We aim to create a cryptocurrency with a stable purchasing power for the consumer market and savings. To do this, it is necessary to spread this currency among 200 million people, who will become the decisive majority of consumers, capable of trigger a further transition to the use of currency in the consumer market and the savings market on a global scale.
What is STANDARTA.IO?
Until now, ICOs have been conducted with the aim of obtaining money from investors, who in number is less than 0.1% of the world's population and these investors will not spend crypto tokens buying food in the store. Almost 99% of consumer market payments are made by those who do not have the opportunity to make risky investments in crypto assets. That is why ICO as a form of crypto currency distribution does not allow the crypto currency to penetrate the consumer and savings markets.
STANDARTA.IO will allow FREE mining of 11,000 tokens for each member of Free Mining Community who have successfully passed mandatory KYC procedure!
But how can a free cryptocurrency acquire value?
The circulation of fiat currencies in reality is driven by only two reasons:
The public consent on the use of a particular currency as a mean of payment. This is a reason of dollarization in weak economies.
The enforcement of law requiring to accept payments only in local currency. This is a reason why citizens in weak economies switch from US dollar or Euro to a local currency.
That's why before mining 11,000 tokens for free, each community member have to accept the terms of the "Community Agreement", that requires the member to:
Agree with the “pre-market’ evaluation of 1 token = 1 US dollar
Agree that the other members of the community have the right to impose sanctions against the "pre-market" evaluation offender.
Christine Lagarde, the IMF Managing Director, noted in one of her speeches that there is a turning point in dollarization. For example, in the Seychelles, after reaching the level of 20%, the dollarization jumped to 60% from 2006 to 2008. STANDARTA.IO sets itself the goal to reaching such a turning point, triggering the rapid adoption of cryptocurrency payments on consumer market in key jurisdictions.
However, even if the STANDARTA.IO tokens are donated to only 0.1% of the world's population, the “pre-market” cap of STANDARTA.IO tokens may exceed the total market capitalization of #Bitcoin and Ether, which will allow STANDARTA.IO tokens to bring the market closer to the widespread use of crypto-currency payments.
STANDARTA: stable cryptocurrency
Savings
People can collect and hold savings for decades and people have to be sure that the purchasing power of the savings is not declining over time, allowing them to buy in fifty years, at least the same amount of goods and services that money can buy today. More than 90% of the world population spend almost all money they earn on daily consumption and 8 forced to make savings in the event of loss of job, household emergencies or health issues etc. Even to buy a TV, a car or make another purchase is sometimes difficult without the use of savings. In such BRICS countries as the Russian Federation or Brazil, inflation can be high, and the rate of national currency can change overnight, as happened in December 2014 in Russia. This quickly devalues savings.
Working capital
Merchants and manufacturers use their working capital maintaining a certain volume of sales or inventory and a change in local currency exchange rate may cause a drop in trade or production. Besides the outstanding invoices for imported goods shipped to re-sellers at prices fixed in local currency may involve significant risk of loss if local currency drops in value against the foreign currency paid for the imported goods due to the inability to price correction. Exactly this happened in Russia, when the national currency depreciated by 50% at the end of 2014. In an attempt to protect the money from devaluation, the population rushed to buy goods, especially imports, as the listed price of goods in the retail network was still as ‘before’ and so two times lower than the value of goods in USD terms. This resulted in the loss of working capital for the importers who supplied goods to the retail network at a fixed price in Russian Rubles.
Stable purchasing power
The term “Price-Stable Cryptocurrency” usually refers to a cryptocurrency pegged to a certain valuable asset such as one US dollar or one ounce of gold, or one barrel of oil, or one standard volume of another valuable asset. However, all freely traded assets' prices are volatile and so their purchasing power is volatile by definition. The consumer price index specifically measures the fiat currencies volatility pegged to a consumer basket, showing how savings lose or gain their purchasing power over time.
Mining as compensation of a loss
Now for each fiat’ savings holder the Consumer Price Index reflects the purchasing power dilution based on the “efforts of others” as SEC defines. Provided that said purchasing power loss is caused by the financial and monetary policy designed by financial and monetary international and local authorities without any effort of the owner, the return of the lost purchasing power of savings to the owner seem fair and reasonable.
Free mining Community
The Free Mining Community (FMC) is an informal community of people, each of whom made a personal decision to use computers and software provided free of charge by the STANDARTA project for personal mining of the crypto currency. Thus, STANDARTA provides hardware and software to the members of the Community, and each member of the community takes personal decision on mining the tokens and takes all responsibility for this decision. FMC is not a legal entity, nor it is non-profit organization or any other form registered by any government agency, and financial resources for the development of the STANDARTA platform have been provided by individual members of the Community in private round of finance in exchange for the possibility of mining the tokens.
Pre-mining registration
For the first time ever, anyone can mine 10,000 of GCC tokens and 1000 STD tokens free of charge. Free mining of tokens is not limited in time, however it is limited by the number of tokens to be mined. Hurry up!
Before mining is started, it is necessary to know the exact number of tokens that need to be mined, so “pre-mining” registration of the miners will be done before the mining starts, and tokens will be mined upon completion of the registration.
The free mining for members of the Free Mining Community will be launched when the number of registered miners exceeds 1 million miners.
