STANDARTA.IO Bounty
STANDARTA.IO
What are STANDARTA goals?
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.
ATTENTION: STANDARTA.IO offers no tokens to general public in exchange for fiat
money or other valuable assets!
Tokens will be mined FREE of charge for pre-registered Free Mining Community members
who know each other through a “hand-shake”: In the beginning the team members issue
invitations only to those they know personally and each invited after accepting the invitation
can in turn invite his/her friends to participate in the Free Mining Community and so on. No
cold calls, no advertisement, no spam. The referral way of joining to the community of free
cryptocurrency miners means that although mining is available for indefinite number of
people, all these people are "hand-shake" friends rather than a "general public" in the
meaning used for IPO or ICO offerings.
The sponsor and investor of the STANDARTA project is Dotpay SA - a Swiss company
limited by shares, registered in the canton of Nidwalden under the number
CH-150.3.003.817-5. Dotpay SA is also one of the miners in the STANDARTA Community.
Why is it important to fight the poverty?
The latest Oxfam survey reveals that 1% of the richest people received 82% of the wealth
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created in the world in 2017, with 50% of the world's poorest people receiving nothing. The
National Bureau of Economic Research comes to a conclusion that the emergence of one
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industrial robot destroys 5.6 jobs, which threatens in the near future the loss of jobs to a
large number of low-skilled workers and the impoverishment of these people.
So why is it so important to raise people's incomes and improve their health care?
The well-known billionaire and philanthropist Bill Gates convincingly proves that taking care
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of people's health leads to a decrease in the birth rate and, perhaps, this is the only way to
save the Earth from overpopulation. Another billionaire Nick Hanauer , who was an early
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investor in Amazon, explains how an increase in wages leads to universal prosperity, while
injustice in the distribution of wealth leads to the impoverishment of the nation and to the
collapse of a free society.
That is why the social concept of Universal Basic Income has been increasingly discussed
lately. For the above reasons, the founders of the STANDARTA.IO consider necessary the
fair distribution of wealth in the world and therefore offer the STANDARTA.IO tokens in a
form of the FTM - FREE TOKEN MINING rather than in a form of an ICO. Thanks to FTM,
anyone can mine his/her 11,000 tokens using STANDARTA.IO absolutely FREE!
Obtaining free STANDARTA.IO tokens is only possible by invitation. Ask friends to send you
an invitation, and then invite your friends and acquaintances! In addition to the free mining of
11,000 tokens, for every invitation accepted by your friends, you will allowed to mine another
550 free tokens. Help all your friends and acquaintances to participate in FTM, the more we
are, the stronger we become!
Payment system with stable currency
Total capitalization of crypto assets only in 2017 increased by 20 times, and according to
some estimates could reach $ 3 trillion by 2020. During a December 2017 only the price of
Bitcoin has doubled and then fell twice. The value of money must remain stable over time
and the rapid growth and fall of crypto assets’ value make them unsuitable as both - medium
of exchange for payments and store of value for savings.
At the same time, electronic cashless payments are in a period of strong growth, especially
mobile contactless payments such as ApplePay and other NFC payments. The acceptance
of cryptocurrency for consumer market payments would raise demand for it and trigger its
market capitalization growth. However, the cryptocurrency acceptance today is limited by: - High volatility makes the cryptocurrency difficult to use as medium of exchange in the
consumer market while so called “stable cryptocurrencies” are usually pegged to a
fiat money so having no advantage over the latter. - Lack of interest rate for “stable cryptocurrency” does not allow its use as a means of
value storage for savings. Morgan Stanley points out: "Can Bitcoin be valued like a
currency? No. There is no interest rate associated with Bitcoin"
5 - The slow speed of the transaction and the virtual absence of solutions for universal
processing of mobile and online payments significantly limits the use of
cryptocurrency in the consumer market: estimate <$300mn in daily purchase volume
vs. $17bn for Visa. - Reducing the number of global online retailers accepting payments in BitCoin:
After the formation in 2005, the Global Savings Glud led to a significant drop in interest
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rates on deposits. As a result of the global deformation, the savings and investment market
is experiencing acute need for new products. And the new ROM cryptocurrency should
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become such a product.