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 }
via reddit http://bit.ly/2RCAsrw

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