TAO Finance is a decentralized financial system on the Ethereum and Avalanche Network. It consists of an algorithmic stable currency TAO$ pegged to USD for deposits, liquidity pools and loans. The liquidity pool AVAX/TAO$ is on the Avalanche Network. We are currently growing this pool and will stabilize it at 1 TAO$ = 1 USD using a ReserveMonetaryPolicyBot. The TAOX governance token will be distributed to liquidity providers and TAO$ Holders when the pool is stabilized and pegged. The TaoX token value is market driven. The TAOd token is issued to borrowers and is tranmutable for 1 TAOd = 1 TAO$ or exchanged on any available market. The TAO$ App is being developed for Android and iPhone and browser.
The supply of TAO$ increases with its market growth to maintain its peg to USD. In the development stages TAO$ will be available in liquidity pools on Ethereum-Balancer USDT/TAO$, the Avalanche-Pangolin AVAX/TAO$ pool and direct purchase.
Funds in the deposit vault receive interest and may be used as collateral for loans.
A TAO Finance key differentiator is the Oracle driven TAOBot which receives buy and sell signals for the investment vault. ERC20 coins and tokens are purchased and sold based on their market performance. The hold time of an asset is market and algorithm determined. Depositors in the investment vault receive profit sharing dividends.
The long term development plan includes a TAO Marketplace using IPFS where digital goods and services can be exchanged using TAO tokens.
In summary, the TAO$ features democratic governance, a stable monetary model, an investment strategy, redeemability, and the immutability and pseudo anonymity of blockchain storage.