In the ever-evolving world of digital currencies, CENTUS stands out as a unique and innovative stablecoin. Unlike traditional stablecoins that are pegged to specific assets, such as fiat currencies, CENTUS is tethered to the cost of living. This ensures that its value remains consistent with the purchasing power required to maintain a certain standard of living. Here's a closer look at how CENTUS is revolutionizing the stablecoin landscape by offering inflation compensation and basic income to its holders.
CENTUS: A Stablecoin Tied to the Cost of Living
The primary objective of CENTUS is to safeguard its token holders from the volatile swings of the cryptocurrency market and the broader financial ecosystem. By pegging its value to the cost of living, CENTUS ensures that its holders always have a stable purchasing power, irrespective of the economic conditions.
Inflation Compensation: A Unique Feature
One of the standout features of CENTUS is its ability to shield its holders from inflation. Inflation erodes the purchasing power of money over time, meaning that the same amount of money can buy fewer goods and services in the future than it can today. To combat this, CENTUS offers its holders seigniorage payments as a form of inflation compensation.
The amount of compensation is determined based on the inflation data from the previous month, as provided by the U.S. Bureau of Labor Statistics. This ensures that the compensation is always in line with the actual inflation rates, offering a real-time solution to a problem that has plagued economies for centuries.
Basic Income: A Step Towards Financial Inclusion
In addition to the inflation compensation, every CENTUS holder is entitled to a basic income in the form of BINCOME and BINC tokens. These tokens are distributed daily, with additional payouts made on Tuesdays and Fridays by the Basic Income Foundation. This initiative not only provides a steady stream of income to CENTUS holders but also promotes financial inclusion and stability.
CENTUS and USD: The Value Parity
To provide a clearer understanding of its value, 100 US Stable Cents (CENTUS) are approximately equivalent to 1 US Dollar (USD). This parity ensures that users can easily relate the value of CENTUS to a widely recognized and accepted standard, making transactions and conversions straightforward.
CENTUS is not just another stablecoin in the market; it's a visionary approach to ensuring financial stability and inclusion. By offering inflation compensation and a basic income, CENTUS is setting a new standard for stablecoins, making it an attractive option for those looking to protect their assets and receive a steady income in the unpredictable world of cryptocurrencies.
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