UNIT - Fractal Monetary Ecosystem

= "fractal monetary framework, which allows global financial system to function without directly using any national currencies for international trade and reserves".

URL = https://wp.unitfoundation.org

=Description-

White Paper:

"The UNIT fractal monetary ecosystem introduces a practical approach to creating essentially “apolitical money” that can be freely used as a storage of value or currency for payments via any open payment and clearing system, while providing long-term purchasing power stability. The UNIT ecosystem is proposed as a solution to the basic lack of trust problem stemming from the politicization of the use of a single global currency and constraints on its use for valuation and settlement of trade and capital flows.

We introduce the fractal monetary framework, which allows global financial system to function without directly using any national currencies for international trade and reserves. The UNIT is designed to serve as a convenient and stable global currency alternative within the existing financial infrastructure. It is also expected to be more resilient than any national currency to political exigences of the day.

Fractal design ensures that the composition of each UNIT token’s basket of underlying assets (or “reserve basket”) is invariant across the nodes of the network as it scales. The intrinsic value of each UNIT token always remains proportional to the total value of the UNIT reserve basket measured in gold and is expected to remain less volatile than the value of any of the components of the basket.

The UNIT token is not a cryptocurrency since the intrinsic value of each UNIT token is linked to a basket of underlying assets, which includes 40% gold."