Review on Brazilian Digital Token by francis fernandez
promoting the stability of digital money
Maintaining the price of a currency since ancient times has been one of the greatest challenges in the asset market.
For Brazilian Digital Token creators, one of the surest ways to avoid the volatility of their currency is to establish a 1: 1 equal link with the FIAT currency of Brazil: the Brazilian real.
How does this protocol work?
To maintain the price stability of Brazilian Digital Token (BRZ), its creators will play with the reserves managed by the custodians of the currency.
With respect to future issues of asset BRZ; They will be certified through audit procedures using recognized firms in the market.
What functions does the BRZ token have?
The BRZ is the engine that drives the operations that are executed on the Brazilian Digital Token platform.
This digital asset uses the powerful Ethereum network to establish the 1: 1 connection between the BRZ and the Brazilian real. For this, the security of the smart contracts of this chain is used.
What benefit do users and holders of this protocol obtain?
• Allows Brazilians to protect the value of their assets, by guaranteeing them access to other more profitable currencies in the crypto market
• Promotes the use of digital money as a form of global payment
• Offers ongoing backup of your token
• Allows you to acquire the currency in equal equivalence to reais
• Allows you to make exchanges with a guarantee of 1% discount in the Brazilian population
Either to enter the stock market or to protect or trade assets; Brazilian Digital Token represents a valuable tool to consider, which guarantees the stability of the value of your assets.
Pros
- It is a protocol linked to a stable currency
- It is an auditable protocol
- It has a 1: 1 equivalence with a FIAT coin
- Allows Brazilians to participate in the crypto market
- Offers the possibility of protecting the Brazilian currency from volatility
Cons
- Currently it is listed in few markets
