Invention Grant
- Patent Title: Method and system for stabilizing digital currency
-
Application No.: US17517706Application Date: 2021-11-03
-
Publication No.: US11861571B2Publication Date: 2024-01-02
- Inventor: Chris Allen , Davide Lucchi
- Applicant: Infrared5, Inc.
- Applicant Address: US MA Jamaica Plain
- Assignee: Infrared5, Inc.
- Current Assignee: Infrared5, Inc.
- Current Assignee Address: US MA Jamaica Plain
- Agency: Patent GC LLC
- Main IPC: G06Q40/04
- IPC: G06Q40/04 ; G06Q20/06 ; G06Q20/38

Abstract:
The present invention is directed to systems and methods for maintaining a stabilized digital currency is provided. The systems and methods include monitoring for one or more digital transactions in a service provider network utilizing digital coins, minting and storing a predetermined percentage of reserve tokens of the digital coins in a reserve pool, providing compensation for the one or more digital transactions as utility tokens of the digital coins, and monitoring current value of the digital coins for the digital currency for inflation or deflation.
Public/Granted literature
- US20220122046A1 Method and System for Stabilizing Digital Currency Public/Granted day:2022-04-21
Information query