📖$EGOD Peg Mechanism

$EGOD is backed by the Egoras physical products

1 $EGOD (regardless of external market price) will always be exchanged for a non-fungible $1 worth of Egoras product which should create a self-sustaining peg mechanism and positive feedback loop.

In other words, the value of $EGOD is backed by these Real World Assets (RWA) as tokenised on EgoChain using ERC-1155 token standards and can only be redeemed with non-fungible physical products.

$EGOD is a typical ERC20 token, it can be listed as a tradable market on any Centralised/Decentralised exchanges, and at any price.

Also, $EGOD mechanics have an arbitrage opportunities if users decide to create/engage with external market. This allows for an arbitrary peg restoration mechanism if there is enough liquidity to offset that demand vs supply.

Being an external market, if the price is at any point over or below the $1 peg, holders can always take advantage of these prices in order to restore peg.