A New Global Currency Alternative: The UNIT Ecosystem
All basket components must be freely tradable for gold
A New Global Currency Alternative: The UNIT Ecosystem
The UNIT ecosystem introduces a decentralized monetary system based on a fractal network of nodes containing baskets of assets like gold and local currencies. This provides a new global currency alternative - the UNIT token - that aims to be resilient to political interference.
How it Works
The core element is a UNIT node, an online entity linked to a physical hub storing a basket of assets like gold (40%) and local currencies (up to 30% each). New nodes can be added by consensus, with each new node replicating a proportional share of the total basket to mint new UNIT tokens.
UNIT tokens represent a share of this underlying basket and can be used for payments, trade pricing, and potentially investments. Their value is measured in gold, enabling unconstrained economic transactions between parties.The ecosystem is designed to be self-sustaining through rules like:
All basket components must be freely tradable for gold
Nodes don't need to rebalance physical gold holdings
Basket rebalancing only adjusts the non-gold portion when adding new tokens
This structure provides key benefits like avoiding imbalances, enabling new nodes without sending gold abroad, and allowing independent monetary policies for participating countries.
Benefits and Incentives
The UNIT offers an "apolitical money" alternative to using other nations' currencies, providing:
It incentivizes exporters (by providing liquid currency), importers (by sterilizing trade currencies), and governments (via trade/reserve currency revenues).The primary purpose is increasing resilience of global trade and capital flows. Secondarily, it aims to provide long-term purchasing power stability as an alternative store of value.The UNIT ecosystem can integrate with existing infrastructure while addressing trust issues in the global financial system and protecting participants' sovereignty from external interference
UNIT tokens for global trade and capital transactions
The UNIT ecosystem offers several key benefits for using UNIT tokens in global trade and capital transactions:
Decentralization and inclusivity across many participants, avoiding reliance on any single nation's currency.
Transparency with clear, monitored rules and procedures enforced by a reputable international organization.
Security through focus on cyber and physical safeguards for assets and information.
Resilience to economic and political disruptions, as well as external attacks or interference.
Enables unconstrained economic transactions between parties, with value measured in gold rather than a national currency subject to manipulation.
Allows exporters to convert accumulated local currencies from bilateral trade into a liquid, transparently-priced global currency.
Allows importers to sterilize currencies used for imports to prevent disruptive re-entry into domestic money supply.
Provides an "apolitical money" alternative to using other nations' currencies for trade, investment and reserves.
Preserves sovereignty and enables independent monetary policies for participating countries.
Mitigates the "impossible trinity" trilemma by allowing capital controls while still enabling trade.
The primary purpose is increasing resilience of global trade and capital flows by avoiding external political interference. Secondarily, it aims to provide long-term purchasing power stability as an alternative store of value
end of that section
Silver pops over $30 on Crimex
but the big news is … wait for it
VAULT DRAIN IN CHINA
That's another 15% Vault Bleed in one month
on the most important physical Silver exchange.
At what vault level industrial parties start to panic on supply constraints?
Would it have to go to Zero?
Silver is on the Brink of Extinction
Silver and Gold Live Price in the West
About $3.50 higher per ounce in China (Silver)
Got Silver?
Got Gold?
Citations:
https://wp.unitfoundation.org
https://www.scripted.com/content-marketing/finance-industry
https://www.britannica.com/money/business-finance
https://www.northone.com/blog/financial-management/business-finance
https://exinfm.com/alldba0999.doc
https://www.freshbooks.com/hub/finance/business-finance
https://consensys.io/blockchain-use-cases/global-trade-and-commerce
https://www.linkedin.com/pulse/unlock-working-capital-how-tokenization-revolutionizes-pvlyc
https://www.bis.org/publ/othp38.pdf
https://chain.link/education/asset-tokenization