Fake ICOs

ICO is an initial coin offering. One of the most popular seed funding methods among cryptocurrency startups. This is similar to IPOs in traditional finance, with the difference that IPOs are usually used by long-established and well-established companies including https://nearpay.co/, while ICOs are usually used by young and risky ones. Some ICOs brought huge profits…

Dai (DAI)

Type: Backed by Cryptocurrency Blockchain: Ethereum Current issue: 8 780 170 930 DAI Exchange rate fluctuations: min $0.9 – max $1.22 Website: https://www.makerdao.com/ Let’s start with the highly sought-after stablecoin, which is in the top 30 by market capitalization of all existing cryptocurrencies. If issued by the decentralized organization MakerDAO. This is the only fully…

What are decentralized stablecoins

Decentralized stablecoins are completely transparent and don’t involve custody. The collateral (if any) is in the smart contract and not in the accounts of any regulated company. In addition, the collateral can be seen by everyone without exception, using the usual browser for the public blockchain. This increases the reliability and security of the stablecoin.…

Types of stablecoins

Stablecoins are tokens that lack the volatility of conventional cryptocurrencies and therefore can be used as an analogue of fiat money in the blockchain sector. Stablecoins are usually classified by the way they underpin their stability. Based on this, the following varieties can be distinguished: Backed by fiat. As an example, the most popular stablecoin…

Advantages of BUSD over other centralized stablecoins

If we talk about stablecoins in general, they can be divided into “centralized” (although they work on the blockchain, but are issued by a centralized company and are strictly regulated by the government) and decentralized, algorithmic. Each option has its own advantages and disadvantages. For regulated stablecloins, the main indicator of reliability and stability is…