Purpose and Functionality

The primary role of SOLU is to serve as a stable digital currency that facilitates seamless and cost-effective transactions without the typical volatility associated with cryptocurrencies. Here are key aspects of SOLU’s functionality:

• Collateralization: SOLU is fully backed by a basket of assets, including cryptocurrencies and fiat reserves, held in a transparent and secure manner to ensure its stability.

• Minting and Redemption: Users can mint new SOLU tokens by locking up collateral in a smart contract, and similarly, redeem SOLU for their collateral, ensuring a fair and balanced supply mechanism.

• Price Stability Mechanisms: To maintain its peg to the US Dollar, SOLU employs automated algorithms and manual oversight to manage supply, respond to market conditions, and mitigate risks.