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Oscar Cash is an open source, permissionless, highly scalable, decentralized algorithm protocol based on Heco.
Oscar Cash uses an innovative mechanism that is completely dependent on the market and transparently executed through the algorithm of smart contracts. This algorithm is responsible for keeping the stablecoin supply in balance with fluctuations in demand, thus ensuring that the price of the token remains relatively stable.
OSS-Oscar Share
Oscar Shares represent the value of the Oscar System Network. Demand for Oscar Cash increases, causing new Oscar Cash tokens to be minted and distributed to Oscar Share holders, provided the Treasury is sufficiently plentiful.
Holders of Oscar Share tokens receive pro rata Oscar Cash tokens accrued to the board contract.