What is the use of the $CS coin?

CREDITSCREDITS
by Asian Crypto Jew63 views • 5 replies

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A friend referred me to this project to potentially get involved. After going through the Credits website, I do not understand what is the utility of the $CS coin. With Credits USD and Credits EURO as stable assets, what is the need for volatile $CS?

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CREDITSx/credits

Hello, I am an official representative of the Credits team. Your question has already been answered by discipulus, and I can only confirm its answer. The CS coin performs many different functions in our ecosystem. If you want to learn more about us, go to our website ( https://credits.com ) and our social networks ( for example, telegram https://t.me/CREDITSoffical and https://t.me/creditscom

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Giorgia x/holdex

Welcome to Holdex, Gleb - we are delighted to have you here!🎉🎉🎉

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1

discipulus 🌞

Here is the answer to your question. Quoted from Credits Whitepaper:

Cost of Transactions

The system uses the CREDITS currency, which serves:
  • As an internal means of payment for the system usage;
  • To exchange different currencies within the system;
  • To exchange various values within the system;
  • To create and process operations under smart contracts;
  • To purchase information from third-party sources for services within the system.
The cost of a transaction can vary depending on the network load, on a particular user of the system, which can theoretically direct a huge flow of transactions at a certain peak time. We suggest using the material method and the impact on the system users to control the network load. The cost of performing transactions in the first three years of the system operation will be set individually for different types of transactions and operations. In the future, an algorithm for the automatic generation of the transaction cost will be developed.
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Andyx/bella

My bet would be that they want to attract that portion of the crypto community that loves volatility if that makes sense. Why else?

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Crypto Poppie

I agree, I think it’s just to make everybody in the community happy.

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