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Showing content with the highest reputation on 10/24/2018 in all areas

  1. 4 points
  2. 3 points
    A new stablecoin that tracks the price of EOS is now live on the Enumivo network. It works just like the USD as described here: The coin is deployed on account stable.coin and the market maker is on eln.eos.coin. If follows the same price function as USD. The price of EOS is 100,000/sqrt(eos_supply). I have also initially bought 25 EOS for 1,000,000 ELN. Now that I have 25 EOS and 1600 USD, the next step is to create an EOS/USD market and this will now complete the feedback loop ELN-USD-EOS and you can now take a long or short position in this loop. Since there are no lending in the USD and EOS stablecoins, you can simple take a short position on USD by taking a long position on EOS and to take a short position of EOS just take a long position on USD. This is the state of the EOS Stablecoin at the time of writing: enucli -u https://api.enumivo.org get currency balance eln.coin eln.eos.coin 1000000.0000 ELN enucli -u https://api.enumivo.org get currency stats stable.coin EOS { "EOS": { "supply": "25.0000 EOS", "max_supply": "1000000000.0000 EOS", "issuer": "eln.eos.coin" } }
  3. 2 points
    The Enumivo Liquidity Network's first stablecoin contract has just been deployed. This will be the first of the building blocks needed in expanding the network of market makers. ELN Token A token to represent the Enumivo Liquidity Network has been deployed to the account eln.coin. You can swap your LTS to ELN and back to LTS buy sending your LTS or ELN to lts.eln.coin. 1 ELN will always be equal to 1 LTS. The ELN token will become the security token that will make sure the stablecoins that are created is backed up by something. USD Stablecoin The USD Stablecoin is a regular token deployed on the account named stable.coin. Together with a market maker contract that will act like a bank and an exchange deployed on the account named eln.usd.coin, everyone can now trade the USD. There are very specific rules on how it works: 1. Only the market maker eln.usd.coin can create and destroy the USD. 2. At the start, the market maker does not hold any tokens. 3. The market maker will buy and sell USD and ELN. The USD price of the ELN will start out at zero ELN/USD and will abruptly increase and as more USD is created, the market maker will slow down the price increase. The formula of the price is p = 100,000 ( sqrt (m)) where p is the price of ELN and m is the amount of USD in circulation. 4. You send ELN to eln.usd.coin and the market maker will create USD and send it to you. The USD price of ELN will then increase based on the formula above. You send USD to eln.usd.coin and the market maker will destroy the USD and give you ELN based on the formula above. The USD price of ELN will then decrease. 5. The USD, being issued by a smartcontract, is purely decentralized and there is no central authority obligated to honor it. Although it could open up gateways to make the USD tradable to the outside world like bitUSD, USDT, DAI, USDC, and fiat USD. I can also act as a gateway or escrow agent in case 2 parties want to trade Enumivo USD vs Other USD. Given the behavior of the USD market maker, the price of ELN at this point is ultra cheap. I will be selling some ELN (despite getting very little USD) to get everything started. The USD i get will be used to set up the initial liquidity to other markets like ENU/USD and also start other crypto stablecoins like EOS, ETH, BTC and other fiat stablecoins like PHP, CNY, NGN. When other markets are created and all tokens will become tradable against each other, all the prices are expected to converge at the right ratios against each other, giving useful feedback and equalize the ELN/USD market. With all these, the whole Enumivo Liquidity Network will become a decentralized market driven price oracle. We will now have the prices of the outside world on-chain. Technical Guide To get the USD supply in circulation using enucli: enucli -u https://api.enumivo.org get currency stats stable.coin USD { "USD": { "supply": "0.0001 USD", "max_supply": "1000000000.0000 USD", "issuer": "eln.usd.coin" } } To get the ELN held by the market maker to back up all USD: enucli -u https://api.enumivo.org get currency balance eln.coin eln.usd.coin The Road Ahead The Enumivo USD is the first one among the stablecoins that will exist and the ELN/USD is the first automated exchange. More will be added as time goes by. Although right now the trading price of ELN/USD is unrealistic, it will correct itself as more exchanges are added. Also part of the plan is to also have an improved price feed which is informative and easy to use.
  4. 2 points
    给我点个赞,我考虑下身先士卒多少
  5. 1 point
    交易所没有,但是目前的交易对有
  6. 1 point
    如果以后用真实的美元(或BTC)换USD,然后买ELN,是不是就没有价格上限了?
  7. 1 point
    刚问ap为啥设置公式里100000,还没有回复 I wonder how to decide to use 100000 in the p = 100,000/ ( sqrt (m)) ? if use ' n ' to represent the amount of ELN buying USD,p = 100,000*200,000/n,you know ,the amount of LTS is 1 billion,so all LTS change to ELN,and all buying USD ,' p ' only can get 20/1=20,that is LTS only can get the hightest price--1/20 USD,this set the limit of the hightest price. 就是说,ELN,也就是LTS,全去买USD,最高的价格就是二十分之一美元,算下也就是0.3470人民币的价格,觉得100000这个参数就很迷,等ap回复…
  8. 1 point
    I wonder how to decide to use 100000 in the p = 100,000/ ( sqrt (m)) ? if use ' n ' to represent the amount of ELN buying USD,p = 100,000*200,000/n,you know ,the amount of LTS is 1 billion,so all LTS change to ELN,and all buying USD ,' p ' only can get 20/1=20,that is LTS only can get the hightest price--1/20 USD,this set the limit of the hightest price. but in my mind ,ENU to the moon , LTS to the moon,UBI to the moon ,The highest price is too low~
  9. 1 point
    一个交易对无法操作,买到就是亏到。。加油,为enu助力需要我们一起奉献
  10. 1 point
    it's only one market yet that's why. once i create ELN/EOS or ELN/ETH, those price differences will change. any imbalance between ELN/EOS and ELN/USD will both correct each other.
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