True Seigniorage Dollar price

TSD

True Seigniorage Dollar is a decentralized, oracle data driven stablecoin which uses a supply elasticity method around a Time Weighted Average Price (TWAP) oracle for price stability. It’s an algorithmic stablecoin which uses TWAP to stabilize the price. Our goal is to maintain the price $TSD = 1 USD in long term.

In short, TSD total supply will increase if price is above 1 and will decrease if price is below 1, everything is controlled and governed by smart contracts and the DAO.