INTRO

AugmintPay aims to change the way people use decentralized stablecoins, such as A-USD (Augmint), Dai (MakerDAO).
AugmintPay is a first service which makes stablecoins more practical as a form of daily P2P payments by creating mutual interest among retailers and customers.
The adoption of stablecoins, such as MakerDAO (Dai) and Augmint (A-USD) will be catalyst to the new decentralized internet becoming mainstream. These stablecoin projects have incentives to adjust their coin supply (Dai and A-USD) to market demand in order to maintain steady state.
However, Dai and A-USD could be used for purchases, up till now this goal is far from mass adoption. All of their use cases are related to speculative purposes. Nearly 91% of stablecoin users just want to make an offer in USD-fixed price speculating on other volatile cryptocurrencies and 9% of them seize the opportunity of hedging by leveraging their cryptocurrencies to secure stablecoin based personal loan. Stablecoin owners conv...
INTRO

AugmintPay aims to change the way people use decentralized stablecoins, such as A-USD (Augmint), Dai (MakerDAO).
AugmintPay is a first service which makes stablecoins more practical as a form of daily P2P payments by creating mutual interest among retailers and customers.
The adoption of stablecoins, such as MakerDAO (Dai) and Augmint (A-USD) will be catalyst to the new decentralized internet becoming mainstream. These stablecoin projects have incentives to adjust their coin supply (Dai and A-USD) to market demand in order to maintain steady state.
However, Dai and A-USD could be used for purchases, up till now this goal is far from mass adoption. All of their use cases are related to speculative purposes. Nearly 91% of stablecoin users just want to make an offer in USD-fixed price speculating on other volatile cryptocurrencies and 9% of them seize the opportunity of hedging by leveraging their cryptocurrencies to secure stablecoin based personal loan. Stablecoin owners convert their coin to fiat currencies such as USD or EUR whenever they want to purchase something.
The reasons why stablecoins are not used for purchases are that (1) there were not any ecommerce network yet behind them and (2) cross-chain protocols were not matured to enable low threshold to convert any digital asset (such as BTC) from any blockchain into a corresponding proxy asset (such as A-USD or Dai).
AugmintPay (1) makes retailers interested in acceptance of stablecoins, and (2) makes cryptocurrency owners interested to pay with stablecoin by leveraging their crypto assets on Wanchain protocol. By Wanchain they will able to convert any digital asset from any blockchain into Dai or A-USD from 2019 January.

WHO WE ARE?

We are the developers of Augmint.org which secures stablecoins for leveraging ETH. It solves user friendly way the hedging use case of crypto market. If ETH owners want to minimize their exposure to day to day price fluctuations in ETH, they can leverage their ETH assets in 3 clicks without any centralized system.
AugmintPay is a payment service built on stablecoin projects such as Augmint and MakerDAO (and later Circle with USDC too). So it will be operated on other stablecoins (pegged to USD) which are well known for the market niche, because USDC and Dai on Wanchain have advantage that users will be able to leverage multiple assets - such as USD or BTC - expanding the horizons of opportunities in crypto payment market.
More information

Employees

Aron Ecsenyi
Admin
Aron Ecsenyi CEO I have practice with managing teams, analyzing market and continues to be the guiding force behind the development team.