The Fiat-Collateralized Stablecoin
1SG is a stable coin issued by Mars Blockchain, aiming to overcome the existing issues in the existing stable coin market, thereby establishing a firm foundation for truly bringing digital coins into the daily lives of the people and into the commercial world. It provides open, transparent, efficient and convenient KYC/AML process with characteristic of stable value, high profitableness and high liquidity.
1SG Puts Investors First with a 1:1 Reserve Guarantee
Through the centralised, fully collateralized legal asset (Singapore Dollar), the token value of 1SG is guaranteed through a 1:1 exchange rate. Amid falling Ethereum and Bitcoin prices and bearish market outlook will have no effect on 1SG assets. For every 1SG, Mars Blockchain Pte Ltd, the firm behind the stable coin, will maintain 1 Singapore dollar as a capital guarantee in its bank account, adhering strictly to its 1:1 IOU reserve guarantee. Investors can store their assets as 1SG with a peace of mind in its ensured stability.
1SG Prioritises Verifiability of its Assets
Focused on maintaining accountability and encouraging mainstream adoption of stable coins as business collateral, Mars Blockchain Pte Ltd pledges to undergo strict monitoring by a third-party audit firm and promises to publish financial audit figures periodically which will provide full levels of transparency. By increasing investor confidence in 1SG, Mars Blockchain hopes to eliminate the trust barriers hindering mainstream recognition of these assets as business collateral.
1SG Aims to Provide High Liquidity as an Active Trading Pair
As a verified stable coin, 1SG aims to be the most actively traded pair in crypto exchanges. It plans to provide high liquidity for traders using 1SG, which would be a crucial step in bringing stable coins to the mainstream. Instead of holding illiquid coins that are susceptible to market volatility, 1SG hopes to be the stable asset storage replacement that is just as liquid — if not more.
Read more about 1SG in its white paper.