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What Is The Point Of RUG?
Our goal is to build a policy-controlled currency system, native on the AVAX network, in which the behavior of the RUG token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that RUG can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
We intend to achieve price flatness for a representative basket of goods without the use of fiat currency, in order to allow the cryptocurrency industry to detach once and for all from the traditional finance world!
Last modified 2yr ago