Introduction to UAC Stable Cash-Anti-Volatility Algorithm Stable Coin

5 min readJan 9, 2021

With the advent of algorithmic stablecoins, projects on the market are uneven. However, the large ups and downs of algorithmic stablecoins in the early stage made many currency holders miserable, which lost the meaning of stablecoins. For this reason, we have made certain upgrades to the initial issuance of the current algorithmic stablecoin, so that the algorithmic stablecoin can have a very good stable transition in the initial stage. This is to stabilize the algorithmic stablecoin in a real sense.

UnitStable Cash will issue token rewards to contributors and will not be distributed to any team or individual in the token distribution. The project will start at 20:00 on January 12, 2021.

Important link

Website:http://www.unitstable.cash/

Telegram：https://t.me/unitstablecash

Twitter: https://twitter.com/unitstablecash

Discord: https://discord.gg/eACtHctz

Medium: https://medium.com/me/stories/public

Docs: https://unitstablecash.gitbook.io/uac/

BIHU：https://bihu.com/article/1029908410

WECHAT:XMTSSZ

UnitStable cash operation mode

The stable cash agreement controls the supply of currency. Similar to the way that central banks control fiat currencies through monetary policy, they control the money supply in the economy to anchor its value (1 U.S. dollar) by buying or selling bonds. Different from the central bank and currency issuance mechanism, stable cash implements rules through algorithms and smart contracts, predicts system behavior and stabilizes currency value.

The Unit Stable Cash Agreement contains 3 tokens, namely Stable Cash (UAC), Stable Stock (UAS) and Stable Bond (UAB). Stable cash is a stable currency anchored to 1 USD; holders of stable stocks are very important. Holders provide liquidity and guide the development of the agreement. Therefore, in return, holders of stable stocks will be issued in the initial tokens Obtain token rewards; and the interaction of stable cash and stable bonds is to regulate the inflation and deflation of stable cash, and guide its price to stabilize at 1 US dollar. UAC price is around 1 US dollar and becomes a real stable currency.

Inflation phase-when UAC is greater than $1

When the transaction price of UAC is higher than $1, based on the theory of supply and demand, by increasing the total supply of UAC, the UAC price will return to $1. At this stage, users can exchange UAB for UAC at a 1:1 price. If the UAC within a certain seigniorage time (24 hours), that is, the 24-hour weighted average price is above $1.05, then more UAC will be minted and distributed to the token holders of the boardroom of pledge directors.

Deflation phase-when the UAC price is less than $1, users can buy UAB from UAC

When the UAC price is lower than 1 USD, according to the supply and demand relationship, reducing the supply of UAC tokens will increase the UAC price to 1 USD. At this stage, users can enjoy discounts to purchase UAB with UAC, reducing UAC circulation. In this way, there is an opportunity to increase the price of UAC to $1, and when the UAC price is higher than $1, users will exchange UAC back to UAC at a 1:1 ratio.

Initial token distribution: pledge distribution

For the rapid development of the project at the beginning. The initial issuance of UAC will be given to the following token pledgers, and the issuance will begin at 10:00 on January 11, 2021.
Stable coins: USDT, DAI, BUSD, HUSD, BAC, MIC
Community tokens: YFI, UNI, SUSHI, LINK
In the initial token distribution, 50,000 UAC will be evenly distributed among the above 7 token pools, and 10,000 UAC tokens will be issued daily within 5 days.
The issuance of UAS tokens will start one day after the first UAC issuance. The issuance object is the liquidity provider of UAC-USDT UNI.
Two days after UAC issuance, the UAS token issuance rewards for the liquidity provider of UAS-USDT UNI will be activated.
The UAC-USDT UNI liquidity pool issuance is 750,000 UAS tokens, 6250 UAS are produced each time in the first 30 days, and then reduced to 75% of the previous day’s production every 30 days.
The UAS-USDT UNI liquidity pool issuance volume is 250,000 UAS tokens, which are issued within 365 days and are distributed in equal amounts every day.

More important things: our advantage

The official will set the initial issuance of UAC to 100,000, of which 50,000 will be generated by mining, and the other 50,000 UAC will be used for the establishment of the initial UAC-USDT liquidity pool, and 50,000USDT will be added. This greatly increases the stability of the initial UAC and greatly guarantees the market value of UAC. UAC is currently the only project on the algorithmic stable currency track where the project party uses its own funds to provide liquidity to a new project without any financing from the market. The official will publish the address of the LP of 50,000 UAC/USDT on the official website. This fund will be used for the maintenance of UAC’s market value, community rewards, media cooperation, and strategic mutual investment between projects.

The tokens in the UAC-USDT LP liquidity pool address will be officially added, we call it V God address：0xF4a1EFD8f58c3f72f77D05A6F8bD49a2F2691f30

And the use will be:
A: 50% maintenance of market value
At present, there are many imitations, especially when the life cycle of many new imitations is only 3–5 days, the early UAC/USDT liquidity pool LP is particularly important, and it will be used as an important leverage adjustment.

B: Community reward 20%
Ten communities are recruited as committees to govern UAC, and dividends will be distributed once a week.

C: Media cooperation 10%

D: Project mutual investment 20%
We welcome all project parties to reach strategic cooperation with UAC, and look forward to the opening of BUC/? LP flow pools for UAC implementation.
Community registration method:
Count the number of people in the community and UAC holdings, and count the LP holdings of the community.

Note: There is no limit to the number of community registrations, but the weekly dividend is limited to the top ten communities

Important time schedule

Genesis Mining Pool issuance start time: January 12, 2021 at 20:00
Add 50,000U and equivalent UAC-USDT LP: January 13, 2021 at 20:00
Start UAC-USDT LP to mine UAS: January 13, 2021 at 20:00
Start UAS-USDT LP to mine UAS: January 14, 2021 at 20:00
Start inflation time: 10:00 on January 17, 2021 (when UAC TWAP>1.05USDT, the first inflation time is 10:00 on January 18)

Join our community

Thank you for reading the introduction of the stable cash project. Here, we invite every DeFi community and any user to participate in the initial activities of UAC. With a strong consensus community, we will definitely become the №1 among algorithmic stablecoins.