Details about Kokoa Stable Dollar cryptocurrency
Kokoa Stable Dollar
KSD
Unknown for now
€99
1
0.01
https://kokoa.finance/
@KokoaFinance
Kokoa Stable Dollar price charts
KSD exchanges
Kokoa Stable Dollar, the crypto
Kokoa Stable Dollar (KSD) is a cryptocurrency that aims to maintain a stable value of 1 KSD equal to 1 US dollar, making it a stablecoin. It is built on the blockchain technology of the Binance Smart Chain and uses a combination of collateralization and algorithmic mechanisms to ensure price stability.
The point
The main point of Kokoa Stable Dollar (KSD) is to provide a stable and decentralized cryptocurrency alternative to the US dollar, without the volatility commonly seen in other cryptocurrencies such as Bitcoin and Ethereum. This makes it an ideal store of value, a means of payment, and a unit of account for users who want to avoid the constant fluctuations of the crypto market.
The problem
Kokoa Stable Dollar (KSD) tries to solve the problem of price volatility in cryptocurrencies, which can make them unsuitable for certain use cases such as everyday transactions and long-term savings. By creating a stablecoin that is pegged to the US dollar, KSD aims to provide a reliable and predictable currency that can be used by individuals and businesses without the risk of value loss.
Compare KSD and BTC performance
| Timeframe | KSD | BTC |
|---|---|---|
| 1h change | -0.401065 % | 0.109009 % |
| 24h change | 0.51 % | 2.18406 % |
| 7 day change | -5.96 % | -5.76209 % |
| 14 day change | -20.46 % | -3.00974 % |
| 30 day change | -28.49 % | 1.6345 % |
| 200 day change | -70.38 % | 125.613 % |
| Year change | -68.89 % | 125.789 % |