Review on Neutrino Dollar by LUIS RIVERO R
Stable currency with little time.
This is a stable cryptocurrency that has little time to launch, it currently works on the Waves chain, 1 to 1 backed token with the US dollar, it is currently the first stable token issued on the Waves chain.
In this sense, it is backed by Waves, that is, each token has an amount of this asset as a deposit.
The backing of the token is guaranteed by a smart contract, when issuing each asset a specific amount of waves is blocked with a price of one dollar.
In addition to this, there is a reserve fund to maintain the price in possible price falls.
It depends mostly on the community, it is a decentralized stable currency.
In general, this project is still recent and it is not possible to know if they will really be able to sustain the price in the face of sudden falls, and as time goes on we will know if their price is really supported or if they are enduring a sharp drop in prices.
Pros
- Backed with waves.
- Currently they have a reserve fund for possible falls.
- You can receive winnings in this stable currency by betting on your smart contract.
Cons
- It has a small community.
- The platform is currently in its beta phase.
