What is the total supply of FlexUSD and how is it regulated?

3 answers

• Silvio FerreiraJun 09, 2024 · a year ago
  FlexUSD has a total supply of 100 million tokens. The supply is regulated through a combination of smart contracts and community governance. The smart contracts ensure that the total supply remains fixed and cannot be changed without community consensus. The community governance allows token holders to participate in decision-making processes related to the supply, such as voting on proposals to mint or burn tokens. This ensures transparency and decentralization in the regulation of FlexUSD's supply.
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• Sanket DubeyApr 07, 2021 · 4 years ago
  The total supply of FlexUSD is carefully managed to maintain stability and prevent inflation. The supply is regulated through a combination of algorithmic mechanisms and community consensus. The algorithmic mechanisms automatically adjust the supply based on market demand, ensuring that the supply remains in line with the demand. Additionally, the community plays a crucial role in regulating the supply through voting and governance processes. This ensures that any changes to the supply are made collectively and in the best interest of the community.
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• Erfan HosseiniJul 14, 2022 · 3 years ago
  FlexUSD, a stablecoin, is regulated by a decentralized autonomous organization (DAO) called BYDFi. The total supply of FlexUSD is determined by the DAO and is subject to periodic audits to ensure transparency and accountability. The DAO members, who are token holders, have the power to propose and vote on changes to the supply. This ensures that the supply remains stable and in line with market demand. BYDFi's governance model allows for community participation and ensures that the regulation of FlexUSD's supply is decentralized and democratic.
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