A lot of times we heard from the community, that USDT is not backed by US Dollar 1:1. And sometimes Tether said that USDT is only backed 74% by fiat and there are no necessaries to be fully backed by cash only. Then they said, that USDT is fully backed. And I think, that Tether (USDT) is backed only by human psychology, not by US dollars. They told people, that USDT costs $1 and only because of this, the price of USDT = $1. I want to prove it and I create a token, that should cost $0.50 โ 50 Cents Token (50CENTS). I set the initial price at $0.01 to check the possibility of reaching a price of $0.50. If we will do it โ experiment was successful.
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