USDL is probably the stand-out feature. How to market that

A smart friend of mine ;) explained usdl like this: What makes it special is it’s NOT pegged to a dollar. It’s not a stable coin. It’s a gas token that equals 100 transaction with "similarities of a dollar and 100 pennies or 1 cent transaction fees" Not being a stable coin is what keeps him legit. Whether its 3 cents or $1.30 cents, it’s still 100 transactions.

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12.10.2023

Joonas

Valion
A smart friend of mine ;) explained usdl like this...

I don't need 100 000 000 transactions. I need my USDL to be 1:1 to USDT.

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12.10.2023

J R

Valion
A smart friend of mine ;) explained usdl like this...

I like that explanation, my understanding is that 1 usdl will be worth $1 worth of transactions , not necessarily 100 transactions (although this would be amazing), it is how I read it and understood it here 👇🏼

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12.10.2023

Marty (no DM's) Автор вопроса

J R
I like that explanation, my understanding is that ...

me too. What gets tricky is understanding how stable USDL will be around the 1$ mark.

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12.10.2023

BoBB Y

Valion
A smart friend of mine ;) explained usdl like this...

This doesnt work at all for me. If usdl would sit around 0.03$ what have people staked for with "28% apy" the whole ecosystem in the future should be fundet by usdl . How can this work if you stake for 28% but its only worth a couple pennys

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12.10.2023

CryptoMitch

J R
I like that explanation, my understanding is that ...

So $1 worth of transaction regardless if it costs $1, $0.03, or $1.30. At some point what it costs will equal what it's worth in transactions. It only takes NOT accepting less than $1 for it, and it becomes a dollar again. It's the jeets that will accept $.50 that keeps it from being $1. In due time, after jeets do their thing, we will finally stabilize at $1.

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13.10.2023

CryptoMitch

BoBB Y
This doesnt work at all for me. If usdl would sit ...

It's still worth $1 worth of transactions. You are the one selling it for .03. If everyone sells it for what it's worth then it's worth $1

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13.10.2023

J R

CryptoMitch
So $1 worth of transaction regardless if it costs ...

Yes, love the mechanisms behind USDL where 1 usdl is to be worth $1 dollar worth of transactions, be it 100 transactions or 4 transactions, I believe I read somewhere where the average of the nodes will be taken to produce the Usdl

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13.10.2023

CryptoMitch

J R
Yes, love the mechanisms behind USDL where 1 usdl ...

No idea on transactions but once the network is pumping out transactions, the demand to buy USDL for Gas will be increasing! That's for certain!

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13.10.2023

J R

CryptoMitch
No idea on transactions but once the network is pu...