Is Kelp the key to a more stable future for crypto: AMA recap

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

United States Headlines News

Achieving long-term price stability in a volatile market is a constant challenge for crypto. Kelp offers a compelling answer with a blend of blockchain, on-chain data, and monetary theorem

.," Bishop said, describing the essence of Kelp."It's a hybrid of the two that adjusts its supply to inflation in the real economy and maintains its purchasing power over time. We use a monetary theory called the quantity theory of money. It is codified in our protocol, which monitors economic activity and predicts the ideal circulating supply to maintain price stability.", uses various economic indicators to understand market conditions.

He then delved into the seed phase they're going through:"Part of the initial phase is getting Kelp Protocol to make accurate predictions, so we do a lot of simulations to figure out what the expected effect is. There are algorithms that determine interest rates and token release strategy, which is our guiding protocol for the seed phase. For people who want to sell, we have Liquidity Guard.

According to Bishop, Kelp prioritizes building a large user base and targets 1-2 million users for the official launch. They are allocating 25 billion Kelp tokens through the Kelp Reservation Program, which can be earned through referrals or by completing gamified tasks. All of this is available through the Kelp app, which also serves as a self-custodial Web3 wallet.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why some of British Columbia's kelp forests are in more danger than othersLush underwater forests formed by large brown seaweeds known as kelp are among the most abundant and productive coastal ecosystems in Canada.
Source: physorg_com - 🏆 388. / 55 Read more »

How kelp farms, an 'environmental powerhouse,' can help mitigate climate changeKelp can help to fortify the environment amid warming temperatures.
Source: ABC - 🏆 471. / 51 Read more »

The Challenges of Achieving Absolute CybersecurityCompanies are realizing that absolute cybersecurity is not achievable due to the complexity and dynamism of digital environments. Risk management and resilience are more attainable goals. The human factor and hidden vulnerabilities in cybersecurity products and services pose significant challenges.
Source: ForbesTech - 🏆 318. / 59 Read more »

Eva Thomas's Journey to Achieving Youthful SkinEva Thomas shares her experience of wanting to appear younger and how she transformed her skin from rough and wrinkled to plump and smooth.
Source: InStyle - 🏆 103. / 63 Read more »

Tesla's Secret Master Plan: Achieving the ImpossibleTesla's journey from phase one to creating the mass-market electric car, the Tesla Model 3, is a marker in automotive history. While some believe Tesla needs to produce a smaller, cheaper car to complete its mission, the company's achievements cannot be denied.
Source: cleantechnica - 🏆 565. / 51 Read more »

A lifeskill for achieving greater clarity, attention, and decision-making.Discernment is a lifeskill for achieving greater clarity, attention, and decision-making.
Source: PsychToday - 🏆 714. / 51 Read more »