Slavomir Stepanov

TEDDY is a token that captures the fee revenue generated by the Teddy Cash Protocol via staking. Teddy Cash is a decentralized borrowing protocol that allows you to draw 0% interest loans against AVAX used as collateral. Loans are paid out in TSD and need to maintain a minimum collateral ratio of only 110%.

In addition to the collateral, the loans are secured by a Stability Pool containing TSD and by fellow borrowers collectively acting as guarantors of last resort.

Teddy Cash as a protocol is non-custodial, immutable, and governance-free.

It has a circulating supply of 189,815,847 ARRR coins and a max. supply of 200,000,000 ARRR coins.

If you would like to know where to buy Pirate Chain, the top cryptocurrency exchanges for trading in Pirate Chain stock are currently KuCoin, Gate.io, FMFW.io, Changelly PRO, and CoinEx. You can find others listed on our crypto exchanges page.

On 29 August 2018, several developers from the Komodo community piloted an independent asset chain with the technology offered by Komodo Platform. Pirate Chain harnesses Delayed Proof of Work (dPoW) from Komodo, zero-knowledge proof (zk-SNARKs) transactions from ZCash, and the rule of enforced private-only transactions by Monero.

Whereas many other “privacy” coins have optional privacy features, Pirate (ARRR) claims to be a 100% private send cryptocurrency, as well as the first 'z transaction-only' chain. ZK-Snarks technology (zero-knowledge cryptography) is utilized to shield peer to peer transactions. The team claims that this has created the largest shielded private pool of funds of any privacy coin.

Pirate is protected from 51% attacks by utilizing Komodo’s dPoW, meaning its blocks are notarized onto both Komodo and Bitcoin blockchains. Attempts to mount a Sybil attack against Pirate would have to overcome the combined hashrates of Bitcoin, Komodo, and Pirate. This is an astronomical cost that would deter malicious actors. Pirate started with a fair launch - no ICO, premine, and 0 dev fees.