The Big Picture
The $DIBS algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the BSC network. The protocol's underlying mechanism dynamically adjusts $DIBS's supply, pushing its price up or down relative to the price of $BNB. Inspired by, who was originally inspired by the idea behind Basis as well as its predecessors (bDollar and soup), is a multi-token protocol which consists of the following three tokens: ($DIBS). -DIBS Shares ($DSHARE) -DIBS Bonds ($DBOND).

What differentiates $DIBS from other algorithmic tokens?

Unlike previous algorithmic tokens, $DIBS is not pegged to a stable coin— it is instead pegged to $BNB. Because of BNBs high per coin price, we have decided to peg DIBS to BNB at a 1000:1 ratio. In other words, 1000 DIBS should equal 1 BNB for our PEG to be maintained.

What differentiates DIBS from other Tomb Forks?

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In the same way many tomb forks launch with a goal of getting use cases down the line. DIBS is different as we're launching already partnered with one of the largest token communities and blockchain utilities on the Binance Smart Chain. Imagine earning dibs and being able to spend it investing in art on one of the worlds top NFT art communities. This is the future of DIBS. In addition to our launch partnerships, many more will be announced during the upcoming weeks. In addition, to help the peg, the DIBS team will maintain a focus on innovation around enhanced functionality and use cases.
Last modified 4mo ago