Balanced Dollars BNUSD

1. Summary

Ranks

Liquidity

88

Developer

-

Social

61

Momentum (beta)

0

Stack Rank™

-

Price

$1.01 +0.7%

Market Cap

$5.07M (#2022)

Supply

/

Tags

Near Protocol Ecosystem Archway Ecosystem

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Price
52W High price	$1.01
52W High date	13th Aug 2024 (8 months ago)
All Time High (ATH) Date	22nd Feb 2025 (2 months ago)
All Time Low (ATL) Date	22nd Feb 2025 (2 months ago)

Supply & Trading Volume
Trading Volume (24h)	$120,895.00

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Description

Balanced Dollars (BNUSD) is an algorithmic stablecoin backed by ICON (ICX). It is designed to mitigate market volatility and maintain a stable value equivalent to one US dollar. The CPS (Contribution Proposal System) assigns funding to applications in BNUSD, ensuring that funding stays predictable and retains its value during market downturns. This...

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Balanced Dollars (BNUSD) is an algorithmic stablecoin backed by ICON (ICX). It is designed to mitigate market volatility and maintain a stable value equivalent to one US dollar. The CPS (Contribution Proposal System) assigns funding to applications in BNUSD, ensuring that funding stays predictable and retains its value during market downturns. This setup provides a competitive advantage for projects receiving grants compared to those receiving funding in volatile assets.

The CPS operates under a decentralized manner, utilizing validators on the ICON network to rotate between application periods and voting periods. Validators can influence the growth of the ecosystem by participating in the CPS. By providing a bond for CPS proposals, validators can earn a 20% ROI upon the successful completion of projects. Applicants can submit proposals during an application period, and validators approve or reject them in the voting period. If approved, the funds are distributed in BNUSD rather than volatile assets.

The Balanced Dollars stablecoin is decentralized and backed by cryptocurrency as collateral. This over-collateralized strategy ensures that the supply of BNUSD does not exceed its guaranteed value. Users can borrow Balanced Dollars for interest, trade them on the exchange, or use them to supply liquidity and earn rewards. The Balanced Dollar has been designed for simplicity and is part of the Balanced DeFi protocol, which supports various blockchain assets and aims to simplify the use of decentralized finance.

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