World Trade Francs: Ethereum’s Official StableCoin From Vitalik?
For quite a while now, there has been a consensus in the crypto community that digital coins need to reach the masses. For this to happen, there needs to be a stable crypto coin that can be used for commerce without the worry of their earning dropping by over 50% overnight. To achieve this, there have been attempts to create stable coins. However, these stable coins have their flaws.
For instance, Nubits has had a price collapse once, Tether cannot be audited, and Seignorage Shares is still just a whitepaper after three years. Because of this, the developers of this stable coin decided that they would launch a new stablecoin. They intend to use this launch as an opportunity to make yet another ICO.
The World Trade Francs
World Trade Francs is a stablecoin based on the next generation blockchain. This coin has the aim of creating a free trade ecosystem that utilizes the hypercube tangle technology and the blockchain 4.0. This protocol will let anyone buy, sell or hold the stable tokens. The WTF protocol has already empowered creators and led to the formation of a free trade ecosystem. The app based on the WTF protocol has partnered with Uplive, Obike, Peiwo, and many others. With over 4 million users, the WTF protocol is the DApp with the most users in the world today.
What Is Possible?
With World Trade Francs, escaping political oppression will be quite easy. It will eventually lead to a true global free trade ecosystem and real self-sovereignty. Besides that, it will spawn the World Decentral Bank, which will make it possible to implement the Perfect Monetary Policy. With this policy, the world will achieve harmony without any central points of control.
Decentralization makes it possible to combine the benefits of socialism and capitalism without the downsides. This could lead to the creation of a revolutionary economic model for the 21st century.In this model; users can hold and trader the stablecoin, WTF, and FTW.
World Trade Francs Progress
Thus far, the developers have already begun to hold talks with island nations in the Pacific. The area of discussion has been the integrated use of World Trade Francs as the reserve currency in international agreements. They have hope that this coin could soon become the first digital coin to be endorsed for use in international treaties.
The World Decentral Bank will come with a basic income mechanism where member nations will be able to apply to join and get a share of the WTF issuance. The only condition will be that they distribute it to their fellow citizens.
To qualify as a nation, one will only need to get approval from 100 thousand libertarians on the internet. Thus far, they have managed to get Texas, Sealand, Catalonia, Harambe, National McNationFace, and six provinces of China and India are amongst the initial group of 1576 member nations. The major goal of the developers of this stable coin is creating a decentralized economy where anybody can buy and sell tokens without the need for a centralized service.