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.
Bitcoin is an amazing new form of money that has defied the odds to gain increasing importance as money in the world today. Despite its great features that help make Bitcoin an unstoppable investment it has a problem; the price swings prevent Bitcoin from gaining even more important as money.
Stable coins are a new type of cryptocurrency that is entirely digital but whose price is always $1 US.
Our stable coin, called StableUnit, is a new advanced type of stablecoin that will have features that also make it unstoppable and uncensorable. These features include a multi-layer stability mechanism which helps ensure that the price of the stablecoin is always the same as holding an equivalent amount of U.S. dollars.
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.
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:
Network in small
Evolution from being back by guntee liquidity to all 100%
“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 ”
Well-known white-hat hacker, won tens of cybersecurity competitions (i.e. ctf) both solo and in a team.
There are many use-cases for a stable price cryptocurrency: because it offers advantages over both Bitcoin and a strong fiat currency like the US dollar:
A low-volatility crypto-asset for traders
Credit and debt markets
Gateway between fiat money and crypto
In the same manner as any cryptocurrency it can be freely sent to others, used as payment for goods and services
International trading for countries which might prefer cryptocurrency for political reasons (Russia, Turkey, Jordan)
Means of savings for people in nations with weak institutions or unstable local currencies (Ukraine, Argentina, South Africa).
Prevents creation of taxable events for holders/traders (in certain jurisdictions)
Temporary currency for countries with extremely weak local currencies (Ecuador, Panama, Venezuela, Zimbabwe)
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.
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.