1 SG token Airdrop 2021

1SG is a stable coin issued by Mars Blockchain, aiming to overcome the existing issues in the existing stable coin market, thereby establishing a firm foundation for truly bringing digital coins into the daily lives of the people and into the commercial world. It provides open, transparent, efficient and convenient KYC/AML process with characteristic of stable value, high profitableness and high liquidity.

Cryptocurrency has become the hotspot in economics. Both ordinary investors and institutions have expressed keen interest in it. While the population thinks that cryptocurrency, similar to the Internet, shall bring about great impact on the society, its significant price fluctuations have posed a huge obstacle to becoming a medium of exchange and a unit of account (three key functions of a currency: unit of account, medium of exchange and a store of value). Hence, the birth of the stable coin. However issues such as lack of transparency in legal assets backing the currency, instability in the stable coins, time-consuming and lengthy KYC as well as insufficiency liquidity, are present in the most commonly used stable coins, be it USDT, DAI or TrueUSD. Therefore, 1SG was created to be solution to the current issues in the existing stable coin market, thereby establishing a firm foundation for truly bringing digital coins into the daily lives of the people and into the commercial world. Through the centralised, fully collateralised legal asset (Singapore Dollar), the token value of 1SG is guaranteed through a 1:1 exchange rate. Through blockchain records that are tamper- proof and bank financial reports audited by an independent third party, 100% acceptance mechanism can be achieved.

1. Product Introduction

Cryptocurrency has become the hotspot in economics. Both ordinary investors and institutions have expressed a keen interest in it. While the population thinks that cryptocurrency, similar to the Internet, shall bring about great impact on the society, its significant price fluctuations have posed a huge obstacle to becoming a medium of exchange and a unit of account (three key functions of a currency: unit of account, medium of exchange and a store of value). Hence, the birth of the stable coin. However, issues such as lack of transparency in legal assets backing the currency, instability in the stable coins, time-consuming and lengthy KYC as well as insufficiency liquidity, are present in the most commonly used stable coins, be it USDT, DAI or TrueUSD. Therefore, 1SG was created to be a solution to the current issues in the existing stable coin market, thereby establishing a firm foundation for truly bringing digital coins into the daily lives of the people and into the commercial world. Through the centralized, fully collateralized legal asset (Singapore Dollar), the token value of 1SG is guaranteed through a 1:1 exchange rate. Through blockchain records that are tamper- proof and bank financial reports audited by an independent third party, 100% acceptance mechanism can be achieved.

2. Features of 1SG

a. 1SG stablecoin features

1SG circumvents the volatility of other major cryptocurrencies by maintaining a fixed peg to $1 SG through financial markets, providing financial/trade/personal asset management platform.

b. Currency circulation is transparent

Investors can conveniently check the amount of 1SG stablecoin circulating through the Ethereum blockchain and compare the audited bank balance statements issued by the reserve certificate system to ensure that there is sufficient statutory asset protection.

c. Efficient and convenient KYC/AML review process

1SG complete the transaction basic audit work in accordance with the international standard KYC/AML, combine advantages of the blockchain technology and the traditional financial customer information system. 1SG is a more efficient, accurate and credible system using KYC process and greatly shorten the audit time.

d. Safe and high liquidity

1SG will establish a multi-level, high-traffic mobility ecosystem and the most active trading connection platform by connecting with the global mainstream cryptocurrency exchanges. User can complete various cryptocurrency exchange, fund hedging, asset storage, cross-border transactions, payment settlement through exclusive wallets.

The Fiat-Collateralized Stablecoin

1SG is a stable coin issued by Mars Blockchain, aiming to overcome the existing issues in the existing stable coin market, thereby establishing a firm foundation for truly bringing digital coins into the daily lives of the people and into the commercial world. It provides open, transparent, efficient and convenient KYC/AML process with characteristic of stable value, high profitableness and high liquidity.

1SG Puts Investors First with a 1:1 Reserve Guarantee

Through the centralised, fully collateralized legal asset (Singapore Dollar), the token value of 1SG is guaranteed through a 1:1 exchange rate. Amid falling Ethereum and Bitcoin prices and bearish market outlook will have no effect on 1SG assets. For every 1SG, Mars Blockchain Pte Ltd, the firm behind the stable coin, will maintain 1 Singapore dollar as a capital guarantee in its bank account, adhering strictly to its 1:1 IOU reserve guarantee. Investors can store their assets as 1SG with a peace of mind in its ensured stability.

1SG Prioritises Verifiability of its Assets

Focused on maintaining accountability and encouraging mainstream adoption of stable coins as business collateral, Mars Blockchain Pte Ltd pledges to undergo strict monitoring by a third-party audit firm and promises to publish financial audit figures periodically which will provide full levels of transparency. By increasing investor confidence in 1SG, Mars Blockchain hopes to eliminate the trust barriers hindering mainstream recognition of these assets as business collateral.

1SG Aims to Provide High Liquidity as an Active Trading Pair

As a verified stable coin, 1SG aims to be the most actively traded pair in crypto exchanges. It plans to provide high liquidity for traders using 1SG, which would be a crucial step in bringing stable coins to the mainstream. Instead of holding illiquid coins that are susceptible to market volatility, 1SG hopes to be the stable asset storage replacement that is just as liquid — if not more.

New Airdrop: 1SG (1SG)

Reward: 100 1SG

Focus: Distribution is on May 16th

Bot Airdrop Link: https://t.me/OneSG_Bot?start=r02688227370

Note: Airdrop rewards will be distributed on May 16, 2021. please remember don’t spend a penny for airdrops tokens. Please note that, we’re just promoting/posting airdrops daily for our channel activity, but please do research yourself (DYOR) before joining to any new airdrops and please don’t invest in this airdrop projects. If you invest, it’s your responsibility, we can’t help you for that.

Additional Information:

1SG seeks to make seamless transactions by pegging one 1SG token to one Singapore dollar.

Disclaimer

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No Investment Advice

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. WE do not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Although we strive to list only legitimate projects, we are not responsible for any problems or losses caused by scams or inaccurate information. Make sure you never share your private keys!

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Marni Tacorda Mancenido

Digital Marketing- Social Media Management- Email Marketing Strategist- Affiliate Marketing