GUERNSEY CRYPTOCURRENCY LAUNCH 01/04/2022 / (Apr-01–2022 12:46:35 AM +UTC)
Snowtrace Address: https://snowtrace.io/token/0x2Fa5d0FD5Bc98D4dA95C93130A4274599cfB0FCD
The first offshore cryptocurrency, it is pegged at this point in time at 01/04/2022 to the AVAX token.
To do a basic price range of 1% with median variants at 97$ -101$ on time of delivery. AVAX (PRICE LIMIT) (Apr-01–2022 12:46:35 AM +UTC)
It is a recommended need for all offshore jurisdictions to accept cryptocurrency, to allow financial stabilization.
Token address: 0x2Fa5d0FD5Bc98D4dA95C93130A4274599cfB0FCD
URL / https://guernseycrypto.com (In Development.)
Q1 → unknown
Q2 → 99
Q3 → unknown
Successful subnet formation of the the AVAX network as shown here: https://subnets.avax.network/defi-kingdoms/dfk-chain/explorer can allow for appropriate governance and propriety.
Ultimately pegging correlation with protocol input and fiat (at this time) allows correlation with user interfacing. However creating a higher interest yield over time with stabilization and decentralization along with more privacy throughput. This specifically targets inflation.
Correlation with subnets is also needed due to general throughput and data allocation and the means of transfer. Equivocally transfers need a fast throughput and fast settlement and with low fees to create a rational and stable currency, with the introduction of subnets fees can be lowered and allow network passes.
Blacklisting is enabled due to in-concurrent laws regarding cryptocurrency in the specific Guernsey offshore jurisdiction. (KYC/AML structures.)
Minting is also allowed to increase capital supply to encompass mass adoption. However the peg will remain the same as the current price point.
Correlating buy/sell structures the mathematical breakdown is composed of:
BUY = 5% FEE / 1% DEVELOPMENT / 1% MARKETING / 1% CHARITY / 2% LIQUIDITY ADDITION.
SELL = 8% FEE / 1% DEVELOPMENT / 1% MARKETING / 3% CHARITY / 3% LIQUIDITY ADDITION.
Formation of governmental structures will occur due to the effects of the general hyperinflation and general principles of legal structures (which are yet to be developed in many offshore jurisdictions).
In conclusion this creates a haven environment for offshore jurisdictions correlating to cryptocurrency, with minimal fees and increased settlement times with added layers of privacy due to subnets.
Nakamoto(Bitcoin) vs. Snow(Avalanche): consensus
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