Float Protocol aims to create a decentralized financial system for the future. At its core, the protocol utilizes the FLOAT token, which is intended to be the first truly native internet currency. The FLOAT token successfully encompasses the three key attributes of money: serving as a medium of exchange, a store of value, and a unit of account. Unlike typical stablecoins, FLOAT is designed to be stable with significantly reduced volatility compared to other cryptocurrencies. However, it is not specifically tailored to maintain a fixed value of $1.00. Instead, similar to major fiat currencies, FLOAT is designed to fluctuate and alter in value over time. This stability is achieved through regular auctions that either increase or decrease the token supply. Additionally, FLOAT is partially backed by a 'Basket of cryptocurrencies,' which are utilized in the auction process.
For those who want to download the Float-Protocol-Float logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Float-Protocol-Float logo.