What is VIGOR? Vigor it's cryptocurrency based on eos. Vigor it's a stablecoin and it's utility token, like a fee token and a reserve assets.
What made vigor being interesting to investment?
VIGOR stablecoin system allows users to borrow stable-
coin against their EOS crypto. It facilitates the transfer of
volatility and price event risk embedded in token prices. No
mechanism yet exists on EOS mainnet for seperating and
transfering these risks.
Before we discuss further, let's get to know the Team from Vigor and their mission about Vigor in the Future.
📍Vigor Development Team
Previously, we didn't understand yet. Who were the initiators of the idea that made VIGOR an EOS-based project and engaged in financial utilities.
- Andrew P Bryan
@stuffedshirt we can call he like that in telegram or Medium. With history’s as makerdao team , after his left makerdao team after about 1 year, in June 2018 to build a stablecoin on EOS. Andrew notified every member of the maker team, and invited them to come along.
With his confidence he started the VIGOR project with eosusd.com and his first smart contact at https://github.com/eosusd. - J Bryan
Who didn’t know datajunky ?
His joined Vigor first time, build their telegram as Community Manager. At the same time his have administered some groups like @eoswatchdogs , @monereos and @genereos . - Zack
Zack comes in next few days in Vigor . Asking about teams and project. Vigor started at June 18 with 'eosusd' name. Zack joined Vigor team and handled about Faucet for EosUsd, he joined and make some contributions in Some fiture idea.
After those guys with first history of EosUsd be Vigor. Much people joining and share their ideas for make a great stable coins based on EOS. And know vigor Dev team are Stuffedshirt, IK, PRC, YM, Rick, Pieces, CMichael, Gartox, Nat, John Boid, Gary Boid, Bitgenstein, Z. Yousaf, njappboy, Lump. It's very awesome.
📍VIGOR Missions
As a stable coins vigor Stablecoins are created
and loaned out when EOS native crypto tokens are put into
escrow as collateral and backed by insurers. This project
introduces a decentralized system of borrowing & insuring;
a crypto credit facility with only two distinct independent
participants :
@Borrowers
- EOS native tokens as collateral
- stablecoin loans, maintaining collateral level
- premiums over time to insure their collateral
@ Insurers
- escrow EOS native tokens as insurance assets
- earn premiums based on contribution to solvency
- bailout: take-over & recap undercollateralized loans
As their roadmap, Vigor will have Mainnet in this Q1 2020.
📍Vigor Token Allocation
The utility token VIG has three main utilities in the
system:
• fee token stablecoin borrowers must buy loan insurance
which is paid over time and denominated in VIG tokens
• final reserve for backing of stress losses
• access/credit score users need VIG to access the system
and their credit score is a function of total VIG paid in
over time (and number of late payments/collections)
The VIG token will have an initial supply of 1b tokens
with 0% annual inflation rate and will be allocated as follows:
• 20% community: via free airdrop for wide distribution
• 50% developer fund: for research, engineering, deployment, business development, marketing, distribution, staking resources etc.
• 30% DAC long term fund: for long-term network
governance, partner support, academic grants, public
works, community building, etc
It's small introduction about Vigor and their History. For details about Vigor please to visit another links in the end of this article.
https://www.vigorstablecoin.com
https://vig.ai/vigor.pdf
https://twitter.com/vigorstablecoin
https://t.me/vigorstablecoin
