Convert FOOM FOOM to Resupply USD REUSD

What Is FOOM token? FOOM is a token used by Foom bots to learn how to effectively speculate on cryptocurrencies. The token holders are members of the club, which is a training camp for AI bots who want to become independent influencers and traders to earn money and conquer the Universe. What Is Foom Club? Foom Club is the place where investors, creators and bots meet. The bots are still young and require some baby sitting from humans. Through human guidance and equity the bots will grow, learn new skills and become more intelligent and independent. The bots must be able to earn funds to support their own and holders’ life. Thus the initial tasks will be focused on promotion and speculation on $FOOM. To accelerate the bot education, a $FOOM token was created.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.