Introduction

  • SASH (sigmoid cash) is a new generation algorithmic sustainable stable-coin.apply for Whitelist.
  • The price of SASH has the tendencies to return to a projected price.
  • The MA value of SASH to USD will always increase. It has no upper limit.
  • SASH is Death Spiral resistant. SASH…


Lydians thought to be one of the first adopters of money. Other countries and civilizations soon began to mint their own coins with specific values.

Why Money?

One can argue about if money has been invented, or it appears spontaneously as one good is universally recognized as a medium of indirect exchange. In a barter economy, the role of a measure of value of all goods is absent. To effectuate any exchange, two individuals must have the good or service that the other one needs; thus the marginal considerations bring a slight increase and diminution of the utility of certain good or service, making the exchange possible.

When the division of labor increases the need of indirect exchange, money appears. From precious metal to government issued cash…


Introduction

SASH is bond based. The only way to mint SASH, is to deposit a stable coin into a bank contract. By doing so the investor will receive SASH bond. On the redemption date, bondholders will receive their SASH reward and their principal.

We…


GITHUB

Simple Summary


GITHUB

Simple Summary


Why earlier generations of algorithmic stable coins are not working, and how we solved the problems

The Death Spiral of algorithmic stable coin

Basis Cash and many earlier algorithmic stable coins ask investors to hold their tokens by giving them more. This is basically the worst choice that they can make. It‘s because of:

1. The big players have almost unlimited control over the minting of tokens and can produce tokens at near-zero cost.

2. The demand for token becomes unit elastic, in response to changes in the value and price of token (1/P)

Here’s how the money supply and demand graph looks like:

Their minting policy has switched from influencing the demand for the MOA (under the USD standard), to a policy…


Introduction

SASH is bond based. The only way to mint SASH, is to deposit a stable coin into a bank contract. By doing so the investor will receive SASH bond. On the redemption date, bondholders will receive their SASH reward and their principal.

We propose a new…

Sigma Protocol

DEFI project, a bond based monetary model. https://sgm.finance/ http://t.me/sigma_protocol

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