DuGut Stable Coin

We will be releasing and/or partnering with a stable coin protocol for use in our Smart Contract Network

Purpose

The DuGut stable coin will serve as an intermediary of value transfer on the blockchain network allowing brands to create pre-committed amounts of donations to particular sustainable actions for each campaign. The coin must be a stable coin because the value that they are transferring cannot change or fluctuate greatly depending on the current value of the token to the market. The creation of a stable coin will allow us to embed the value into a smart contract which will be automatically distributed to the proper social organization when a user interacts with the brand campaign in the method that is dictated by our native mobile application when the brand sets up the brand campaign and brand action.

Mechanism

Tokens are purchased and minted when brands or users donate to the DuGut foundation, this donation is then received and the tokens are minted or issued depending on available supply. The DuGut Foundation will keep a 1:1 balance of tokens and fiat currency to enable Social Organizations to withdraw, at will, their donations accumulated via the autonomous smart contract system interwoven into the Engagement Campaigns within the App and Web Portal.

Features

Pegged to the dollar by having reserve balance and using algorithms to reduce fluctuations. The Token will only be able to be purchased by users and brands, and sold by Social Organizations to receive donations in their chosen currency. It will in essence be a stable coin utility token for transferring value in a secure and auditable fashion through the smart contract system between the brands and the social organizations carrying out the sponsored sustainable action.