What is Color Fungible Asset from #LayerZero?

1, Color Trace Idea:

- For example, Circle currently shares revenue with large units such as Coinbase, Binance,... Why? Because these are exchanges that help create demand, as well as trading Circle's USDC stablecoin. But, there are many other small units that cannot be counted that also help Circle develop USDC and earn profits, but they do not receive profit shares from Circle, almost only large parties or parties that can calculate it. profit sharing. Let's understand this problem first.

Thus Color Fungible Token was born. So what is it

2, What is Color Fungible Asset?

- Simply put, it is the series numbering for released stalecoins.

- Each unit participating in stablecoin minting will have a different color, distinguishing which unit the stablecoin is minted from.

(If you don't know how to operate USDC, USDC is minted for free, but when exchanged for real assets like US dollars, there will be a transaction fee)

- So why color, as mentioned in the ideas section above. For example, Coinbase uses the Color Trace solution, marking itself as red and issuing a series of USDV stablecoins with red markings.

When these stablecoins are used by the mint, then if the user wants to exchange that USDV stablecoin back to USD or mortgaged bond assets, they must pay a fee. At this time, part of the fee will be divided back to Coinbase.

3, Applicability:

- Easily share profits, from now on each contributor is marked with a unique color for the tokens they mint and circulate. Every time you allocate profits, you just need to rely on the proportion of each color (each unit) to allocate reward.

- Open a new round of token referrals.

4, Application projects:

@USDV_Money is the first project to apply ColorTrace.

- The first product is stablecoin USDV.

How it works: Through USDV, units mortgage real-world assets such as fiat currencies, bonds, etc. to mint $STBT tokens.

$STBT is exchanged 1:1 with stablecoin USDV.

USDV is also an Omnichain stablecoin and will be widely used in Omnichain integrated ecosystems in the future.

Color Fungible Asset also opens up decentralization, development and benefits in ecosystems no longer depend on a few giants, but everyone can contribute and receive rewards.

My opinion is that there will be more projects applying the Color Trace feature, especially Fungible Token and Non-Fungible Token.