The Crypto Conversation

The Standard - The decentralized stablecoin protocol


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Joshua Scigala is founder of The Standard -  a decentralized stablecoin protocol that enables users to lock up crypto and or physical gold to generate multiple fiat pegged stablecoins. 

Why you should listen

 

Trillions of US Dollars worth of rare assets, like gold and cryptocurrencies, are locked away in vaulting facilities and digital wallets around the world. The Standard.io, a next generation monetary system, unlocks this vast stored value. It enables users to generate a stable virtual currency called “Standard Euro”. This is achieved by locking up tangible and intangible assets as collateral in decentralised smart contracts, called Smart Vaults. This allows people to spend their locked up funds without selling their assets.

The protocol is governed by a community of “Standard Token” holders which form a Decentralized Autonomous Organization (DAO). The Standard DAO will manage the protocol by making key decisions utilizing smart voting mechanisms and prediction markets.The innovative concept of stable virtual currencies backed by rare assets constitutes a new privatized and decentralized Gold Standard for the 21st century.

 

Supporting links

Masterworks

The Standard

Andy on Twitter 

Brave New Coin on Twitter

Brave New Coin

 

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