kovrita.io

Here's what it says on the kovrita.io website:

Kovrita stablecoins are a fine-tuned combination of all three main collateralization models: fiat money, cryptocurrency “basket” and algorithmic. Any type of Kovrita network’s third-party failures cannot impact the stability of the whole system, but rather lead to the temporary, automatically recoverable state of partial hedging. Coins creation, their distribution, and their value maintenance are based on the project’s unique incentivization model. Distribution of project’s assets within the Kovrita network of individual holders, various third party co-owners, custodians, private funds, business entities, and exchanges, allows for seamless audit by the community, which can be conducted periodically, per planned time periods, or even on-demand. The total project’s valuation can be estimated at any given time point with a high degree of accuracy. Trust building via periodic releases of platform assets into “locked-in forever” functional Ethereum contracts. Web3.0 ready, serverless architecture designs, blockchain as a service (BaaS) user interfaces (UI) and wallets built on demand. Secure data access, the blockchain-driven database which cannot be tampered with. Ease of applications scaling. Distributed ownership of the project by the participating parties, physically located across the world will allow businesses to conduct their operations in full compliance with local laws and regulations, be it the local branch of the Kovrita project or an independent business entity. Kovrita project is facilitating easy market entry via direct financial sponsorship and provision of technical assistance. For the reason that all Kovrita coins are backed/hedged by the corresponding assets, to own any of the easily convertible Kovrita coins means to own corresponding tradable asset. Ethereum’s ERC-20 common standard behind Kovrita coins serves as a solid base for the project’s own Decentralized Exchange (DEX) development but can be immediately used by any and all existing DEXes. Auditable, powered by multiple redundant software oracles, Ethereum smart contracts for the automatic exchange to and from Kovrita coins, with built-in live exchange rates, for the fail-safe data feed and processing. Highly advanced, adjustable, smart contract-based Affiliate/Referral system. Powerful incentivized voting contracts to boost system performance and to enhance its development agility. Kovrita project is all about end-users, YOU! Kovrita is fully open to staking in the project ownership by anyone interested and will financially sponsor the creation of new third-party businesses whenever possible. Within Kovrita network, this approach allows for the establishment of the multitude of interconnected ventures with overlapping interests, without sacrificing the full profit potential for their owners, while still benefiting from being part of a larger enterprise-scale project.