How ViralCoin stands strong in the crypto market
It’s no secret that the cryptocurrency market is highly volatile. The good thing about this is that investors can sometimes increase their profits simply a la Dogecoin or during a Bitcoin spike. The bad thing about this is that investors are constantly caught in the crosshairs of the market’s ups and downs.
Projects can crash just as easily as they rise, and this has discouraged many investors from participating at all. Then there is a risk of pump-and-dump schemes. Some scammers have taken advantage of the market’s volatile reputation to prey on shady businesses that crash as soon as they take off.
Now, ViralCoin, a promising new crypto project, has announced a new mechanism that will ensure that investors can participate without fear of fluctuating token prices and an uncertain financial situation.
How does ViralCoin work?
ViralCoin is a project that helps consumers pay their bills with cryptocurrency, creating dedicated links between ViralWallet and merchant websites and making monthly debits easy.
The early phase of a crypto project is often one of the most volatile, and for many reasons. Some early adopters of the project, looking for quick returns, dump their token supply and this drives down the price of the asset. The market is also full of pump-and-dump schemes at every turn.
But what about the investors who are in it for the long term? What about those who want to invest concretely in a project and not deal with endless drops and “to the moon” phases? This is one of the advantages of ViraoCoin in that it intends to keep the token price stable during the minting phase.
The minting phase is usually one of the most chaotic times for a crypto project. This is because so many people want to quickly buy and sell their tokens and make money. But ViralCoin insulates itself against this with the ViralCoin Vault contract.
This contract essentially means that the token supply of VIRAL is held in a liquidity pool in a VIRLA/USDC pairing. This pairing can be easily adjusted by the ViralCoin team to ensure that the price remains stable.
For example, if the circulating supply is too low and the token is overpriced, more are minted to stabilize it. The USDC tokens are then paired with VIRAL to further strengthen the liquidity pool.
Likewise, if the circulating supply is too high and the price risks falling, tokens are bought back and this helps keep the price stable.
In case the original token is stable, the purchase tokens are paired with VIRAL to further strengthen the liquidity pool.
The result of this is that the price of the token is kept stable and early investors can buy at a steady price. As the project itself develops, investors may see their initial investments grow rather than fluctuate.
This will be done throughout the morning period to help early investors get into ViralCoin in a non-volatile environment. Ultimately, this means that those who want to buy and use viralCoin can do so with peace of mind.
Although the price is relatively stable, investors benefit from the 3% reflection that occurs on each transaction. Investors can focus on their VIRAL balance increasing rather than watching a token price fluctuate.
Standing floating
In a sea of projects that promise a quick buck and no discernible value, ViralCoin breaks the mold. By identifying and addressing the common problems associated with paying bills with crypto, ViralCoin is creating a new revolution for crypto usage.
Also, by putting in place a structure to create price stability during design, ViralCoin investors can enjoy the best of the industry without worry.
