Syscoin offers a decentralized price pegging feature. Price pegging allows merchants to sell their items in values expressed in other currencies – such as USD, CAD, EUR, and many other cryptocurrencies – and then receive the appropriate quantity of Syscoin at time of purchase to equal the desired amount of the peg currency.


For example: If an item was being sold for $1 USD and the price peg that offer was using had a conversion rate of 10SYS/1USD the merchant would receive 10SYS when the item is purchased.


Price pegs on Syscoin can be created by anyone. The Syscoin team maintains an official price peg that supports several currencies and is the default peg used for all offers. The peg uses the alias ‘SYS_RATES’ and is updated anytime the market moved 5%+/- current market values. The current peg value and history can be viewed at http://peg.syscoin.org