Pegging

Pegging means that a certain asset is fixed to a certain price. Of course, since the value of cryptocurrency is determined largely by the law of supply and demand, it is almost impossible for a token to be completely immune to market volatility. However, KCD price is designed to be able to maintain its peg, even if it temporarily fluctuates due to market conditions.

The basic principle of pegging is that KCD is always minted at the price of 1 USD regardless of the market price. Find below for examples on different situations.