Constant
CONST

0.2206
$
0.00 %
Change 24h
Market Cap
$ 0
Volume 24h
$ 0
Total Supply
100,000,000,000,000,000
CONST
$
Description
The Constant System is a decentralized global financial infrastructure that enables a new set of financial applications for consumers and businesses. At the heart of the Constant System, there is a decentralized, borderless, stable currency, called Constant. Constant is a cryptocurrency with 3 defining, differentiating characteristics that make it the ideal stablecoin. It is (1) a stable unit of account, (2) a secure store of value and (3) an efficient medium of exchange. Constant is not minted out of thin air; it is always backed by valuable assets. The first release of Constant is backed by the US dollar only, combining the creditworthiness and price stability of the US Dollar with the technological advantages of decentralized ledger technology (blockchain technology). By maintaining a strict 1:1 peg, Constant is 100% backed by its equivalent in USD, held in a fully audited Trust Vault, managed by an independent Trust Company.