Mambo Solid Coins
What are Solidcoins
Solidcoins are not Stablecoins
They are designed to replace the fiat shitcoin stablecoins.
Fiat stablecoin are a contraditions to the primordial idea of decentralized currency and they are a trojan horse of the current totalitarian regimes, specially in western countries.
We need to replace them with a kind of coins that have no connection to fiat money.
Solidcoins are orientated and daily use assets or commodities, but they are not pegged to those prices.
The goal is to have fun you pay and receive payments with a bountiful choice of currencies for different purposes, running on the best decentralized, fast and cheap L1 GhostDag Kaspa - all with riable low volatilty towards Kaspa currency itself. Solidoins help broaden the balance sheet of Kaspa - where it is wished or needed.
A very simple concept with proven track record:
There are two kinds of Solidcoins:
1) Those with huge supply like $GOLD, $Bonds $Cafe $China $Brasil.. they can be funny like Memecoins
but they are designed to remain in a narrow price range towards Kaspa (the base currency), no aim to make exponetial price pumps over a short time period (in relation to Kaspa)
2) or very rare collectible Solidcoins like $Eagles , $Eagle $King $Rock $Whales $XMAS ... . The scarcity of those heavy solidcoins makes them ideal collectible coins - the value is supported by the funds from the sales - what makes them a very solid longterm investment with high upside potential.
Solidcoins are stabilized by appying certain tokenomics, a proportion of long term public minting to ceil the price and
by trading robots and systems and market maker interventions in favor of the token.
This makes them ideal for payments because of low volatility.
The circulating supply of typ 1) solidcoins is elastic. If there is less demand, the token management may buy them back an put into rerserves again
The typ 1 Solidcoins have an huge total supply which serves as reserve and should not be counted for marketcap calculations, since they are not in circulation. As soon as smart contracts allow it on real dexes, several solidcoins may build LPs with each other using big amounts of the total supply - this will lower the volatility and make them floating dependend from each other.
Solidcoin are not pegged on fiat money or other assets.
The initial price from solidcoins are taken from asset prices or other factors and supposed to be held in a narrow price range around the initial price by floor price support buy ups from sales funds and by trading systems or robot (in future).
The goal is to make it fully trustless with smartcontracts. But in the beginnig manual management help is needed. Collateral is used to buy up on lower range and sell partially back on higher range, ideally in a growing up range.
Collateral will be mostly Kaspa and up to maxiumum 30% usd stablecoins or future global reserve currenies.
As much are sold into circulation, are collateralized with Kas and partially with existing stablecoins and main cryptocurrencies.
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Mambo Solidcoins - finally it is fun to pay
The detailed Solidcoin concept Whitepaer is in preparation.
Roadmap to DAO: Once Kaspa gets Smart contract layers and we can transfer our Solidcoins into those sm layers,
Mambo plans to make solidcoins as DAO as possible, controlled mainly by sm and am trading robots.
At this stage cons like $GOLD will be true digital Gold.
Solidcoins deployed on Kaspa
Following solidcoins are deployed
and avaiable on Marketplace and
Sales here (in preparation, no 3rd party fees for swaps, but manually executed)
You will get best price here and are not bound on a fix amoutn to invest per offer.
https://www.kaspiano.com/?ref=AAD3MxIu
KSRP telegram bot Marketplace
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Kroc bot Marketplace
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Probably the most prestige Solidcoin:
The first real digital $GOLD:
$Gold intial price about 1/1000 of 1 ounce of Gold at 2500 USD at 0.17 Kas (September 2024).
= 0.06 $Gold per mint (1 Kas)
1 $Gold = 16.6 Kas
Sales price max 5-25% lower than mint price. There should be more tokens in circulation by sales then by minting, ideally to support the price.
We strongly reccomend to buy $Gold on Marketplaces or here, to long term support the value of the coins.
The minting price serves as a ceiling, to maintain $Gold in these proportion to Kas.
The future will show whether physical Gold or Kas will perform better , $Gold will follow Kas.
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$Bonds: very heavy Solidcoins - making payments of big amounts easy countable, serves as a long term store of bigger capital.
1 $Bonds = 1000 Kas price orientation
More Infos folow.
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$XMAS: the ideal gift for Christmas.
1 $XMAS = 200 Kas
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$CAFE : initial price oriented to the price of 1 Expresso standing on a coffee bar in Rome and Paris.
Its a hommage to the biggest coffee cuture countries Italy and Fance.
1 $Cafe = 8.3 mints
1 $Cafe = 6-8.5 kas on sales.
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$China - in preparation
$Brasil - in preparation
Both can replace their currency partially.
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$Franc - the successor of the first solidcoin of Mambo back in 2021
- which is proof of concept.
details in prep.
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Very heavy and rare collectible solidcoins & memecoins:
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$Eagles , $Eagle $King $Whales $Rock $XMAS and $Yeshua are a mixture between memecoins, rare collectibles and heavy solidoins.
Mambo considers them as the best currencies toghether with $Gold on KRC-20.
Very exciting tokens.
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$Coins - a lightwight solidcoin for massive retail micropayments.
DO NOT MINT $COINS:
1 Kas = 100 Coins on sales (like Kas cents)
1 mint Kas = only 0.0001
(this was made as a joke with 0.0001% of total supply, only those you do not DYOR will mint it at their own blame).
Its like some of the copper cents who are much more expensive to mint than they have value.