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1. Introduction​

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Give me a lever token long enough and a fulcrum blockchain on which to place it, and I shall move the world. Archimedes.

We are in times poor in ideas but rich in tools. The advent of programmable money brings the opoortunity to propose new economic models created by anonymous citizens without this supposing a problem or risk or the rest of society. In that way, a competency of economic models can be stablished to allow citizens choose which one suits them better.

In this essay, first we make a review on existing currency protocols, then we are presenting Unit of Account as new kind of currency protocol. We particularize this new protocol to capture value of commodities. We also describe the value chain of cryptocommodities and propose a launchpad and token management infrastructure to relieve issuer of the management burden and to guarantee transparency, decentralization and other principles for the adopter. Finally, we also explain the challenges to implement this new model and the benefits thats brings to society.

This whitepaper does not assume you master crypto. The goal is to convince those 80% that are not yet in crypto and explain why should matter to them. And, of course, get you as an investor.

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1. Introduction​

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The nature, behaviour and price of a cryptocurrency is determined by the interaction between a demand and a supply coordinated by a monetary policy. Depending on the policy we will have different types of tokens.

In this post we will examine the demand and leave supply and monetary policy for other posts.

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1. Introduction​

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The nature, behaviour and price of a cryptocurrency is determined by the interaction between a demand and a supply coordinated by a monetary policy. Depending on the policy we will have different types of tokens.

We will discuss the Supply and Supply Management in this post and leave demand and Monetary Policy for next posts.

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1. Introduction​

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The nature, behaviour and price of a cryptocurrency is determined by the interaction between a demand and a supply coordinated by a monetary policy. Depending on the policy we will have different types of tokens.

We will discuss the Monetary Policies in this post and leave demand and supply for next posts.

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1. Introduction​

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The nature, behaviour and price of a cryptocurrency is determined by the interaction between a demand and a supply coordinated by a monetary policy. Depending on the policy we will have different types of tokens.

We will discuss the Maturity Model in this post and leave demand and supply for next posts.

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1. Introduction​

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1. Introduction​

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1. Introduction​

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1. Introduction​

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Stablecoins peg their price to the price of an underlying asset. This underlying asset can be a commodity, a fiat currency, a financial product or another cryptocurrency. They can be collateralized by the same asset (stablecoins), by another asset or basket of assets (synths) or by an algorithm (algorithmic stablecoins).

2. Definitions​

The FSB’s 2020 report, “Regulation, Supervision and Oversight of ‘Global Stablecoin’ Arrangements” described three characteristics that distinguish a GSC from other crypto-assets and other stablecoins. Those characteristics include: (i) the existence of a stabilisation mechanism, (ii) the usability as a means of payment and/or store of value, and (iii) the potential reach and adoption across multiple jurisdictions. The first two characteristics (the existence of a stabilisation mechanism and usability as a means of payment and/or store of value), and the unique risks that these characteristics pose, distinguish stablecoins from other crypto-assets. The third, the potential reach and adoption across multiple jurisdictions, differentiates GSCs from other stablecoins.

3. Creating Stablecoins​

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4. Assets​

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4.1. Peg​

4.2. Collateral​

4.3. Existing Stablecoins​

Peg Type	Peg Asset	Collateral	Examples
Commodities Stablecoins	Gold	Gold	PAXG, GLD, MCAU, AABBG, NNN, AWG, PMGT, CTLX, XAUT, DGX, CACHE, RBZ GBDT RBZ ZiG
	Gold	PAXG	GODL
	Silver	Silver	SLVT
	Oil	Oil	CRUDE, PDX, PTR, FIX
	Gemstone	Gemstone	GEM
	Food	Food	BANANA , SOYA, CORA, WHEA, SOYB, CORB, XCORN, XSOY, XWHEAT, XRICE
Fiat Stablecoins	dollar	Real State	Real USD
		Dollar	TrueUSD, ZUSD
		Basket	USDT, USDC, BUSD, FRAX, MIM, Pax Dollar, USDJ, Gemini USD, USDP, Palau, FDUSD, PYUSD
		Basket Crypto	DAI, CUSD, USDD, USB, USDe, Raft, eUSD
		Endogenous Crypto	TerraUSD,
		Algorithm	Fei
	euro	euro	EURC, EUROe
	pound	pound	GBPT
	Singapur Dollar	Singapur Dollar	XSGD
	rupiah		IDRT, BIDR
	Brazil Real		BRZ
	UAE Dirham	UAE Dirham	DRAM
	MEX Peso	MEX Peso	MXNT, MXNC
Crypto Stablecoins	ETH	ETH	frxETH, iDOL,

5. Features​

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5.1. Decentralization​

6. Regulation​

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7. Market​

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7.1. Stablecoin Platforms​

reserve protocol

erc-3643

catallactic

conigurabl Requirements

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1. Introduction​

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Existing cryptocurrencies come mainly in 3 flavours:

• the weakest tokens are unbacked,

• utility tokens are they backed by some undetermined amount of value,

• and finally we have tokens which are artificially forced to capture a price (stablecoins, synths, security tokens).

Here we are introducing a new kind of cryptocurrency: an Unit of Account. An Unit of Account is the only cryptocurrency that can implement sound money.