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StableUnit

Decentralized privacy stablecoin

Mission

Money should be decentralized, private, and available for everyone.

All of humanity, not just a small minority, should share the benefits and ownership of the financial system.

Personal secure possession of value in the form of money should be a universal and inalienable human right.

What problem do we solve

  • Most of people don’t have access to a reliable national currency. There’s demand for medium with stability of the US dollar and the decentralization of Bitcoin.

  • Bitcoin can’t be used as cash for everyday life because of its volatility. StableUnit solves this problem.

  • Current proposals and implementation of stablecoins don’t offer censorship-resistance. There’s a need of censorship resistance p2p e-cash.

– and more

Formula for revolution

inspired by
Elon Musk's Formula
Money will be decentralized and available for everyone. Personal secure possession of value in the form of money will be a universal and inalienable human right. Our Vision The match that ignites the mass adoption Reliable e-cash for everyone with numerous application such as international tradin, payments for e-commerce, assests for traders, etc. Industry Innovation US dollar has decentralized alternative. Next billion people are on the blockchain Goal: Funds this Switching to the stand -alone blockchain, masking SU a core unit of the System. StableUnit Innovation Easy to use, scalable, decentralized cryptocurrency with stable purchase power. StableUnit blockchain: Low-volatility ERC20 token based on Existing Ethereum blockchain. StableUnit MVP: D A I C O US $ dollar is the most popular type of money. Bitcoin is decentralized digital gold. Starting point

Team

Alex Lebed

Founder and CEO

Former software engineer at Amazon, Facebook, Genotek.

Math degree.

Winner of numerous CS/AI competitions.

Founder of Malerex AI.

Blockchain Researcher @ www.reliable.cash, featured on CCN, CoinTelegraph, Bitcoin.com, and 150+ others.

James Key

Blockchain Engineer and Researcher

Ex Quantum computing researcher @ UBC

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Alexander Bareyko

Developer

Front-end developer @ 0+x, Yandex,

Hi, everybody. My name is Sasha and I’m a front-end guy. Currently living in Stockholm, Sweden. I’m developing consumer face webapps, website and more. I’m very proud and happy be part of you and great stableunit future!

Advisors

Emil Learner

Security

Well-known white-hat hacker, won tens of cybersecurity competitions (i.e. ctf) both solo and in a team.

Contributors

Jacob Steeves

Monte-Carlo Simulation

Machine Learning engineer

@ Google

@ Knowm (DARPA SyNAPSE)

Igor Barbashin

Agent-based simulation (view)

12 years Frontend Developement
@ CryptoKitties

David Genest

Analyst & Financial Modeler

Imperial Oil / ExxonMobil

Genex Capital

Use Cases

Decentrazlied stablecoin offers advantages over both Bitcoin and strong fiat currencies like the US dollar:

During periods of high volatility, traders may seek refuge in low-volatility assets like US dollars. However, in addition to potential tax implications, trading crypto to US dollars may create delays and additional complexity due to bank withdrawals. Trading back and forth in a low-volatility cryptocurrency may help avoid these issues and allow traders to work more efficiently.

Cryptocurrency can be transferred and used as payments for goods and services almost instantly. As price-stable cryptocurrencies gain adoption, they will be widely circulated as an instant and reliable method of payment with wide acceptance. This reliability and convenience can lead to the mass adoption on the much higher scale than bitcoin and other volatile cryptocurrencies.

Price-stable cryptocurrencies act as a gateway between fiat money and cryptocurrencies. For example, an investor who may want to try using cryptocurrency may not want to buy Bitcoin due to its notoriously volatile nature and instead may make a purchase of a price-stable cryptocurrency. Similarly, veteran traders may park funds in price-stable cryptocurrencies ready for trading opportunities allowing them much quicker access to deploy funds into other assets like Bitcoin rather than having to wait for the banking system and exchanges to clear these funds.

In the long-run credit and debt markets may use price-stable cryptocurrencies as collateral for securing debts. This is because they may prefer these assets over other more volatile cryptocurrencies like Bitcoin. Similarly, exchanges can use holdings of price-stable cryptocurrencies for calculating collateral for trading margin.

International trading for countries which might prefer cryptocurrency for political reasons (i.e. Russia, Turkey, Jordan). In some jurisdictions, holding foreign currencies may be subject to additional taxes, capital controls or may be illegal. In addition, foreign currencies may be scarce due to these restrictions and black-market demand. For these reasons, some investors may choose to diversify their holdings into a price-stable cryptocurrency that may mimic the price of these foreign holdings without necessarily taking on the risks associated with them.

(Ukraine, Argentina, South Africa). In some jurisdictions, holding money in the banking system with questionable property rights or other political uncertainty may be risky. Similarly, the systems of international money transfer may not always be operational in these jurisdictions. Holding physical foreign currency may also prove problematic if capital controls are instituted. For these reasons, it may be much less risky for people to hold an instrument like a price-stable cryptocurrency.

In some jurisdictions, trading crypto to crypto is not taxable. However, trading crypto back to currency is a taxable event. This means that traders seeking a temporary respite from volatility may find it more efficient to move funds to a price-stable cryptocurrency than to move these funds back to USD.

Temporary currency for countries with extremely weak local currencies (i.e. Ecuador, Panama, Venezuela, Zimbabwe). Inflation rates in some countries can be extremely high. This provides stable cryptocurrencies with an important use-case especially when US dollars or similar stable currency may not be immediately available due to other restrictions and/or if these currencies are trading at a premium due to trade embargoes, local regulations or scarcity.

StableUnits are a fusion of fiat money and cryptocurrency with a unique set of properties. For this reason, we cannot foresee all the potential use-cases.

D A O

Decentralized Autonomous Organisation (DAO) which gets funded using an Initial Token Distribution.

Unlike ICOs, DAICO funds are released to the foundation in a manner that is tied to the completion of goals and investors are able to claim remainder of funds back if they are not satisfied with team’s performance.

Stable Unit’s DAO Fundraising:

  • Stable Unit team does not receive all of the money immediately
  • Funds are locked in the special smart-contract and unlocked by each milestone
  • Every 6 months, the DAO_shareholders are able to vote to lock scheduled fund releases for an additional 3 months if the team has not met their promised goals
  • After 2 such locks each investor is able to exchange shares for the remainder of their funds

This investment mechanism creates a strong motivation for the team to perform well and reduces the risk of losing funds for investors after the DAICO.

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