“A fundamental problem with crypto is in the ability of cryptocurrencies to justify their coin prices,” says Brinc Finance co-founder Luke Shim. “Bitcoin and Ethereum are great blockchains but not as strong as currencies, while stablecoins like Tether represent everything that crypto is not supposed to be: centralized, opaque, and subject to US Federal Reserve monetary policy. My idea was simple: to create the first cryptocurrency with real value that’s completely decentralized.”
Unlike stablecoins tied to fiat currencies, BRC is a reserve-backed cryptocurrency that holds a measurable value of DAI on-chain. The BRC Token offers price stability but reverses the inflation inherent in cryptocurrencies by gradually increasing the price of the token via a bonding-curve algorithm that sets price as an increasing function of supply. All fees generated in the minting and burning of BRC Tokens are redistributed back to holders in a sustainable staking rewards model.
Users can visit Brinc.Fi to sign up for early access to the Brinc Spearhead Program, the invite-only closed BETA. Participating early adopters will have exclusive access to governance tokens, community rewards, and more.
About Brinc Finance
Brinc Finance is a decentralized team located in Seoul, San Francisco, and Los Angeles that is building seismic applications for the defi space. The Brinc Token (BRC), is a next-generation cryptocurrency that blends high ROI, transparency, liquidity, and intrinsic value to deliver a cutting-edge, value-packed token powered by the community.
To learn more visit www.brinc.fi, follow us on Twitter or join us on Discord.
SOURCE Brinc Finance
