Frankencoin Price(ZCHF)

Frankencoin is a collateralized stablecoin that aims to mimic the value of the Swiss franc ($CHF) without relying on traditional price feeds. Rather than depending on external oracles, Frankencoin employs an auction-based liquidation mechanism, which allows for a flexible approach in terms of collateral usage. This characteristic positions Frankencoin as a versatile financial instrument catering to various assets, unlike many stablecoins which are often tied to single asset classes or external valuations.

The project aims to achieve not only a stable medium of exchange but also broader adoption within the decentralized finance (DeFi) ecosystem. By creating a reliable currency that removes the volatility typically associated with cryptocurrencies, Frankencoin strives to provide a secure and efficient payment solution for users who are always seeking stability, particularly in volatile markets.