About

Sweetcoin is an ERC-20 compliant, collatoralied stablecoin token from Sweetbridge.

History

Sweetcoin is an "rewards"-based is a token designed to return profit users with cash back from using the Sweetbridge platform. Sweetcoin's intended uses are three-fold: to borrow against the net present value of the coin; manage the token to ensure against the asset's devaluation; stake the token as a network operation participant. Sweetbridge describes the Sweetcoin discount token as "the cornerstone of the Sweetbridge ecosystem". Sweetcoin’s value comes directly from its ability to grant monthly discounts that grow as the revenue in the Sweetbridge network grows, according to the project. The "rewards" are generated for users by locking a minimum amount of the Sweetcoin token in a wallet from month to month.