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?
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
Here is the answer to your question. Quoted from Credits Whitepaper:
Cost of TransactionsThe 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.