About Cache

All you need to work with; the smart contract is the contract address 0x8b9a25dfae16173403a21894eb9046084f717ec0! Works with Metamask and like wallets. Unlike other confusing and complicated platforms, Cache is 100% decentralized with no user interface. It's easy to use; just send Ethereum to the smart contract and get Cache coins in return. You can redeem your Ethereum balance at any time by sending those tokens back to the smart contract. Cache smart contract and coins have multiple use cases. The Cache utility token is used to redeem your Ethereum deposit. Cache utility tokens add an extra layer of security to your Ethereum deposit. For instance, if you deposit Ethereum into the smart contract, you send your Cache coins that are minted and sent to you to another Ethereum address. If someone hacks your private key, they would need Cache coins to redeem your balance. The chances of someone figuring this out is very slim. Once they see your Ethereum address has a zero balance, they will likely move along.
For every 1 Ethereum deposited to the Cache smart contract, you will get 1000 Cache tokens. Once the market is established, you can sell your Cache coins on the market. You will still have your Ethereum safely stored in the Cache smart contract. There is 0% interest on your loans. All you pay is a 0.3% deposit and withdrawal fee. So if you deposit 1 Ethereum, you get 1000 tokens for only 0.6% of your balance. You can effectively pay back your loan by buying back the same amount of tokens. Let's say it was 1000 tokens for your 1 Ethereum deposit. Buy back 1000 tokens from the market and get your full Ethereum balance back. You can also do partial withdrawals by sending smaller amounts of Cache tokens back to the smart contract.All Cache coins sent back to the smart contract for withdrawals are burned. This essentially stabilizes the coin supply and offsets any inflation.
“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system. – Satoshi Nakamoto”