Roadman Announces Its First Stablecoin, SATO ("SATO"), that Adopts the AMPL Algorithm & Liquidity Pool Launching with iCashRewards
VANCOUVER, BC / ACCESSWIRE / March 29, 2021 / Roadman Investments Corp. (TSXV:LITT)(OTC PINK:RMANF) ("Roadman" or the "Company") licensee A3Com Solutions Corp. ("A3Com") is pleased to announce that it is entering into strategic partnerships with SATO, a next generation of Stablecoin.
iCashRewards is very happy to partner with SATO to apply SATO to the iCashRewards ecosystem that combines the utility token ("iCashToken") with the rewards of a loyalty point that rebates customers for use of iCashRewards eCommerce shopping platform and services. iCashToken is planning to merge with SATO. Each user from iCashRewards can redeem their iCash Loyalty points ( iCashPoints) with Sato. One iCashToken can be exchanged with 1 SATO. Each SATO is priced at $1.00, and the exchange will be effective from March 31 to April 15, 2021. Going forward, iCashPoints can continue to redeemed cash, USDT, BTC as well as SATO.USDT. SATO is planning to list on various exchanges on April 14, 2021.
The crypto industry has seen the rise of various Stablecoins in the last few years. These Stablecoins have been built in different ways. USDC, HUSD, TrueUSD are backed by fiat USD DAI, Frax, OUSD are collateral based.
SATO is a Stablecoin that is neither fiat backed or collateral based. It is purely algorithmic and relies on market forces of supply and demand to maintain its price. https://finance.yahoo.com/news/roadman-announces-first-stablecoin-sato-203000960.html