🐳 WhaleBook (whalebook.base.eth)

USDS is a stablecoin that is soft pegged to the US dollar. It is decentralized, unbiased, collateral-backed, and is also the key to the Sky lending system. Currently, Sky(old MakerDAO) is one of the largest and most established dApps running on the Ethereum blockchain. The Sky protocol allows anyone with ETH to lend themselves money in the form of USDS stablecoin. USDS is resistant to hyperinflation since it is literally designed to minimize volatility and resist aggressive price fluctuations. Essentially, anyone anywhere can generate the USDS stablecoin against crypto collateral assets

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UNUS SED LEO is a Bitfinex exchange token. Used for reductions of fees and other discounts on BitFinex and EthFinex as well as similar fee reductions and/or other features and benefits for future Bitfinex trading platforms, products, and services.

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Tether belongs to the category of fiat-collateralized stablecoins. This means that a fiat currency such as the US dollar, euro, or yen supports every cryptocurrency in circulation. Other categories include crypto-collateralized stablecoins that use cryptocurrency reserves as collateral or non-collateralized stablecoins. Non-collateralized stablecoins do not have any collateral but work similarly to a reserve bank to maintain the required number of tokens, depending on the economic situation.

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Binance Coin (BNB) is the native token of Binance Smart Chain (BEP-20) and Binance Chain (BEP-2). Originally launched in 2017 on the Ethereum blockchain, BNB is now used for all operations in the Binance ecosystem. Binance Coin was launched with an initial coin offering (ICO) in 2017, where half of BNB’s strict maximum of 200 million tokens were offered to the public. The rest were distributed between angel investors and founding members. The coin was created as a utility token for discounted trading fees, but its uses have since expanded to numerous functions, both in and outside of the Binance ecosystem.

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