Over the past 6 months, we've seen lots of algo stable-coins come and go, all of them ultimately failing to keep peg. $IRON was the latest example (although $IRON was really only collateralised, and the "algo" part was purely financial rather than mechanical). To this day, there hasn't been a single fully decentralized stable-coin; one that can keep peg without anybody's help. No collateral. Our lead developer thinks he can make it happen. He even knows how and has a plan. We, of course, cannot reveal our secrets now, but stay tuned. This one may be ground-breaking. The use of $DMND in this protocol comes from staking and burning $DMND to add value to the stable-coin.