Overview

Introduction

SUPERNOVA.CASH is an essential part of the experimental algorithmic stablecoin multiverse built by HIGGS NETWORK. In the Supernova Universe, all participants will experience the origin, expansion and stability of the universe, as well as the birth and evolution of many algorithmic stablecoin stars.

In the past stablecoin protocols often exclusively used either a pure collateral model or a completely unsecured model (algorithmic stability). Pure collateral stablecoins either need to over-collateralize assets on the chain, or have custody risks, and the scale is limited by the amount of collateralized assets; but these designs can provide a fairly stable fixed exchange rate and have a certain degree of credibility. Completely unsecured (algorithmic) stablecoins make up for the shortcomings of collateral-backed stablecoins, do not require trust, are scalable, etc.; however, excessive exchange rate fluctuations limit their application scenarios.

The Supernova Universe will simultaneously use the two stablecoin design models and will be launched in a number of steps.

Note：

sCASH is the governance token of Supernova Protocol rather than a token of investment value The project team has 5 percent of the token share which will be released in blocks over 4 years. The team has not obtained any amount of tokens yet as of now. The token for the team will be minted from the second week after Supernova is live.