2021-11-22 08:54:41
T E M P L A R D A O After a successful launch, heres our vision and goals for the project.
What is TemplarDAO?
Dollar-pegged stablecoins have become an essential part of crypto due to their lack of volatility as compared to tokens such as Bitcoin (BTC) and Ether (ETH). Users are comfortable with transacting using stablecoins knowing that they hold the same amount of purchasing power today vs. tomorrow. But this is a fallacy. The dollar is controlled by the US government and the Federal Reserve. This means a depreciation of dollar also means a depreciation of these stablecoins.
TemplarDAO aims to solve this by creating a free-floating reserve currency, TEM, that is backed by a basket of assets. By focusing on supply growth rather than price appreciation, TemplarDAO hopes that TEM can function as a currency that is able to hold its purchasing power regardless of market volatility.
Our goal is to build a policy-controlled currency system, in which the behavior of the TEM token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimize for stability and consistency so that TEM can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation.
Without the use of fiat currencies, we intend to bring stability to the cryptocurrency economy through our protocol and granting everyone equal access by creating an inclusive platform for economic empowerment.
More information regarding our project can be found here
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