Oscar Cash is an open-source, permissionless, highly scalable, and decentralized algorithmic protocol based on Heco.
Oscar Cash employs an innovative market-dependent mechanism that is transparently executed through the algorithm in smart contracts. This algorithm is responsible for balancing stablecoin supply with demand fluctuations to ensure the token price remains relatively stable.
OSS - Oscar Share
Oscar Shares represent the value of the Oscar system network. An increase in demand for Oscar Cash results in new Oscar Cash tokens being minted and distributed to Oscar Share holders, provided the treasury is sufficiently funded.
Holders of Oscar Share tokens can receive Oscar Cash tokens accumulated in the board contract on a proportional basis.