INTRODUCTION
SEMI-STABLE TEETER
SST issue, redeem and base-price pegging shall be conducted and maintained through our WorldSPay payment system and www.ssteeter.io website. The SST base-price shall be always equal to 1 EURO. The WorldSPay is a comprehensive and complex full-banking system with a mobile application and payment card that holds a special license for a combination of traditional banks, crypto exchanges and international payment card systems. The ratio of SST and its base-price on this system and the web wallet shall always be 1:1 and corresponding fiat fund shall be deposited in our bank account and publically reported. This shall allow users to withdraw fiat money and make purchase by converting each SST they own through the payment system and web wallet at base-price of 1 EURO. The base-price shall be maintained only at the WorldSPay payment system and www.ssteeter.io.
The total token supply is limited by total fiat reserves in our bank account, and the users can trade their SSTs purchased at base-price from the WorldSPay and our web-platform on the crypto exchanges at the market price.
Last updated