|Exchange||Pair||Last Price||Change (24H)||High (24h)||Low (24h)||Spread||Volume (24h)|
DUSD (Dark Dollar) is a stablecoin pegged around $1, partially backed by collateral like USDC, USDT and DAI and partially backed algorithmically by DARK and NESS. The ratio of collateralized and algorithmic, so-called Collateral Ratio (CR), depends on the market price of DUSD.
At genesis, CR is 90% and the protocol adjusts the collateral ratio once every hour by a step of 0.25%. When DUSD is at or above $1, meaning the market’s demand for DUSD is high, the system should be in de-collateralize mode by decreasing the collateral ratio, minimum to 70%. When the price of DUSD is below $1, the function increases the collateral ratio, maximum to 95%.
DarkNess Dollar attempts to be the first stablecoin protocol on Cronos chain to implement design principles of both Entirely Collateralized and Purely Algorithmic Stablecoins. We are aiming to create a highly scalable, trustful, extremely stable, and ideologically pure on-chain money.
Darkness Dollar's current price is $ 0.798, it has dropped -0.18% over the past 24 hours.
Darkness Dollar's All Time High (ATH) of $ 0.834 was reached on 30 Aug 2022, and is currently -4.33% down.
The current circulating supply of Darkness Dollar is 299.36 Thousands tokens, and the maximum supply of Darkness Dollar is 299.36 Thousands.
Darkness Dollar’s 24 hour trading volume is $ 4.55 Thousands.
Darkness Dollar's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 238.86 Thousands.