💲FABUSD

Fabulous U.S. Dollar (FABUSD) - The Stablecoin

Distribution & Tokenomics

To stabilize FAB's volatility and enable users to pay with a stable coin, we will release the FABUSD. FABUSD is pegged to USDT, USDC,DAI & TUSD. Each are pegged to FABUSD with a 20% ratio. We are releasing annually up to 5% of the maximum token supply until Q4 2023 which will pegged to FAB/FABUSD. There will be an increase of 5% per year up until 20% is reached.

Since the price is tied with its collateral (TUSD/USDC/DAI) as well as with FAB, every additional FABUSD which will be brought in circulation, is pegged to its collateral. 10 Billion will be minted on our Genesis Account, as the maximum amount. The FABUSD distribution is tied with FAB's distribution, balancing out either if there's too much volatility. The reserves serve for arbitraging any indifference, stabilizing the price and network security.