The decentralized reserve currency designed to serve the ever growing Web3 financial ecosystem on PulseChain.
OlympulseX is an algorithmic currency protocol with the goal of becoming a stable crypto-native currency. Though sometimes called an algorithmic stablecoin, OlympulseX is more akin to a central bank since it uses reserve assets like DAI to manage its price. The goal is to achieve price stability while maintaining a floating market-driven price. The biggest difference between SEX and stablecoins like USDC is that SEX is backed but not pegged to a certain price. Technically, the price floor for SEX is 1 DAI, but practically a premium and the treasury value is added to the price. SEX differs from other algorithmic stablecoins because it issues SEX to buy DAI and other assets and maintain a treasury. This mechanism allows the SEX token to float.
