FRANC is an elastic stablecoin, issued by mambo.li, the first from the mambo stablecoin family, so called mStables. Elastic means the quantity of coins will be adapted to the demand. Coins can be minted, if demand drives the price above the pegged price, and coins can be taken out of circulation or burnt if the price sinks below the pegged price. The FRANC is not pegged on the Swiss Frank, CHF, as the token name could assume, but FRANC, Chocolate Stablecoin is pegged on the price of a well noun swiss chocolate, as it’s name indicates. It's pegged on a retail price index. It is exactly pegged on the price of 45,4545 gram of a 100g Toblerone taken from the price table of this retail web shop: https://www.coop.ch/en/toblerone/c/BRAND_toblerone. One piece of 100g Toblerone costs at the time the FRANC is deployed 2.20 CHF, June 2021. This makes 45,4545 g Toblerone exactly 1.- CHF. That means, in the beginning, it looks, like the FRANC will be pegged on the CHF. But it is not. Over time the price of one piece of 100g chocolate may go up or down (rather up) and so will the price of FRANC change over time in relation to the CHF