What is Dibs.Money?
The $DIBS algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the BSC network. The protocol's underlying mechanism dynamically adjusts $DIBS's supply, pushing its price up or down relative to the price of $BNB. Inspired by tomb.finance, who was originally inspired by the idea behind Basis as well as its predecessors (bDollar and soup), dibs.money is a multi-token protocol which consists of the following three tokens: -dibs.money ($DIBS). -DIBS Shares ($DSHARE) -DIBS Bonds ($DBOND).
What differentiates $DIBS from other algorithmic tokens?
Unlike previous algorithmic tokens, $DIBS is not pegged to a stable coin— it is instead pegged to $BNB. Because of BNBs high per coin price, we have decided to peg DIBS to BNB at a 1000:1 ratio. In other words, 1000 DIBS should equal 1 BNB for our PEG to be maintained.