter, and a live AMA session with the WBE community. If you missed the AMA in person, read this recap for a deeper insight into Tstable Cash.
Let’s take a look at the most interesting points of our conversation.
🐳 Segment 1: Project introduction
Before starting today’s AMA, could you please introduce yourself to our Community .
Tstable Cash team: Let’s begin with some development team background. First of all, you guys can call me Vivian, that’s what all my friends called me.I’m the CMO of Tstable Cash project. And my team members are the one bring the Tstable Cash project to the public.Tstablecash has a strong technical team and TRON (TRON) core technical team to provide complete and mature technical support.I’m so proud of my team members.So yeah, if you looking for a professional DeFi team, is us., the one and only — Tstable Cash dev team.
Could you introduce what is Tstable.Cash ?
Tstable Cash team: Tstablecash stable coin on Tron network.The Tstablecash protocol has 3 tokens — $TSC | $TSS | $TSB.Like the popular algorithmic stablecoin projects Ampleforth, Basis, ESD, Basis Cash, etc.,
Tstablecash is a stable token project with an algorithmic banking mechanism. Later, the concept of bond tokens was introduced to create a completely unsecured stable token. This mechanism has made an attempt to break away from the collateral, allowing the idea of internal anchoring to stabilize the token to truly land. The holders of Tstable Share share the part of the new issuance of stable tokens after repaying the Tatable Bond as dividends.
Tstable bonds are tokens that are used as rewards for dividends, so what’s the difference with other tokens in Tstable.Cash?
Tstable Cash team: TSS Shares are a medium of governing the protocol, and receiving seigniorage rewards through the Boardroom. TSS are an implementation of the Seigniorage Shares paper
How is Tstable.Cash different from other projects?
Tstable Cash team: The Tstable Share holder will have the ownership to receive the Tstable Cash inflation reward, the inflation shall only occur when Tstable Cash price is above $1.
Tstable Bond is the token can be purchased while TSTABLE Cash price lower than $1, you can swap Tstable Cash for more Tstable Bond.
When Tstable Cash price is above $1, you can swap Bond back for Cash with 1:1 ratio.
Tstable Cash will be the best fork of Basis Cash.I’m sure you guys can figure out that I’m a huge fan of Basis Cash, I been following Basis Cash since October 2020.I have to say, huge respect to the Basis team.Job well done Basis!I love the whole Basis idea, especially when they move the Federal Reserve system into DeFi.Tstable Cash will be the next generation of stablecoin.
What is the difference between Tstable Cash and Tstable Shares?
Tstable Cash team:
Tstable Cash
Every Tstable Cash aims a peg to 1 U.S. Dollar, and is intended to be used as a medium of exchange.Its supply is expanded and contracted indirectly through shareholder seigniorage dividends in order to maintain the peg.
Tstable Share
Shares are a medium of governing the protocol, and receiving seigniorage rewards through the Boardroom. Tstable Shares are an implementation of the Seigniorage Shares paper .they are not pegged to anything; as TSC adoption grows, so does TSC S’ value.
TSC is the core token of Tstable Cash. Can you explain tokenomics Tstable Cash? It looks like total supply, allocations for sales, team, marketing and etc .
Tstable Cash team: Tstablecash, blessed by the TRON star project halo,The total pre-sale is 500,000 TSC (hard cap), the price is 0.95U,
1. Users who successfully participate will be eligible for recommendation;
2. The referral relationship takes effect after recommending others to participate in the pre-sale panic purchase, the first generation 3%, the second generation 2%;
3. Among the inflation rewards, 3% is used for project development, and the remaining 97% is evenly distributed to currency holders.
be notiece 97% is evenly distributed to currency holders.
How can investors invest in TSC? Is Tstable.Cash doing a private sale or presale? Could you please provide details regarding the token sale, if any.
Tstable Cash team: unfortunately our pre-sale already closed. here is the info for the reference.
lastest info is on our offically twitter;https://twitter.com/tstablecash
you can still join the #Defi #StableCoin system on #TronNetwork.
http://Tstable.Cash/bank pools launched just now!
Get $TSC by staking #USDT #TBTC #TRX #SUN. Then get $TSS by providing liquidity to TSC-TRX in #JustSwap.
🐳Segment 2: Questions from the Twitter
Question from @AlbertEdision
“Buy, sell and provide liquidity for Tstable Cash and Tstable Shares on Justswap”
That is what Tstable Cash and Tstable Shares are used for. So, what are the uses of TstableBond?
Tstable Cash team:
Tstable Cash
Every Tstable Cash aims a peg to 1 U.S. Dollar, and is intended to be used as a medium of exchange.Its supply is expanded and contracted indirectly through shareholder seigniorage dividends in order to maintain the peg.
Tstable Share
Shares are a medium of governing the protocol, and receiving seigniorage rewards through the Boardroom. Tstable Shares are an implementation of the Seigniorage Shares paper .they are not pegged to anything; as TSC adoption grows, so does TSC S’ value.
