$01 What Is It
Q1: In one sentence, what is 01?
01 is a token running on Ethereum. All tokens are minted and burned through a single mathematical curve. When you buy it, it gets minted; when you sell it, it gets burned. All the money you put in is locked in the reserve pool, where it automatically earns interest. No team, no presale, and no one can control it.
Q2: What does 01 have in common with Bitcoin?
All four core features match perfectly:
1. No one can change the rules -- after the contract is deployed, even the creator can’t modify parameters or pause it
2. A hard cap on total supply -- at most 21,000,000 coins, hard-coded into the code
3. The more you use, the less there is -- each transaction permanently burns 0.25%; supply only decreases, never increases; once the limit is reached, there is never any further minting
4. Code is law -- all rules are executed automatically by smart contracts, not dependent on anyone
On top of Bitcoin, 01 adds two more dimensions: USDS reserves backing each token, and privacy-preserving transfers based on zero-knowledge proofs.
Q3: How is 01 different from Meme coins?
Meme coins are empty behind the scenes—the price depends entirely on whether the next buyer is willing to pay a higher price.
Behind each 01 token, there is real money: all the USDS you buy is locked into Sky’s sUSDS interest-earning pool, and your sell refunds come from there as well. The price is guaranteed by a mathematical formula, with more than $1,000,000 in reserves to back it up.
Q4: What’s the relationship between 01 and stablecoins?
01’s own price is not fixed. It rises about 20x from around
0.303 (the curve endpoint), increasing throughout the middle.
But in 01’s ecosystem there is a privacy stablecoin called USD0 (in the design stage, not yet live). USD0 is 1:1 pegged to the US dollar. You deposit USDS to mint it, and you can redeem it by taking it out and getting USDS back. The underlying USDS is stored as sUSDS to earn interest, and the interest automatically increases the redemption value of USD0.
Q5: What does the site say, “01 is an experiment,” mean?
Original text on the website: “01 is an experiment. ERC-20 on Ethereum. No presale, no team allocation,
no owner.”
This is a fact, not modesty. The moment the contract was deployed, the creators handed over all control. No governance votes, no emergency pause button, and no upgrade path. The community’s promotion, Chinese mirror sites, and analytical articles are all purely voluntary actions.
#V4 #hook $ETH