Recap for AMA:
Kelp utilizes the quantitative theory of money to predict what the supply should be in order to stabilize the price of Kelp
Seed Phase objective:
Parity with US dollar and Minimum circulating supply
Once seed phase objective is met price might go higher or lower
Factors to increase price:
Staking
Variable Taker Fee
To satisfy a cryptocurrency to become a currency must satisfy 1 of 3 objectives:
Medium of exchange
Preserving purchasing power
Unit of account
During our seed phase we will be solving the unit of account. This is based on a term called a flatcoin.
Once solving a unit of account we can then work on becoming a medium of exchange of preserving purchasing power.
Kelp products like KATE and Kelp products will be used to preserve purchasing power of the user in case of black swan events. (Open market operations)
If servers go down for our Kelp App the wallet side is still functional. Kelp also does not rely on 3rd party solutions reducing chances of cybersecurity threats.
750,000 downloads so far for Kelp
90% of traders lose money in crypto KATE is meant to reduce that number significantly to help bring âStable Money For All.â
KATE is meant to be a trustless decentralized investment tool that users can utilize for higher returns without having to rely on general knowledge.
88% return a year compared to an average of 3%-10% a year.
$400,000 raised currently 7 rounds and currently on round 3
Raise goes towards collateralizing Kelp and KATE to maintain a responsible amount of liquidity so Kelp can operate.
VCâs have approached Kelp but the terms were very unfavorable to the Kelp ecosystem
Staking coming online
Verified organization for twitter coming online
Reward rate switching from global to country based
Claim free $Kelp đ: https://t.ly/qDZdm
