ViralCoin Founder Reveals Why VIRAL Can Flourish During a Bear Market With its Unique Stabilizing Mechanism

Calabasas, CA, United States, July 18, 2022, Chainwire

ViralCoinA new cryptocurrency project centered around subscription payments and price stability has unveiled details of its new stabilization mechanism. According to ViralCoin founder James McLendon, ViralVault contracts utilize on-chain arbitrage to keep prices relatively stable, regardless of crypto market conditions.

If the price of VIRAL is too high, ViralVault will mint additional VIRAL and transfer the newly mint VIRAL to the liquidity pool. Similarly, if the price of VIRAL is too low, ViralVault will be extra. Buy a good VIRAL and burn it to rebalance prices, “explains McLendon.

According to the founder of the project, the price of tokens is about the same for all users, regardless of when they were purchased, so there is no incentive to sell or terminate them early. With ViralCoin, owners get a 3% reflection on every transaction on the network, and the price remains stable, without a significant drop in the market price of cryptocurrencies. You can rest assured that your VIRAL balance will continue to grow. “

He adds: “This design allows holders to focus on increasing the VIRAL balance rather than focusing on price fluctuations like many other tokens. ViralCoin is a bear, bull, or precedent. Designed to succeed in no market. “

ViralCoin is designed to be the gold standard for crypto subscription payments. VIRAL holders can pay for recurring subscriptions to various services simply by using the excess balance they have earned. As McLendon explains, “We’ve rethought how subscriptions work and we no longer have to constantly replenish our account balances. This is a major paradigm shift in subscription payments.”

The ViralCoin smart contract has a mechanism that works across seven EVM networks, allowing you to set up a “gas station”. This allows the owner to pay the subscription with VIRAL instead of using the network’s primary token (ETH, MATIC, BNB, etc.). “It’s ridiculous to ask for gas tokens such as ETH to use another token you already have,” McLendon adventures. “This is why VIRAL gas stations are so important to the subscription industry that they enable insulation in the bear market.”

ViralCoin is currently raising $ 10 million for a three-year outreach campaign to bring awareness, utility and community growth, making VIRAL a de facto token for the cryptocurrency subscription industry. I am.

About ViralCoin

ViralCoin is a blockchain-based cryptocurrency project. Consisting of native VIRAL tokens, a highly enthusiastic community, and Viral Wallet, this project is committed to making cryptocurrency subscription payments more accessible in everyday life.

learn more: https://www.viralcoin.com/

contact address

Joe Rodgers, ViralCoin, [emailprotected]