Ready to De-risk your stablecoins?
“There is extreme cause for concern to the holders of Tether that they could lose access to funds overnight (if assets are seized by regulators).”
Edan Yago, Founder, Cement DAO
Do you use these stablecoins:
Fiat collateralised stablecoins
The value of these and other fiat collateralised stablecoins exposes coin holders to counter party risks such as:
- Assets seizure by regulators
- Fraud or failure of the stablecoin issuer, their agents or their banks.
Stablecoins with fiat collateral are also exposed the systemic risk of another 2008 Financial Crisis. If any of these events occur the value of the stablecoins you hold could fall to zero.
These risks are exactly what Satoshi Nakamoto wished to avoid when he invented Bitcoin!
Saver Token Is Different
- Saver Token is built like Bitcoin and gives you the functions of a stablecoin without counter party and systemic risk.
- The 5 – 10 minutes of extra time it takes to park your assets in Saver Tokens on the Waves DEX also reduces the risk of funds being hacked.
Time to switch to stable money?
Saver Target Price for July 2019 Updated monthly
One Hundred Savers = US CPI-U of 256.161
We sell at Target Price + 2 cents
We buy at Target Price minus 2 cents
In Ourselves We Trust
Saver Token represents a return to the basic principles of good money, not just in keeping a stable value but in the way it operates.
- Like Bitcoin and the US dollar token holders give Saver Token its value. Learn more.
- In the same way people kept the value of gold stable for thousands of years token holders keep the value of Saver Token pegged to the Consumer Price Index.
The result is:
- The value of Saver Tokens is not dependent upon any external authority, including us the issuer.
- Saver Token can track the CPI even in periods of high inflation.
- Tokens and their value reside solely on the decentralised blockchain keeping them secure and away from external interference.
- People with the most vested interest in Saver Token, token holders themselves, are the ones responsible for maintaining its value.
Compare this with a digital currency like Tether where the value of the coin depends upon redemptions into US dollars. Redemptions require the effective functioning of both the Tether company and its bankers. If Tether’s dollar assets become unavailable because of fraud, bank failure or seizure by regulators, the value of Tether’s coins could fall to zero.
Only buy Saver Tokens if you are willing to trade them at the Target Price of the CPI-U. It is your responsibility.
We maintain a reserve to make it easy for your to sell your Savers when the time comes.
How can I purchase Savers?
Branton Kenton-Dau - Founder
Even if you are a seasoned financial expert I encourage you to learn more about the extraordinary human creation called money. Only people, not banks or governments can give money its value. This understanding, exemplified by Bitcoin is empowering. Saver Token is no different. You the token holder, not us as the issuer give the money its value.
People can also create stable money. They gave gold its stability for thousands of years simply because they needed a stable means of exchange. In the same way token holders are expected to keep the value of Saver Token pegged to the Consumer Price Index (CPI-U). In my opinion stable money created in this way is, well, more stable and has fewer risks than collateralised methods.
The blockchain gives us a tool to do more with money than ever before. I believe this new money will be a conscious act of creation by people who understand where its value comes from.
Dr. Nathan Berg
Nathan Berg is Associate Professor of economics at University of Otago and Conjoint Professor at University of Newcastle. Berg publishes in the fields of behavioral economics, financial economics, psychology and economics, and public policy, appearing in Journal of Economic Behavior and Organization, Psychological Review, Social Choice and Welfare and Contemporary Economic Policy. Berg was a Fulbright Scholar in 2003 and Visiting Research Scientist at the Max Planck Institute-Berlin in the 2000s. He was a Visiting Foreign Scholar at University of Osaka in 2008 and 2009, and University of Tokyo in 2016 and 2018. His research has been cited in Financial Times, Business Week, Canada’s National Post, The Village Voice, The Advocate, Science News, Slate and the Atlantic Monthly. He was awarded a Ph.D. (with honors) in economics and MA (with honors) in mathematics from University of Kansas in 2001.
Dr. Nathan Berg
Dr. Stephen Wingreen
Stephen Wingreen is Associate Professor at the University of Canterbury Business School. Dr. Wingreen pursues scholarly interests in the fields of emerging technologies, technology and culture, blockchain and cryptocurrencies, information privacy and ethics, information system resilience, information technology professionals, applications of Q-methodology and Concourse Theory in the decision sciences, and occasional topics on electronic commerce trust, and enterprise systems. His research has appeared in Information Systems Journal, Human Resource Management, Journal of Information Technology, Journal of Business Ethics, Journal of Organizational Computing and Electronic Commerce, Electronic Commerce Research, and Electronic Markets, to name a few.