Coinversation

Based on the stablecoin protocol of interest-bearing assets built on the Polkadot, using $DOT and $CTO issued by Coinversation to generate interest-bearing tokens, CUSD is synthesized through smart contracts. Users can mint CUSD by collateralizing tokens that can generate interest, such as CTO and DOT. Bridging USDT, USDC, and BUSD to the Coinversation to form the largest stable currency exchange platform in the Polkadot ecosystem. We will open the API to facilitate all parachains to access our stable currency exchange system and facilitate all chains users can seamlessly use Polkadot's cross-chain protocol

The CUSD generated by the whole system users mortgaging certain collateral. The collateral includes interest-bearing tokens such as CTO and DOT, and users can choose the proportion of CUSD they need to exchange. If stable currency is used as collateral, because it is an interestbearing product, its leverage ratio will continue to decrease and it will never be liquidated.

When users put in interest-bearing tokens and generate interest automatically. We will charge a certain percentage of the fee for the interest-bearing part, which we will vote on the chain to determine our percentage. This income will give dividends to $CTO collateralized users, and later we will bind with nodes and distribute rewards to users who vote for nodes. The fee for stable currency exchange will also enter the platform revenue.

We will award $CTO to:

• Users who form 3USD LP with BUSD USDC USDT on Coinversation.

• Users who form CUSD+3USD LP

• CUSD-CTOLP users

• Users who stake $CTO

The liquidator on the chain can become our liquidation robot. He will receive 5% of the total amount of liquidation as a reward. Anyone can participate in our liquidator. If bad debts occur, we will repay the entire mortgage system from the platform revenue.

Coinversation will reserve 22.5% of the tokens for the Polkadot Parachain auction. This parachain will be used for the NFT and financial derivatives ecology, a scalable NFT protocol and financial derivatives platform based on Substrate.

• 2020 Q4~2021Q4 : Fragmentation protocol, DEX, and synthetic assets have all been developed
• 2021 Q4~2022 Q1 : Participate in Polkadot Parachain auction and deploy our parachain on Polkadot
• 2022 Q2~2022 Q4 : Launch Dex, interest-bearing asset protocol with stable currecies

Coinversation Protocol was founded by a Ph.D. team in economics in the United States. It also has a technology development and operation team in China, with members from Alibaba, Ant Financial, Peking University, and other first-line technology companies and universities.