Currently, stablecoins are one of the most important financial instruments for cryptocurrencies. Thanks to stablecoins, it became possible to carry out exchanges into fiat money understandable to many people without leaving the cryptocurrency.
100% backed and fully transparent
As collateral, Alternative RUBLE uses another stablecoin - BUSD. BUSD is a US dollar stablecoin, the stability of which is controlled by several organizations, including Paxos and Binance. This ensures a high level of stability of the Alternative RUBLE.Collateral information
ARUB tokens are available on the following platforms
We are constantly developing the Alternative RUBLE stablecoin and entering into new partnerships with various organizations to increase the popularity of the token. The token is currently available on these platforms:
FAQs
The Alternative RUBLE is a stabilized token of Russian currency - Ruble on various blockchains (Binance Smart Chain, Ethereum, Everscale and etc.) stabilized with the BUSD token frozen in the ARUB smart contract.
We use two schemes for calculating the exchange rate.
The first scheme works now, but in the future it will be abolished. It implies a centralized setup of the exchange rate on the internal exchange of the Alternative RUBLE.
The second scheme is planned to be introduced in the future as the main one. It will implement the setting of the course with the help of DAO - a decentralized organization which is controlled by a large number of participants through voting.
The Alternative RUBLE has an internal exchanger, the exchange rate of which is set based on the world exchange rate of the Russian ruble against the US dollar. Anyone can invest the BUSD currency to buy the ARUB and also sell the ARUB and get the BUSD at the exchange rate with a small commission. This method of stabilization allows you to overwrite the exchange rate of external markets due to the presence of the internal market. This is a variant of a simplified scheme of the work of the external economy of some countries.
Also part of the commission used in the exchange goes to increase the security of the stablecoin by increasing amount of BUSD backed in smart contract, which is why the stability of the alternative ruble grows with each exchange.
ARUB is the abbreviation for the Alternative RUBLE. Both names are also applicable to the currency, the exchanger, the name of the project and the organization's website.
Team
Mikhail Belyaev
Founder & CEO
Serial entrepreneur. Master of Economic Sciences. Graduate of the MBA Academy Skolkovo
Daria Barkova
Founder & CPO
Star Recruiter
Andrei Nedobylskii
CIO
Blockchain specialist. Blockchain platform developer with 5 years of experience.
Latest news
ARUB listed on PancakeSwap
The Alternative RUBLE was listed on the PancakeSwap exchange. Raised first providers liquidity.
Alternative RUBLE token listed on Everscale's FlatQube.io!
The ARUB was listed into the decentralized exchange of the Everscale network - FlatQube.io and also added to the list of tokens by the ScaleWallet.
