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About Carbon
Although 'CUSD' was the ticker assigned at the deployment of the Carbon Token's smart contract, it is already in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this pre-existing association and to avoid confusion in the marketplace, the alternative ticker 'CARBONUSD' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.
Carbon is a non-collateralised stable coin that has two types of tokens, the Carbon stable coin and the Carbon Credit token (“Carbon Credit”). If the demand of the Carbon stable coin starts to decrease Carbon Credits are auctioned off via a reverse Dutch auction smart contract to the market participants who are willing to burn their stable coins (Carbon). On the other scenario, when the demand for the Carbon stable coin increases new minted stable coins are distributed to Carbon Credit holders on a pro-rata basis, originating downward pressure to push the price back to the peg.
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