| General information | |
|---|---|
| Global rank: | 645 |
| Name: |
Celo Dollar |
| Symbol: | CUSD |
| Current coin price (PHP): | 56.23 ₱ |
| Last hour: | arrow_downward-0.020 % |
| Last 24 hours: | arrow_upward0.020 % |
| Last 7 days: | 0.030 %trending_up |
| Capitalisation (PHP): | 1 999 301 175.03 ₱ |
| Volume 24h (PHP): | 260 392 788.66 ₱ |
| Available supply: | 35 554 166.00 CUSD |
| Total coin supply: | -1 CUSD |
| Start date: | 2018-04-03 |
Celo Dollar/Philippine Peso (CUSD/PHP) price chart
Celo Dollar/Philippine Peso (CUSD/PHP) capitalisation and volume charts
Carbon is a non-collateralised stable coin that has two types of tokens, the Carbon stable coin and the Carbon Credit token (“Carbon Credit”). If the demand of the Carbon stable coin starts to decrease Carbon Credits are auctioned off via a reverse Dutch auction smart contract to the market participants who are willing to burn their stable coins (Carbon). On the other scenario, when the demand for the Carbon stable coin increases new minted stable coins are distributed to Carbon Credit holders on a pro-rata basis, originating downward pressure to push the price back to the peg.