A private US dollar stablecoin backed by a decentralized note issuance and redemption system. Users holding Equilibria (XEQ), an on-chain asset with elastic supply, can issue Equilibria Dollars (USDE) - a stablecoin worth $1 US dollar.
|Hashing algo||CN GPU|
|Block time||120 sec|
|CN Lite V7||08. Dec 2018|
|CN GPU||18. Nov 2019|
Equilibria is a rebrand of Triton (XTRI)
Circulating Supply: 20,518,150.691
Max Mineable Supply: 84,000,000
Premine: 3M from 2018, 1.6M left
RPC port: 9231
P2P port: 9230
Anyone with Equilibria ($XEQ) can issue $USDE – a stablecoin redeemable for $1 of $XEQ. Equilibria stabilizes $USDE with a single blockchain network. No complex collateral bets. No offshore banks. Read more here.
How the USDE Stablecoin Works
We use the term ‘Equilibria Protocol’ to describe our proposed ecosystem for creating the US dollar-pegged stablecoin ‘USDE’ supported by the volatile coin ‘XEQ.’ Both coins, and the supporting market transaction data, will be written into the same blockchain – currently traded as Equilibria (XEQ) – a hybrid proof of work/stake cryptocurrency based on Monero.
The Equilibria Protocol has three overall functions:
A. To determine a robust, accurate, decentralized, and difficult to manipulate issuance and redemption rate for conversions to and from USDE.
B. To assure that this issuance and redemption process, combined with normal mining and oracle node payouts, cannot result in hyperinflation and collapse of the XEQ⇌USDE ecosystem.
C. To perform correct, fair, and permanent accounting for XEQ⇌USDE issuance and redemption.,
Equilibria ($XEQ) holders can issue $USDE – a contract redeemable for $1 of $XEQ.
Oracle node network algorithm converts market data into $USDE issuance and redemption rates.
Every transaction you make is private and secure via ring signatures and stealth addresses
A community project with public code. Anyone can contribute ideas.
Equilibria can be used by anyone with access to blockchain technology.