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StableUnit — stable currency

Decentralized low-volatility cryptocurrency

What is StableUnit

Bitcoin, despite all of its advantages, is an inconvenient form of money because of its volatility. StableUnit is a decentralized cryptocurrency that is stable. 1SU=1USD. Always. How? StableUnit has automatic mechanisms that stabilize the price no matter what is happening in the markets. Like an open-source bank controlled by every user via voting and with no central authority.

Compared to projects like Tether, our system is fully decentralized which guarantees that no-one can freeze your account or block a transaction. Ever.

Unlike overcollateralized systems like Makerdao’s DAI, StableUnit offers unlimited scalability, which is essential for mass adoption on an international scale.

Multi-layer stabilization mechanism provides better protection in events of market instability compared to “Seigniorage share” stablecoins, like Basis and others.

Stablecoin.

Decentralized dollar.

Stable-priced bitcoin.

What is stable units? People might mistakenly call it stablecoins, however that is not correct, because the word coin implies that it is made from finite supply metal therefore it is inherently unstable. Big network and small network have very different properties. There’s a law which says that the value of the network is proportional for square of the numbers of user who use it. We use the assumption that with increasing number of users, a p2p payment network start having native value because some people will receive or sending it as a payments therefore believe that it worth something. (Precisely same reason why dogecoin has bigger than zero price - people, even out of the pure fun send it to each other for something therefore value it at not totally zero cost therefore the hole network have some value). On another hand, a small network doesn’t have that value so it’s essentially that user have a reason that it worth something. One of this reason might be strong believe that it might receive bigger adaptation in the future and coupled with finite supply it the price will only grow. Another reason that this tokens might have some utility - can be exchange on goods of services. And might be the reason that it can be exchange on other already popular cryptocurrency which has a some price. Based on the arguments mentioned above - we can create hybrid:

  • when the network in small - put some sum on cryptocurrency into collateral, sufficient to exchange all units in the circulation. Users can be ensure that they are able to exchange all their units to the crypto from reserve by the market price in several conditions are true:
  • It’s not too many units in the circulation so collateral is large enough to cover that
  • The price of the crypto in the collateral is not too law, so these in enough money to cover units
  • Users are able to do that: that system is not hackers, closed by regulations, this fund are not under control of single entity who have a way to take this money (hi Tether)

…MACJ:

Network in small

Evolution from being back by guntee liquidity to all 100%

Bitcoin introduced a purely peer-to-peer version of electronic cash which allows online payments to be sent from one party to another without going through a financial institution. Despite all of its advantages, predefined finite monetary supply inevitably leads to price volatility which makes Bitcoin suboptimal as a medium of exchange, store of value or unit of account. We propose a solution to the price stabilization problem using a decentralized currency unit which evolves from being collateral-backed to being regulated by an autonomous monetary policy as the network receives wider adoption.

The system defines a soft peg to any measurable unit of value with low-volatility purchase power, such as the US dollar of 2018, basket of currencies or CPI, which it maintains using a collateralized stabilization fund and if necessary expands and contracts available money supply via the issuing of bonds, share dilution and temporary parking of funds. Ownership of the network is distributed to shareholders who form a decentralized autonomous organization capable of changing some parameters of the system through a voting consensus mechanism. This creates a new type of crypto-asset which combines the advantages of Bitcoin with the predictable purchase power of the US dollar.

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Our 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.

Formula for revolution

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:

Roadmap

  • done
    Q2 2018
    Create Monte-Carlo and agent based simulation
  • in progress
    Q3 2018
    Implement ERC20 token on a test net
  • soon
    Q1 2019
    Launch on a main net with limited circulation
  • soon
    Q3 2019
    Develop a stand-alone protocol with bridge mechanism for existing blockchains
  • soon
    Q4 2019
    Add private transactions functionality (via ring signatures or better alternatives)

Our team

Alex Lebed

Alex Lebed

Founder and CEO

Founder of Malerex AI Widgets and 2 other businesses.

“Like a star ends it’s existence in the giant explosion which form a heavy atoms necessary for life - my previous companies failed but gave a crucial experience necessary to succeed in the StableUnit mission.”

Lebed2045

Lebed2045

Developer

ex-software engineer at Amazon, Facebook, Genotek.

“When your hammer is C++, everything begins to look like a thumb.”

Alexandrovich

Alexandrovich

Lead researcher

Math degree. Winner of numerous CS/AI competitions

“54 68 65 72 65 20 61 72 65 20 31 30 20 74 79 70 65 73 20 6f 66 20 70 65 6f 70 6c 65 20 69 6e 20 74 68 65 20 77 6f 72 6c 64 3a 20 74 68 6f 73 65 20 77 68 6f 20 75 6e 64 65 72 73 74 61 6e 64 20 68 65 78 61 64 65 63 69 6d 61 6c 2c 20 61 6e 64 20 46 20 74 68 65 20 72 65 73 74 2e ”

Our contributors

Timur Sultanov

Investment Analyst

Bank of America Merrill Lynch

VTB Capital

McKinsey

Goldman Sachs

Emil Learner

Security

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

James Key

Blockchain Dev Blockchain engineer and security researcher at Blockchain Intelligence Group Quantum computing researcher

Darshan Honale

Community builder Senior PM @ GSG Telco PM @ HCL Technologies Business Analyst @ UBS Investment Bank

David Genest

Analyst & Financial Modeler

Imperial Oil / ExxonMobil

Alexander Bareyko

Website, simulation

Senior Frontend Developer

Igor Barbashin

Agent-based simulation (view)

Senior Frontend Developer

Jacob Steeves

Monte-Carlo Simulation

Google

Mark Sergienko

FullStack

18 years dev experience

Founder of MethodExists

Use Cases

There are many use-cases for price-stable cryptocurrencies because price-stable cryptocurrencies offer 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.

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.

Cryptocurrency can be transferred and used as payments for goods and services in many cases instantly. As price-stable cryptocurrencies gain adoption, they too will be widely circulated as an instant and reliable method of payment with wide acceptance.

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 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.

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.

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 I C O

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

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 DAICO 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.