What Is Loot Dollar (LOOTDOLLAR)?
Loot Dollar is an algorithmic stablecoin model that attempts to bring extra liquidity and users to the underlying base asset, $CRO, that it is pegged to through a seigniorage model. The underlying “algorithm” or “mechanism” of the protocol either increases, or decreases the supply of the token with the aim of pegging to 1 $CRO. The protocol also uses other measures to achieve this as further explained in the DAO fund section of these documents.
Loot Dollar Coin will also explain further how users can earn yields or profits on both sides of this equation throughout the Gitbook. Most algorithmic stablecoins of this type were inspired by the Basis Cash model, among others, and more noticeably lately by the most successful iteration of this idea by Tomb Finance on Fantom. The protocol has 3 underlying tokens that present a range of uses for the users.
Important Points Table Of Loot Dollar
| Basic | Points |
|---|---|
| Coin Name | Loot Dollar |
| Short Name | LOOTDOLLAR |
| Circulating Supply | 120,010.00 LOOTDOLLAR |
| Explorer | Click Here To View |
| Documentation | View Document |
| Website | Click Here To Visit |