DNA Dollar

DNA tokens are designed to be used as a medium of exchange. The built-in stability mechanism in the protocol deterministically expands and contracts the $DNA supply to maintain $DNA's peg to 1 $USDC token.

Also, Understand that $DNA actively pegs, it does not mean it to be valued at 1 as it is not collaterized. $DNA is not to be confused for a Fiat stable that is value at 1.

How the Algorithmic Peg Works in a nutshell

When DNA Dollar is above Peg - it actively pegs down by inflating for $DSHARE boardroom stakeholders.

When DNA Dollar is below Peg - Inflation stops completely and bonds will be on sale with exchange with $DNA which can be exchange back to $DNA at a premium rate when DNA Dollar goes back above Peg.

DNA Dollar price today is $0.744772 with a 24-hour trading volume of $67,441. DNA price is up 1.5% in the last 24 hours. It has a circulating supply of 0 DNA coins and a total supply of 697 Thousand. If you are looking to buy or sell DNA Dollar, MM Finance is currently the most active exchange.

The first algorithmic stablecoin on Cronos, pegged to the price of 1 $USDC via seigniorage.