Zetos, the algorithm stable DeFi coin. Here are the features of this token, its objectives and direct access to its official website.
Zetos focuses on Web3.0 technology and its applications across the algorithm stable DeFi coin of the BSC Binance ecological public chain.
If you follow crypto news, then this token should interest you, as its features are very interesting.
Money has played an important role in human history. Money is the product of the commodity economy.
Its appearance not only resolves the contradictions linked to the circulation of goods, but also promotes economic development.
The history of financial and economic development. In fact, the continuous evolution of currency forms has given rise to different forms of existence at different times.
The current theories that have a greater impact on the definition of money are:
- Marx believes that money is a commodity that acts as a general equivalent, and is an inevitable product of the development of commodity exchange and the development of value forms. In a developed commodity economy, money has five functions: a measure of value, a means of circulation, a means of payment, a means of storage, and a world currency.
- The monetary school represented by Friedman defines money as the habitat of purchasing power, and separates the buying behavior from the selling behavior.
- Keynes believes that money is a symbol used for debt payment and commodity exchange. It does not need to have the entity of precious metals, nor does it need to have intrinsic value.
- Mishkin, a famous American economist, defined money in his book “Monetary Finance”: Money or the supply of money is anything that is generally accepted in the payment of goods and services or in the repayment of debts.
Back in 2014, Robert Sams articulated this exact issue on Ametrano’s Hayek Money: Price stability is not only about stabilizing the unit of account, but also about stabilizing the store of value of the currency. Hayek Money aims to address the former, not the latter. It simply trades a fixed wallet balance against a fluctuating token price, and a fixed token price against a fluctuating wallet balance. The end result is that the purchasing power of Hayek Money wallets is as volatile as Bitcoin wallet balances.
Therefore, in the world of blockchain, various experiments are made to carry out currency value circulation, at a certain time or at multiple times.
Zetos is a token that adjusts its supply deterministically (i.e. using an algorithm) so that the price of the token moves in the direction of the price target Zetos Cash. At the most basic level, an algorithmic StableCoin expands its supply above a target price and contracts below it.
This ecosystem includes three base currencies: Zetos Share (ZES), Zetos Bond (ZEB), Zetos Cash (ZEC). These base currencies aim to move Zetos Cash (ZEC) towards a price of $1.
Zetos Share is a token that adjusts its supply deterministically (i.e. using an algorithm) so that the price of the token moves in the direction of the price target Zetos Cash. At the most basic level, an algorithmic stablecoin expands its supply above a target price and contracts below it.
When the currency price is too high, monetary easing is required, which is the so-called “water release”, and when the currency price is too low, the currency needs to be tightened. Legal tender in the real world, the future stability of a country’s currency, depends primarily on the national central bank. Equally important are the financial resources it deploys to maintain a dynamic balance between supply and demand for the currency. This ensures that the currency’s purchasing power remains within a relatively predictable fluctuation range.