Reducing volatility for a linear and stable growth in a cryptocurrency : Encourage spending, while providing a stable store of value over time in a decentralized network

Sammanfattning: The Internet provided humans a new way to exchange information digitally and has changed how we communicate. Blockchain and cryptocurrencies have given humans a new way to exchange value over the internet. With new technology, new possibilities arise, but not always without issues. One problem that has risen with cryptocurrencies is their high volatility, meaning that the currency has big price swings. It has made these currencies objects for speculation and investment almost exclusively, and therefore they have lost their functionality as a currency. For a currency to be viewed as a good means of payment, it cannot be associated with high volatility. This is not only restricted to cryptocurrencies, as for example the Venezuelan Bolivar is a fiat currency with historically high volatility and has been losing its purchasing power due to hyperinflation in the recent years. In regard to this we propose a new cryptocurrency; the Dynamic Network Token, which aims to reduce the volatility in a cryptocurrency by regulating the supply dynamically with burning and minting. The implementation of this functionality will strive to remove the high volatility in the token for the benefits of a more stable and linear growth, and at the same time encourage users to transact with the Dynamic Network Token between each other.