“A elementary drawback with crypto is within the potential of cryptocurrencies to justify their coin costs,” says Brinc Finance co-founder Luke Shim. “Bitcoin and Ethereum are nice blockchains however not as sturdy as currencies, whereas stablecoins like Tether symbolize every little thing that crypto isn’t presupposed to be: centralized, opaque, and topic to US Federal Reserve financial coverage. My concept was easy: to create the primary cryptocurrency with actual worth that is fully decentralized.”
Not like stablecoins tied to fiat currencies, BRC is a reserve-backed cryptocurrency that holds a measurable worth of DAI on-chain. The BRC Token affords value stability however reverses the inflation inherent in cryptocurrencies by progressively growing the value of the token through a bonding-curve algorithm that units value as an growing 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 join early entry to the Brinc Spearhead Program, the invite-only closed BETA. Taking part early adopters could have unique entry to governance tokens, group rewards, and extra.
About Brinc Finance
Brinc Finance is a decentralized staff situated in Seoul, San Francisco, and Los Angeles that’s constructing seismic purposes for the defi area. 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 group.
SOURCE Brinc Finance