Kowala is a stablecoin protocol that was created to use technology to maintain the price of the token artificially. The idea is that the Kowala protocol will mint or burn the token supply in accord with the user demand to keep the prices always stable. Now, this company has finally released the Alpha version of its mainnet, which will be called Andromeda.
While Andromeda is the mainnet, Kowala will also release soon the beta version of Boötes. With the launch of Boötes, the company will finally start its kUSD stablecoin mining and will begin to trade kUSD on crypto exchanges.