Key Metrics

Real Volume (24H)$5.69
Fully Diluted ValuationN/A
ATH Date6/4/2022, 9:29:16 AM
ATL Date11/16/2022, 12:24:40 PM
Circulating Supply1.3B
Total Supply10B
Popularity Rank3854
What is Recast1?

If you're familiar with the world of cryptocurrency, you've probably heard about stablecoins. These digital assets are designed to maintain a stable value by being pegged to a fiat currency like the US dollar. However, Recast1 Coin takes a different approach. It's a "non-fiat oriented stablecoin" that aims to maintain price stability without being indexed to global fiat currencies.

So, how does Recast1 Coin achieve this? Unlike traditional stablecoins, it uses four factors that are solely influenced by the user community to maintain price stability. These factors include changes in the user pool, increase-decrease in the number of user transfers, increase-decrease in the number of staked users, and quantitative increase and decrease in the staked amount.

What this means is that the price of Recast1 Coin is not affected by the fluctuations of global fiat currencies. Instead, it is solely determined by the actions of the user community. This makes it a fully decentralized non-fiat oriented stablecoin.

The concept of Recast1 Coin is truly revolutionary. It offers a stable value without being tied to any global fiat currency. This means that users can enjoy price stability without having to worry about the volatility that often comes with traditional cryptocurrencies.

Moreover, Recast1 Coin is the first stablecoin that can be influenced by the user community in such a direct way. This makes it an exciting option for those who value community involvement and decentralization.

It's important to note that Recast1 Coin is not just a stablecoin. It's also a fiat currency that offers the same stability as traditional stablecoins, but with the added benefit of being influenced by the user community. This makes it an attractive option for those who want to enjoy the stability of fiat currencies without having to rely on centralized institutions.

Recast1 Coin is still in its early stages, but the potential is enormous. It has the potential to revolutionize the world of stablecoins and offer a new way for users to experience price stability in the crypto space.

In conclusion, if you're looking for a stablecoin that is truly decentralized and not tied to global fiat currencies, Recast1 Coin is an excellent option to consider. With its unique approach to maintaining price stability and its focus on community involvement, it's definitely worth keeping an eye on.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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