Transparent ‘LVN to Fiat’ Conversion Rate
The economics of the LivenCoin network have been designed
in an attempt to achieve price stability. Consumer payments
made in LVN through the Liven gateway are converted to fiat
and paid to the merchant according to the Liven Platform’s
internal LVN to fiat conversion rate. This is discussed further
in the token economics section.
This internal conversion rate is not based on a free-floating
value determined by an external market such as a crypto
exchange, but is instead determined by a decentralised
protocol that adjusts the purchasing power of each LVN
within the Liven Platform based on the total amount of LVN
Tokens in circulation and the total amount held under smart
contract in the Reward Cache at any moment.
Submitted February 04, 2019 at 12:27AM }
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