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5 min ago
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Float Protocol and the FLOAT stablecoin - a floating, low-volatility cryptocurrency designed to be true crypto money. Routine "Dutch auctions" maintain FLOAT's short-term market value and reduce volatility, while a basket of cryptocurrencies held by the Protocol support FLOAT's value over the long-term, allowing the currency to gradually change value over time. This enables users to maintain their purchasing power independent of the fiat market, while transacting freely without concerns of short-term speculation and market volatility, thus providing a crypto-native unit of account.
Try our free Float Protocol (BANK) portfolio tracker if you want to efficiently keep track of your BANK and other coin/token investments.