Patent attributes
The system and method disclosed herein includes a family of distributed, self-regulating, asset-tracking cryptocurrencies using blockchain technology. One embodiment, such as a computer-implemented method, may include maintaining a stable value of an asset token relative to a value of an underlying target asset. Further, the computer-implemented method may include minting the asset token in variable quantities, applying stability fees or rewards in variable quantities, and obtaining market feedback to determine the variable quantities of fees to apply, rewards to issue, and asset tokens to mint. Market feedback may include a market price of the asset token and other data obtained from exchanges and oracles. Oracles may be used in certain embodiments to report prices and support smart contracts that aid in regulating price stability. A consensus mechanism may also be used to allow participants in the decentralized system to agree on the advancement blockchain data in an orderly way.
