Contact Us for Delisting

If your website has been listed as potentially fraudulent, but you believe that it is not involved in any deceptive activities, please reach out to us.

Once you've furnished us with compelling evidence of your legitimate presence in the Crypto World, we will consider removing your website from the list.

Common Reasons for Listing

We typically categorize websites as potentially fraudulent for several reasons:

• You may be concealing your team's identity.
• Your website might have a negative reputation due to suspicions of trickery or scams.
• You may lack a well-crafted project whitepaper, or the existing one may be of poor quality.

Their official site text

Stablecoins on the Market

At present, stablecoins in the cryptocurrency domain can be categorized into three types: Fiat-Collateralized stablecoins, Cryptocurrency-Collateralized stablecoins, and Algorithmic stablecoins. The distinctions among them are based on the nature of the underlying assets, collateral ratios, stablecoin issuance methods, and price stability mechanisms.

1. Fiat-Collateralized stablecoins

Fiat-Collateralized stablecoins are stablecoins issued with fiat currencies (such as USD, EUR, etc.) as collateral, such as Tether (USDT), USD Coin (USDC), and TrueUSD (TUSD). These stablecoins are usually issued and managed by centralized institutions, and maintain a collateral ratio of 1:1 in general, which means that for every stablecoin issued, one unit of legal currency needs to be pledged as collateral.

2. Cryptocurrency-collateralized stablecoins

Cryptocurrency-Collateralized stablecoins are stablecoins issued with cryptocurrencies (such as Bitcoin, Ethereum, etc.) as collateral, such as Dai, BitUSD, and sUSD. The collateral ratio of these stablecoins is relatively low, usually 1:1.5 or 1:2, which means that to issue every one of a stablecoin, 1.5 or 2 cryptocurrencies need to be pledged as collateral.

3. Algorithmic stablecoins

Algorithmic stablecoins are stablecoins that use algorithms to maintain stablecoin prices, such as Basis Cash and Frax. The price maintenance mechanism of these stablecoins is relatively complex, usually introducing elastic supply mechanisms and incentive mechanisms to adjust supply and demand and maintain price stability.

Interest-Bearing Stablecoin

Stablecoins generally differ in terms of the assets backing them, collateral ratios, issuance mechanisms, and price maintenance mechanisms. While various stablecoins may be suitable for different application scenarios, they all share one common shortcoming: the lack of interest income.

Does this imply that stablecoin holders do not require interest income? Certainly not.

However, since stablecoins do not generate interest, their holders have no choice but to bear the continuous depreciation of the USD due to the Federal Reserve's high interest rates caused by inflation.

If stablecoin holders indeed require interest income, why not simply offer it? The reason is that current stablecoins are incapable of doing so due to their issuance mechanisms and underlying assets.

Most fiat-collateralized stablecoins are issued by centralized or decentralized organizations. Although these stablecoins usually maintain a stable value and a high collateral ratio, their total issuance tends to be relatively small. Consequently, this leads to lower yields and makes it challenging to provide high returns comparable to bank deposits.

Cryptocurrency-Collateralized stablecoins are typically issued when holders pledge a certain amount of cryptocurrency as collateral. Since the collateralized cryptocurrencies cannot generate interest income, stablecoin issuers are unable to provide a secure and stable income to their holders.