Fragments (FRG)

The Fragments protocol is an algorithmic monetary supply policy and reserve.

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What is Fragments

Fragments is an algorithmic reserve and monetary supply policy for creating low volatility Ethereum Standard tokens, and their mission is to produce a fair and stable cryptocurrency  for the world.

The protocol offers downside protection using a dynamic reserve, while maintaining upside interest through currency splits. Fragments’ first token will be the USD Fragment, a cryptocurrency targeted to the US dollar.

At a high level, the Fragments protocol stabilizes price by moving volatility from unit price to unit count.

To stabilize purchasing power, we increase and decrease supply in response to demand.

• When the protocol needs to increase supply, it capitalizes a reserve and then splits—proportionally distributing tokens to wallets.
• When the protocol needs to decrease supply, the reserve automatically purchases tokens and removes them from supply in exchange for bonds—which are first in line to recapitalize the reserve under expansion.