THELOGICALINDIAN - ViralCoin is advised to become the gold accepted for crypto cable payments
ViralCoin, an arising cryptocurrency activity centered about cable payments and amount stability, has appear capacity of its atypical stabilization mechanism. According to James McLendon, ViralCoin founder, the ViralVault arrangement utilizes on-chain arbitrage to accumulate the amount almost stable, behindhand of crypto bazaar conditions.
On-chain Arbitrage To Keep Price Stability
“If the VIRAL amount increases too high, again the ViralVault mints added VIRAL and transfers the newly-minted VIRAL into the clamminess pool. Similarly, if the VIRAL amount decreases too abundant again the ViralVault purchases the balance VIRAL and burns it to rebalance the price,” explains McLendon.
According to the project’s founder, there is no allurement to advertise or avenue aboriginal because the badge amount is broadly the aforementioned for all users, behindhand of back they bought in.
McLendon adds:
“With ViralCoin, holders acquire a 3% absorption on every transaction on the arrangement and the amount maintains stability, consistent in accord of apperception as their VIRAL antithesis will abide to access after desperate drops in the cryptocurrency’s bazaar price. This architecture allows holders to absolute their absorption to their VIRAL antithesis increasing, rather than absorption on amount fluctuations, as with abounding added tokens. ViralCoin is advised to accomplish in a bear, bull, or aberrant market.”
ViralCoin is advised to become the gold accepted for crypto cable payments. Holders of VIRAL can pay their alternating subscriptions for assorted services, artlessly by spending the antithesis balance they’ve earned. As McLendon explains, “We’ve reimagined how subscriptions should work, eliminating the charge to consistently bushing annual balances. This is a huge archetype about-face for cable payments.”
The ViralCoin acute affairs affection mechanisms that accomplish beyond seven EVM networks to acquiesce “gas stations” to be set up. This enables holders to pay subscriptions with VIRAL instead of application the network’s primary tokens (e.g. ETH, MATIC, or BNB). “Requiring a gas badge such as ETH to absorb addition badge you are already captivation is ridiculous,” ventures McLendon. “This is why the VIRAL gas stations are cardinal to the cable industry and will acquiesce us to insulate ourselves in a buck market.”
ViralCoin is currently adopting $10 actor USDC for an continued three-year beat attack to accompany awareness, utility, and association growth, authoritative VIRAL the de facto badge of the crypto cable industry.
ViralCoin is a blockchain-based cryptocurrency project. Comprising the built-in VIRAL token, a awful affianced community, and the ViralWallet, the activity is committed to authoritative cryptocurrency cable payments added attainable in accustomed life.
