Statik
[STATIK]Statik Price
$ 0.911-0.01%
0.0000472-0.18%
Statik Market Cap
24h Trade Volume
Supply
All-Time-High (ATH) Price
Statik Live Chart
Statik price Index provides the latest STATIK price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.
The Statik to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.
STATIK to USD Converter
Statik Live Info Today
Statik's current price is $ 0.911, it has dropped -0.01% over the past 24 hours.
Statik's All Time High (ATH) of $ 1.11 was reached on 24 Jun 2022, and is currently -18.2% down.
The current circulating supply of Statik is 77.69 Thousands tokens, and the maximum supply of Statik is 77.69 Thousands.
Statik's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 70.78 Thousands.
What is Statik
STATIK is the name of the Thorus protocol stable coin and it represents a core asset of the whole platform. How does it work:
- The user deposits 1 USDC.e as collateral, using the platform UI.
- Protocol mints 1 STATIK that the user needs to Claim.
- Protocol deposits 0.8 USDC.e into the Treasury.
- Protocol uses the remaining 0.2 USDC.e to market buy THO and deposits that into the Treasury as well.
- When the user chooses to Redeem their collateral, they return STATIK (which gets burned - taken out of circulation) and receive USDC.e back.
STATIK is fully crypto-backed since 100% of its value in collateral will be redeemable at any time. However, it does not require overcollateralized on mint. STATIK will be minted using USDC.e 1:1.
Thorus is an all-in-one cross-chain DeFi Platform with an adaptable treasury system, and a token holder first approach.
