BlobFlow Decentralized Money replacing fiat currencies, Features and Latest Updates
BlobFlow, the decentralized money primary mission, is to replace the fiat currencies, BlobFlow's stabilization mechanism is powered by the baskets of the least volatile stable coins which will be selected by Flow holders.
BLOBs are the most reliable stable coins fully decentralized with Flow, and these BLOBs are backed by baskets of other stablecoins.
Stablecoin bridge the gap between traditional financial and crypto market. Pegging cryptocurrencies to stable coins allow traders to transact their money freely. The primary purpose of the stablecoins is to protect the assets of customers from altcoins volatility.
ivanzone is the founder of BlobFlow and he said about stable coins in his recent AtoZMarkets’ Interview :
"Stablecoins benefit from many advantages of cryptocurrencies, such as decentralization, transparency and seamless transfer, while reducing or eliminating volatility. This combination is a very elegant and powerful solution for global payments."
BLOBs are
. diversified with top stablecoins
. Driven by smart contracts
. Governed by FLOW token holders.
FLOW token:
The total supply of Flow token is 10 billion, and every person who will originate BLOBs, FLOW tokens shall be rewarded to those originators. FlOW token allows customers to participate in Voting powered by the unique voting mechanism.
How to Originate stable coins and receive FLOW tokens in Rewards:
There are only three simple steps through which you may able to get FLOW tokens in rewards.
1- Sign in with your active Metamask account.
2- Allocate approved stablecoins: BlobFlow smart contract will recognize if you are holding any of the pre-approved stablecoin and allocation of the stabelcoin amount is your own choice.
3- Generate BLOBs and get rewards in FLOW tokens: After all three steps you will receive the most stable and decentralized stablecoins BLOBs as well as rewards in FLOW utility tokens. Early BLOBs originators get more rewards than the late adopters.
Features of BlobFlow:
1- Diversification: BLOBs eliminate idiosyncratic risks specific to any individual stablecoin by diversifying among a basket of stablecoin selected by FLOW token holders.
2- Reliability: Diversified baskets act as hedges against the single failure of any one stablecoin.
3- Automated Re-balancing: As you can read about rebalancing in detail in BlobFlow whitepaper, BLOB always honors their peg by rebalancing collateral basket.
4- Smart Contract: You can read in detail in Whitepaper about BlobFlow smart-contract as BLOBs are fully automated on-chain with Smart contracts. Promoting trust, transparency, reliability, and resistance to censorship.
5- Anti Fiat: BlobFlow has launched the first four BLOBs BLOBUSD, BLOBEURO, BLOBGOLD, and BLOBSILVER followed by 20 other BLOBs, BlobFlow expects anti-fiat BLOBs that are not pegged to any fiat or commodity dominating in the future.
For more detail click here to watch video about BlobFlow stablecoins.
BlobFlow Social Network: Below i have given all the social media links related to BlobFlow, for any question contact to BlobFlow team in Telegram and on other social mediums.
Mt Telegram link: https://telegram.org/diljan001
My BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1039087
Twitter Profile link: https://twitter.com/humayunpaki
"Stablecoin bridge the gap between traditional financial and crypto market" I agree with this statement. and BlobFlow will be the most stablecoins in the future.
Yes, The primary purpose of the stablecoins is to protect the assets of customers from altcoins volatility.
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