DarkCrypto DARKPrice $ 0.00072

DarkCrypto Protocol is the first ecosystem running around DARK - an algorithmic token pegged to CRO on Cronos chain. It involves an innovative solution that can adjust the stablecoin's supply deterministically to move the price of the stablecoin in the direction of a target price to bring programmability and interoperability to DeFi. Inspired by the original idea behind Basis as well as its predecessors, DarkCrypto is a multi-token protocol which consists of the following three tokens:

• DarkCrypto (DARK): the algorithmic token pegged to CRO
• DarkCrypto Shares (SKY): which holders can claim DARK inflation when the network expands
• DarkCrypto Bond (LIGHT): which can be purchased when the network is in contraction and can be redeemed for DARK when the network comes to its deflationary phase.

DarkCrypto token is designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the DARK supply to maintain DARK's peg to 1 CRO in the long run. Note: DARK actively pegs via the algorithm, it does not mean it will be valued at 1 CRO all times as it is not collaterized. DARK is not to be confused for a crypto or fiat-backed stablecoin.