Meet the honest.XAU smart coin. A derivative tracking the HONEST market value of 1 troy ounce of .999 percent fine Gold. All Backed by collateral held on the chain in a smart contract. Bitshares DeFi supercharges these smart coins essentially creating a Market Pegged Asset.
Phase 1: Be able to trade honest.XAU seamlessly between BTS, honest.BTC, and the stable coin honest.USD.
See the stats here: https://blocksights.info/#/assets/HONEST.XAU
How to get it?
Easy button: Trade for honest.XAU via the following liquidity pools
- BTS / honest.XAU # 1.19.523
- honest.USD / honest.XAU # 1.19.525
- honest.BTC / honest.XAU # 1.19.524
Name your price: Use the DeFi Dex
- Trade BTS for honest.XAU via the market https://ex.xbts.io/market/HONEST.XAU_BTS
Add to the ecosystem via borrowing & providing liquidity to the pools
- Lockup your BTS as collateral to borrow honest.XAU for the best of both worlds. Go one step further and invest both BTS & honest.XAU in the liquidity pool to earn trading fee's!
Borrow:
Add Liquidity:
Where can it go from here?
Phase 2: Seamlessly trade between native assets such as BTC.
Phase 3: Real deal honest.MONEY. Created by being the gateway connection between all the smart coins such as honest.XAU, honest.BTC, honest.USD. Take a minute and study this map to fully understand the eco-system being created on the bitshares blockchain.
