“A basic drawback with crypto is within the capacity of cryptocurrencies to justify their coin costs,” says Brinc Finance co-founder Luke Shim. “Bitcoin and Ethereum are nice blockchains however not as robust as currencies, whereas stablecoins like Tether characterize the whole lot that crypto is just not purported to be: centralized, opaque, and topic to US Federal Reserve financial coverage. My thought was easy: to create the primary cryptocurrency with actual worth that is utterly decentralized.”
In contrast to stablecoins tied to fiat currencies, BRC is a reserve-backed cryptocurrency that holds a measurable worth of DAI on-chain. The BRC Token presents worth stability however reverses the inflation inherent in cryptocurrencies by progressively rising the worth of the token through a bonding-curve algorithm that units worth as an rising operate of provide. All charges generated within the minting and burning of BRC Tokens are redistributed again to holders in a sustainable staking rewards mannequin.
Customers can go to Brinc.Fi to enroll in early entry to the Brinc Spearhead Program, the invite-only closed BETA. Taking part early adopters may have unique entry to governance tokens, neighborhood rewards, and extra.
About Brinc Finance
Brinc Finance is a decentralized crew situated in Seoul, San Francisco, and Los Angeles that’s constructing seismic purposes for the defi house. The Brinc Token (BRC), is a next-generation cryptocurrency that blends excessive ROI, transparency, liquidity, and intrinsic worth to ship a cutting-edge, value-packed token powered by the neighborhood.
SOURCE Brinc Finance