Ceres protocol is an algorithmic stablecoin protocol with superior stability, scalability and capital efficiency, aims to build an algorithm-based central bank and construct the infrastructure of the cryptocurrency world.
Ceres protocol is based on innovative algorithms issues stablecoins named ASC with price pegged to $1, and continues to expand the scale of ASC quickly at high capital utilization efficiency, while maintaining the stability of ASC price. CRS is revenue and governance token of Ceres protocol.
Ceres protocol is deployed on Binance Smart Chain first, and then will be deployed on various public chains. Ceres protocol on each public chain interacts with each other through a cross-chain bridge.