COS/USDSB is now live for trading on Binance DEX
In continuation with our recent number of successful listings, Stably is excited to announce the listing of COS against USDSB as a base trading pair on Binance DEX on July 7th, 2019.
COS/USDSB on Binance DEX: https://www.binance.org/en/trade/COS-2E4_USDSB-1AC
USDSB is the first BEP2 stablecoin with a presence on Binance DEX, making it possible for other Binance Chain projects to establish transparent, liquid, and stable on-chain trading pairs.
What is COS?
COS is a token listed on Binance DEX that is developed by Contentos. COS is the native cryptocurrency of the Contentos ecosystem, and is used to reward contributions and pay for services within the network. Smart contracts automatically execute transaction payments and the distribution of rewards without an intermediary. The main features of the Contentos platform are content advertising based on viewership and interaction data, a variety of options for users to support creators, and the ability to sell content within the platform between creators.
COS Asset Page on Binance Chain: https://explorer.binance.org/asset/COS-2E4
For related information, please refer to Contentos’s blog post (Contentos Joining Binance Chain To Explore the Content Blockchain Ecology in a Win-win Cooperation) or its white paper.
How to Buy and Redeem USDSB
Any user can create or redeem USDSB, as well as swap with our ERC-20 USDS token. Simply open a support ticket and a member of our operations team will contact you to provide further instructions.
In the coming weeks, we will integrate this functionality into our web platform, where the process to purchase, redeem, or swap to USDSB will be available.
To learn more about USDSB, please read our launch blog post here.
Where To Store USDSB
Users can start depositing USDSB tokens on Binance.com in their wallets. Additionally, users can can custody USDSB directly in the following wallets, as well as any other wallets that support BEP2:
Stably is a venture-capital backed startup. Our vision for the future is to create a more efficient global infrastructure for transferring and settling funds — faster, cheaper, and accessible to all.
What is USDS?
USDS is a stablecoin created by Stably and issued by Prime Trust, a Nevada-chartered trust company that is also the regulated administrator for USDS. Stablecoins are cryptocurrencies that are equivalent to national currencies — i.e. digital cash. Regulated, fiat-backed stablecoins are backed by physical reserves of cash and can be redeemed at a 1:1 ratio.
USDS virtually eliminates the crippling price volatility of traditional cryptocurrencies like Bitcoin and Ethereum, while still retaining many of their useful characteristics.
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