Dear Respected Users,
Hotbit is scheduled to list DSD (Dynamic Set Dollar) on Global Section and launch【Hotbit’s DSD Investment Product】
Expected Rate Of Annualized Return：10%（The rate of interest is determined by the daily updates of Hotbit’s official website）；Redemption Period：T+1
Deposit function launches at: 2020.12.31 07:00 AM UTC
Trading function launches at: 2020.12.31 09:00 AM UTC
Trading Pairs: DSD/USDT, DSD/BTC
Warm Tips: DSD Epoch Duration is one Epoch every 2 hours currently , each adjustment doesn't affect users’ balances, but it will still grow or shrink the total supply, thus may causing changes in the market price.
Once again, users are reminded to read the project mechanism and risks involved in detail before investing, and the details of the DSD token operation mechanism can be found in the introduction below.
【Hotbit users exclusively enjoy “Minus Maker Means Minus Transaction Fee” mechanism. By placing and settling any maker order, the user will enjoy 0 transaction fee and an extra 0.15% of the trading volume of his/her maker order as reward on Global Section!】
Project Name：Dynamic Set Dollar
Dynamic Set Dollar (DSD) is an ERC-20 self-stabilizing decentralized censorship-resistant non-collateral backed USD stablecoin.
Protocol Core Dynamics
In order to maintain the USD peg, DSD features 12 epochs per day in which the supply change of DSD is managed. Per epoch the supply can max. extend, or max. contract by 10%.
Epochs; The epoch defines the period in between rebase events in which the supply regulation is managed and a supply expansion or contraction is assessed. The difference between the DSD TWAP price and 1 USD tells whether the supply will extend or contract.
Debt; In the event of a sub 1$ DSD TWAP price a supply contraction will happen and new debt is minted. This debt can be purchased as Treasury Securities (TS) which then can be redeemed for DSD with a premium as soon as a future epoch will be positive again.
Supply Regulation; The supply change solely depends on the DSD TWAP price. If the TWAP price is below 1$, new debt is minted. If the price is above 1$, the supply will extend. To participate in supply extension all TS have to be redeemed first, and you either have to stake your DSD in the DAO, or be a liquidity provider.
There are two main core differences between DSD and ESD:
More frequent epochs: In order to respond faster to price discrepancies, DSD features 1 epoch every 2 hours, equalling to 12 epochs per day. This helps DSD to stabilize its price and to react more accurately to market demands.
Different supply change formula: By implementing a dynamic supply change that is not artificially capped unlike ESD, DSD is able to adapt supply regulation more precisely according to the current market demand. As DSD faces 4-times as much epochs per day as ESD, the supply extension/contraction factor is divided by 12.
Token type: ERC-20
Total supply: 141,942,357.27864088355821457 DSD
Official Website: https://dsd.finance/
The investment on cryptocurrency projects is subject to high market risks.Please make your investments cautiously. Hotbit will make best efforts to choose the cryptocurrency projects with high quality,but Hotbit will not be responsible for any of your investment losses.
Thank you for your support！
About us ：
Hotbit’s Official Website： https://www.hotbit.io/
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