Rune@RuneCrypto_
I've been buying @zero1cash's 01 over the past days
'Hook summer' has been the big story this month, with $SATO the largest so far. 01 takes the same idea further, using the best of all hooks, open source, run by no one, and anyone can use it
The coin is sold the same way $SATO is, the price follows a set curve as more is bought. It already holds around $350,000 in reserve behind the coin. With a recent upgrade, that reserve is held as stable dollars (USDS), and those dollars earn interest on their own through sUSDS. So the money backing 01 grows over time instead of sitting still, and that lifts the floor under every holder
It also has privacy built in: think zcash:native, but on Ethereum, on proof of stake. You can hold and move 01 without the whole chain watching. That part is still early, but it works and you can check it yourself, I tried it yesterday and moved $3K around privately
The part I'm most excited about is $USD0, a private dollar being built on top of 01. Backed one to one by USDS, so it actually holds its value, and you would be able to send dollars privately and earn interest while you hold them. I'm very bullish on this part, as privacy is quite a very bullish trend, and there's nothing like this, decentralized in the way it is
there is lending & borrowing on top of 01 too: you can put up dollars to earn, or borrow against your 01 without selling it, all onchain, no bank, no one in the middle
the community is still early, mainly chinese, but starting to grow on QQ & telegram
Open, decentralized, owned by no one
zero1.cash