Bonds are special IOU tokens designed to contract TSC supply. They can only be bought when the TSC price is below the peg by a pre-set threshold. Bonds promise the holder premiums when TSC pricing returns to its 1 dollar peg.
Questions from @brunohernades
Tstable.cash is a project that uses an algorithmic banking mechanism system for the purpose of break from collateral. What are the advantages of the system that Tstable.cash uses over other DeFi systems?
Tstable Cash team: We have at least 6 liquidity mining pools for Tstable Cash. There is a lots of options, you can check the detail on our website. If you staking your lp tokens, you may obtain the Tstable Cash or Tstale Share as reward. The earlier you stake, the bigger reward you shall get.
Question from @mela8013
On which types of Industries & user base $TSC project is mainly focusing on? Do you plan to establish partnerships with local cryptocurrency developers in each country to make the use of $TSC more global?
Tstable Cash team: Project roadmap
2021.1.25 Scarce bonus quota pre-sale
2021.1.28 TstableCash goes online
2021.1.28 Liquidity mining started
2021.1.28 justswap open exchange
Community play the most important role, the one who decided the Tstable price. Therefore decided which mechanism that the contract shall use to keep the price stable around $1.we do love to cooperate with the local communities
Question from @satoshin_1996
Tstable.Cash Prepared $TSC & $TSS mining on February 9th. Where can the community do mining? And what are the conditions for getting started with $TSC & $TSS mining?
Tstable Cash team:
https://tstable.cash/index
https://tstable.cash/bank
at moment you can start mining through the TP wallet with our Dapp address. get $TSC & $TSS from the justswap
TSC contract address: TMNMmRQfQuWSZqpiy99duKES6upCeiJQZN
TSS contract address:T XyMNfbgV6bmP7W4cVaQMCYwmXDbABkynF
Question from @Lan_Kuy
TstableCash, TstableShare and TstableBond, what are the functions of the 3 types of tokens you have? Can you tell me about the uniqueness of TstableCash, TstableShare and TstableBond which might be a future asset?
Tstable Cash team: To help you understand the different could be complecated. The simple version is: TstableCash is the stablecoin with target price $1. TstableShare is the share to recieve the inflation token reward. TstableBone is the bond to buy more TstableCash while the price is below $1.
SO TstableCash might be a future asset
🐳Segment 3 : Free Asking / Live Questions
Telegram User: Is the plan to list Tstable Cash (TSC) on a top 50 exchange?
Tstable Cash team: ofc,to list on the exchages is our next plan. we are talking with some exchages now
Telegram User: Why did you choose the TRON network to develop your project? Will you add other networks in the future?
Tstable Cash team: TRON is a decentralized virtual machine that was built to help usher in the decentralized internet. Similarly to Ethereum, TRON enables Dapp developers to create and utilize complex protocols via smart contracts that live on its native blockchain. Specifically, the platform is capable of 2000 transactions per second. This performance puts TRX on par with major payment processors such as PayPal. Best of all, TRON has zero transaction fees. You can send a million dollars in TRX to anywhere in the world in seconds and never have to pay a fee.
Telegram User:
1-Increasing Token price
2- make Token Valuable
3-Building Community Trust
In terms of per capita income for the fiscal year 2020–2021, what do you think needs to be done first
Tstable Cash team: 3 building Community for sure,Community play the most important role, the one who decided the TSC price.
Telegram User: Each project has interesting stories before it is created. So can you tell people about the story that gave you the motivation to build and develop a great project like your?
Tstable Cash team: To be honest, we feel great about it, Even the answer is same, but we are doing it to different people, different group. Is a nice thing that bring more people into Tstable Cash community. I will keep doing it💪🏻
Telegram User: Lots of projects have appeared and issued their own tokens or coins, but many projects failed to disappear (SCAM) because they could not develop their tokens or coins, how did Tstaable Cash achieve success and tell us that Tstable Cash is not a SCAM project?
Tstable Cash team: AS we don’t have any access to the inflationary system. The system is controlled by contract, and contract is controlled bt the community.The contract will only proform 2 different type, one is above $1, other one is under $1. The Dasis Cash price will be decided by market, so is the inflation system.Like I mentioned before, Tstable Cash is an 100% fair project😁
Thank you for answering all questions and thank you also for introducing the Tstable.Cash to our community. Before ending AMA, is there anything to say to the Whale Blockchain Enthusiast community. Before I opened the chat again
Tstable Cash team: in the end i Share our audited report with the community
https://tstable.cash/pdf/web/viewer.html?file=/Tstable_cash_audit_report.pdf
100% Decentralization
For more information and future AMA, join our Social Media channels:
🐳 Whale Blockchain Enthusiast Group: https://t.me/WBEcommunity
🐳 WBE News: https://t.me/WBEnews
🐳 WBE Twitter: https://twitter.com/WhaleBlockchain
🐳 More information on Tstable.Cash:
🔸Website: https://tstable.cash
🔸Twitter: https://twitter.com/tstablecash
🔸Telegram: https://t.me/tstable_cash
