#LHKD token is a price-stable but supply volatile cryptocurrency that targets the CPI-adjusted HK-dollar.
🍔 Telegram: https://t.co/M95y7thtuQlhkd.xyzJoined January 2024
📣 Swappicados, a new stable token will soon be listed on Swappi!
🕰️ LambdaHKD's stablecoin will be listed on Tuesday, 1AM UTC.
⤵️ Read the article for all the details.
link.medium.com/L36HupmrDIb
🚀 Pleased to announce that $CFX/$LHKD has listed on Swappi's exchange! @SwappiDEX
📣 You can swap trading pair quickly and efficiently.
🧑🌾 News: LHKD plan to create a new farm plot teamed up with Swappi,
and enjoy the higher APR in early farming.
🕒 #LHKD is launching a dedicated airdrop program to reward participants who actively inject liquidity and issue them points called #LambdaCredit.
You need deposit LHKD-CFX pair tokens on Swappi-LP, and earn airdrop rewards with different deposit.
🥁🪗 #LHKD AIRDROP
LHKD airdrop delivered to eligible wallets.
More airdrops coming for early CFXs and CFXs-ERC20 supporters.
LHKD token rewards are distributed to holders in proportion at random. For CFXs-ERC20 holders, you will receive more rewards with more holdings.
LambdaHKD (LHKD) is launched on Conflux eSpace network!
📅 Launch Date: March 17th, 2024
🕒 Time: 07:00 UTC
📄 CA: 0x3d712265d6969f24d42c3c7e82ddc8642053dfe8
🛡️💥 Time to show everyone what we're made of!
🌴 LHKD website: ahkd.xyz
#LHKD token is coming on Conflux eSpace blockchain. This coin is a price-stable but supply volatile cryptocurrency that targets the CPI-adjusted HK-dollar. The LHKD increases or decreases the quantity of tokens to ensure the price of LHKD reverts to 1 CPI-adjusted hk-dollar.🍔
The parameters are chosen to be similar to the current curve in the normalized price range of ($0.5 to $1.5) and caps the changes to 10% on the expansion side, and that caps the contraction side at -7.78%.
The proposed values:
- l (Lower) = -0.1
- u (Upper) = 0.1
- g (Growth) = 3
The proposed curve above is generated by the sigmoid function:
F(x) : fraction of supply added or removed (supply change %)
x : normalized price deviation
Leaving a volatile market quickly depends on conditions and may require multiple supply adjustments. Fast players can act each round, aiming to predict the next equilibrium, setting their trade goals accordingly, and adjusting once the market stabilizes.
The price, seen at the top left, might stay close to a specific exchange rate, but it can vary during periods of change, indicated by dashes. Meanwhile, the market value might behave like a step function, switching between periods of change, shown by dashes, and stable states.
As mentioned in Section 3, during the expansion period, there is a time window for quick actors to sell their products after the supply increases but before any price adjustments occur. As long as there are enough quick actors willing to sell, the price will decrease.
Tom's HKD balance remains unchanged at t0 and t1. No need for her to buy or sell before or after the state change. However, a fast actor like Jerry checks in before, during, and after the expansion.
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