Soup Protocol is an experimental project that enables the generation of SOUP tokens that runs on Binance Smart Chain.
Inspired from the likes of Basis Cash & bDollar, SOUP is an algorithmic token that is designed to pegged its value to the Binance (BNB) token instead to a stablecoin.
The protocol is designed to expand and contract the supply of SOUP tokens similar to the way central banks trade fiscal debt to stabilise purchasing power, without any rebases or collateral risk.
The SOUP token can be utilised to buy and sell tokens on Pancake Swap and also can be used to interact with Soup Protocol's upcoming games such as Soup3D.
Last modified 11mo ago
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