Inspiration
My inspiration for this project was to create a crypto back stablecoin to achieve true decentralization by not relying on fiat currency to peg the stablecoin. In addition, to maintain a general level of compliance, a user has to pass KYC before his wallet address can be approved to purchase the stablecoin.
What it does
A user sends X number of LINK tokens to the smart contract and receives an equal amount of HACK tokens.
How we built it
I built this using Truffle as my IDE and Solidity as the language to write the smart contract.
Challenges we ran into
I would like to add a staking feature where a user who sends HACK tokens back to the smart contract can get 1.10 LINK tokens back for every 1 HACK token sent back to the contract. This is a work in progress. I also have a fee structure built into the smart contract where the contract charges a fee to sell HACK tokens back to the contract, but the fees a little steep, so I need to modify that.
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