Buy Adirize by all means before it’s too late

Blockchain technology and the decentralized financial sector have made great strides in recent years, especially during the global pandemic. With the continuous developments in blockchain technology and cryptocurrencies, we have seen many sub-categories spend their time in the limelight in the crypto world. These subcategories include; NFT, Meme coins and Play-to-Earn tokens.

Why is decentralization an interesting concept

By eliminating middlemen and reclaiming financial power from centralized institutions and government agencies, decentralization opens up the financial system to anyone with an Internet connection. In DeFi, decentralized applications (DApps) or blockchain-based protocols regulate conventional financial activities such as asset exchanges, staking, issuance of stablecoins, lending/borrowing, trade, payments between peers and wealth management.

What is a decentralized reserve currency?

Essentially backed by a reserve, a currency is called a reserve currency. In essence, it is exactly like how central banks manage currencies under their authority using reserve assets. Unlike banks, a decentralized reserve currency, or DRC, administers its currency using bitcoin reserve assets maintained by the DRC protocol. Simply put, this assures token holders that the price of the issued token is backed by a reserve and will not fall below a certain floor value.

Before the middle of the 20th century, gold and silver were the most used reserves. Hard foreign currencies make up the bulk of current reserves. Several of them have been designated as reserve currencies by the International Monetary Fund (IMF). The use of foreign assets, deposits and loans as reserve currencies is possible. The United States dollar was declared the world’s reserve currency in the mid-20th century.

What is Adirize DAO

The US Dollar has been pegged to a stablecoin and has grown within the crypto community as it is less volatile than tokens like Bitcoin, Ethereum, and other Altcoins. Users feel secure when transacting with stablecoins because they know their buying power will remain constant over time. This is a mistake, however. Since the Federal Reserve and the US government control the currency, these stablecoins will also lose value if the US dollar does.

Unlike USDT or USDC, Adirize Token is not a semi-centralized stablecoin. Instead, Adirize intends to be a decentralized algorithmic reserve currency. Because of the fractional reserves from which it derives its intrinsic value, Adirize offers its clients floating value that they can always count on.

For more information about Adirize DAO, click on the links below

Adirize DAO (ADI)


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