Adirize DAO (ADI)
Stable coin technology is built on blockchain, promotes innovation, and acts as a bridge between traditional and DeFi financing. In simpler terms, a stable coin is a cryptocurrency whose value, is connected to an external asset such as gold or the US dollar. This attempts to reduce the price volatility. However, one limitation is that the value drops as the US dollar falls.
The Adirize DAO (ADI) aims to resolve this limitation. The team behind the project aspires to use the $ADI token to create a stable coin that is less volatile as compared to other cryptocurrencies making it ideal for day-to-day transactions. Moreover, the cryptocurrency should not depend on fiat currencies. Fiat currency, such as dollars or euros, is a government-issued currency that we can use daily. The purpose of $ADI is to function as a store of value and not rely on other currencies.
The Ecosystem
One of the highlights of the ecosystem is Adirize DAO’s liquidity. The concept in work here is that Adirize DAO (ADI) owns liquidity rather than renting it out. In this way, it eliminates the issue of liquidity margin. Moreover, they do not have to incentivize liquidity providers for fear of leaving the platform and moving on to others.
$ADI is the reserve cryptocurrency for Adirize DAO. The $ADI coin can be used as a stand-alone stable currency as well as a governance token for protocol. It is important to note that it is still different from other stable coins like Tether (USDT) or USDC.
Moreover, Adirize is a DAO ( decentralized autonomous organization). All the decisions regarding the platform have been actively taken by community members on the forum and token-holders through the process of voting.
Conclusion
To sum it up, Adirize DAO (ADI) can revolutionize the financial market if the concept and ambitious plans for the future are carried out perfectly. In the long term, it aspires to be completely decentralized and community-driven. For this, it gives token-holders power in proportion to their token holdings. Moreover, they get the right to vote on, propose, or even suggest modifications. Its other distinct features include the fact that it has less volatility being a stable coin, aims to act as a reserve currency, and uses techniques like staking and bonding to achieve monetary policy goals. The token will launch soon and let everyone see how it performs during and after the recent crypto market crash.
FOR MORE INFO:
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official
Twitter: https://twitter.com/AdirizeDAO
