Relictum Pro Launches its Stable Coin on the Back of Distributed Ledger Technology With 0% Network Transaction Fee
With the advent of technology, the way we see things has changed drastically, be it from our entertainment options to the way we manage our finances. Blockchain technology has brought a new technical lookout in everyone’s life, and along with blockchain technology came in cryptocurrency, which changed the way we look at finances in this developing world. With the passage of time, banks have had foreclosures where people ended up losing their hard-earned money. Cryptocurrency is a method this problem could be solved since the money isn’t in the control of centralized authority and solely owned by the people’s network.
Relictum Pro, using the latest generation of blockchain technology, i.e., blockchain 5.0 has started using stable tokens, which are digital assets, whose emission depends on electronic or digital currencies received on Relictum Pro platform in the form of digital assets or cryptocurrencies. The stable coins will be named for the ease of use on the back of distributed ledger technology and Stable coin RLC is the main coin of the Relictum network.
The total number of stable tokens will be directly proportional to the sum of digital currencies sent to Relictum Pro wallets, cryptocurrencies, and digital assets. This will also be the basis on which the stable token RLC will be issued by executing a smart contract for user ease and convenience. In order to keep the customers loyal and feel free to use the platform, Relictum Pro has decided to not charge any fee on both, ensuring a 0% charge on, adding digital assets on the platform and transactions within the network. A significant question that comes into mind is why this platform is not charging anything for transactions, even on stable coins.
Relictum Pro’s team believes that it is possible to create a constant coin relative to the basis of all currencies of the world, which would level out any fluctuations in the value of stable-tokens when compared. Consistency will be expressed in the form of calculation of the cost for forging a stable token based on the dynamic coefficients in connection to digital currencies and assets, which will be listed on the currency fluctuations map. This algorithm ensures that any transaction or addition on the platform is adjusted accordingly and ensured on the scalability of the performing digital assets. This would not only help the user understand the basis of stability but also be of great help in the study conducted by the Relictum Pro platform on the upgraded blockchain 5.0.
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