What You Need to Know about Stable Tokens (Crypto)by@BestofICOs
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2,867 reads

What You Need to Know about Stable Tokens (Crypto)

by Best of ICOs5mNovember 16th, 2017
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One of the most criticized aspects of cryptocurrencies is the fact that they change in value dramatically over short periods of time. Imagine you bought $100 worth of an ICO’s token last week, just to find out that this week your tokens are worth less than $50? If this token is unlinked to anything but the utility of a product, that means that <a href="https://www.bloomberg.com/news/articles/2017-11-01/shining-star-of-initial-coin-offerings-crashing-back-to-earth" target="_blank">you lost 2x the value</a> in a week. As a speculator you may not care, but as a user, it is alarming. This problem can potentially be solved through <strong>stable tokens</strong>.

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