MONEY?
Surely you are already familiar with this title. Yup, electronic money or digital money is indeed dominating the lives of all of us.
In its earliest form, trade is a system of exchanging one item or service for another (commonly called a barter). Paintings on ancient walls and manuscripts show that humans were involved in the trade in animal skins and meat in exchange for services and other goods.
Gradually, the idea of currency began to emerge. Primitive societies use shells or beads as money. In Mesopotamia and Egypt, gold bars are used as cash but must be measured every time a trade is made.
Progress in financial development, estimated to start around 700 to 500 BC. Coins made from gold and silver began to appear and were used as new currencies that could be counted. These coins soon became the standard for trading in around 500 BC.
This began to develop trade between countries, because this precious metal has a standard value throughout the world, which in turn empowers surplus countries to sell their goods to countries that need them.
Money plays an important role in the life and development of society and is included in the most ancient phenomena created by humans. The modern economy, both state and personal, is closely related. Therefore, science is very concerned about historical studies and concept features such as money.
Money is a special product used to express the value of other goods and services, is a carrier of purchasing power and is accepted as payment.
Money performs the following functions:
Tool for measuring prices and calculations
Means for exchange and circulation
Battery
Money arises from the need to estimate the value of goods and services when making their exchange. Before their invention, people traded, paid for goods too, which was not always convenient. There is a need for one thing that is equal for exchanges between salespeople, workers and employers. Gradually, they began to use gold and silver as money.
Precious metals best fit the requirements that are equivalent to costs because they have a high price per small unit of weight with minimal volume, are resistant to damage, are homogeneous, easily distributed without losing value. They made gold and silver bars, then started to mint coins, and then the small ones started using copper.
BLOBFLOW is decentralized money with the mission of replacing fiat currencies.
Blob:
Diverse with stablecoin top
Encouraged by smart contracts
Regulated by FLOW token holder
FLOW:
10 billion in total supply
Prizes for BLOB originating
Costs to redeem BLOB
DEMOCRATIC MONEY
BLOB is the most reliable stablecoin eliminating a single point of failure and decentralized with FLOW token holders.
Diversification
BLOB eliminates special special risks for each individual stablecoin by diversifying between a basket of stablecoin chosen by FLOW token holders.
Reliability
Basket diversification acts as a hedge against a single failure of a stable bank.
Automatic Balancing
Blobs always respect their pegs. Learn more about this approach in our White Paper.
Smart Contract
BLOB is fully automatically connected to smart contracts, promoting trust, reliability, transparency, and resistance to sensors.
Community Government
FLOW holders reach consensus on the composition of BLOB basket collateral.
Anti-Fiat
The first four BLOBs launched on the ExMarkets exchange are BLOBUSD, BLOBEURO, BLOBGOLD, and BLOBSILVER followed by almost 20 other BLOBs. We imagine the anti-fiat BLOB to dominate in the future.
ORIGINATION OF BLOBS FOR RECEIVING FLOW
Derived from BLOB stablecoins to receive prizes in the FLOW utility governance token!
Enter with Metamask
Just log in with your active Metamask account.
Allocate Approved Stablecoin
Our smart contract will recognize if you hold one of the pre-approved stable assets. You have the choice to allocate any amount.
Generate Blobs and get Prizes in FLOW
You will receive a stable and decentralized BLAB, as well as a prize in the FLOW utility governance token. The originator of the initial BLOB received significantly more FLOW CASH prizes than the end user.
ROADMAP
1Q1 2019
Research, Ideation, Initial Team Conversation, Technical Feasibility Study, Market-Fit Analysis.
2Q2 2019
Stablecoin Architecture, Governance Architecture, Demo Completed, Prototype Completed,
Testnet Direct Products.
3Q3 2019
Sales Token, IEO, Mainnet Launch.
4Q4 2019
Sales Token, IEO, Mainnet Launch.
TEAM
Ivan Zone: CEO
Daniel Yavorovych: CTO
Mina Liu: CMO
And Austin Higwit: Protocol Design
Harsh Agarwal: Community Management
Paul Ujah: Creator
Sylvester Anichebe: Vice President of International Marketing
Prem Sharma: Community Involvement
ADVISORY
Naviin Kapoor: Token Economics
Roman Cherednik: System Architect
For more information, click the link below:
Website: https://www.blobflow.com/
Whitepaper: https://www.blobflow.com/whitepaper
Telegram: https://t.me/blobflow
Facebook: https://www.facebook.com/blobflow
Twitter: https://twitter.com/blobflow
Author: fu2013
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2597568
ETH Address: 0x7Ea8aEB2b5eF7971814063aB547AD3f622746110
