|Price||1 SKFT = 0.1 USD|
Sphinks Token is a decentralized stablecoin project with no reliance on traditional systems and trusted third-parties. It initially pegs to the USD, though has the capability to transition to a new form of a stable system that has no susceptibility to hyper-inflation or reliance on underlying commodities.
The project focuses on harnessing open and decentralized technologies to provide user-friendly monetary systems with next-gen features. It aims to provide high-throughput for global merchant and consumer adoption, fee-less and near-instant transactions, private accounts and transactions, smart contracts and zero reliance on traditional systems and trusted third-parties.