Asdra is the capped supply native token of Asdra Protocol and Ecosystem.
Asdra Protocol is a decentralized platform that independently handles the Asdra Governance Token and all Algorithmic Stable Tokens FIAT : pegged currencies.
Asdra Protocol is an evolution 2.0 of the decentralized financial governance protocol built into Blockchain and smart contracts.
The demand/supply of each Stable Tokens is algorithmically passed from the Vault & Tokens Layer (Magic Hub).
The Asdra Protocol is defined in some cases as Algorithmic Semi FIAT Stable Tokens FIAT : Pegged.
Stable Tokens currencies FIAT: Pegged value (example "AsdraUSD") can be minted only by the Vault & Tokens Layer SWAP Asdra Token for an equivalent of "AsdraUSD", at the same time "AsdraUSD" SWAP can become Asdra Token. The Pegged 1:1 USD/AsdraUSD is automatically algorithmically maintained by the Vault & Tokens Layer smart contracts.
AsdraUSD pegged is carefully managed by the Vault & Tokens Layer. Participants holding Asdra Stable Tokens or Asdra Token are a fundamental part of Asdra Protocol, in times of contraction or expansion participants can benefit from SWAP Stable Tokens to Asdra Token or Asdra Token to Stable Tokens with a seigniorage concept.
Asdra offers a FIAT / Crypto Remittance service that provides a fast and reliable best rate solution for the global economy. Participants who have decided to deposit FIAT and transfer funds through remittance country to country will go through the Vault & Tokens Layer, a place fully handled by AI where FIAT currencies are held, the Vault & Tokens Layer holds a stable reserve of tokens after a number of users and volumes, capable of SWAP real-time FIAT to Asdra Stable Tokens instantly. At the same time, an unnecessary reserve of Stable Tokens is burned.
Each Asdra Stable Tokens Market Cap is set to 1M$, the Market Cap of the Stable Tokens can rise and fall according to algorithmic parameters.
Asdra Utility Token Max Market Cap is set to 1B$. Participants holding Asdra Utility Token are rewarded for their effort to maintain the platform stable with controlled inflation distributing directly linked to the profit generated by spread fees, remittance fees, and transaction fees.
To see the full set of token dynamics and economics details read the Token basics.
The issuance and removal of Asdra from the system are governed by a complex system of interdependent mechanisms designed to ensure that Asdra Stable Tokens are always fully collateralized.
Collateralization is a delicate mechanism inside the Vault & Tokens Layer that handles autonomously price, demand and supply.
Asdra Stable Tokens Pegged FIAT currencies are also minted providing FIAT as collateral, in the coming future commodities and properties assets may also be integrated into the pegged maintaining stability.
There is no hard-coded limit on the total supply of Asdra Stable Tokens.
The total market cap of Asdra Utility Token is set at 1B tokens.
The circulating supply of ASDRA tokens is set at 1 billion as a result of the community airdrop, Public ICO, Community & Exchange Development Fund. Between ICO, Community & Exchange Development Fund, and Early Stage Backers a total of 52% will be distributed to users.
To learn more about the Asdra Token Economy please visit the Token Basics details.