> For the complete documentation index, see [llms.txt](https://fatexdao.gitbook.io/fatexdao/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://fatexdao.gitbook.io/fatexdao/fatexdao-dapps-and-tokens/the-precious-stablecoin.md).

# The Precious Stablecoin

### **Our goal is the FxD Platform/Stablecoin.** 

### [Read about it](/fatexdao/fatexdao-dapps-and-tokens/fxd-global-commodity-denomination.md) or [watch a 60 sec. video overview](https://youtu.be/D6dD9gwcQM0).

#### The FxD platform/token is a combination of several products/services.   To build it, we believe it is best to split-up up its parts, deploying them as we grow.  When done each, they will fuse as one, like Transformers, forming the ultimate "Crypto-Megatron."

### DAI Fork Multi-Asset Collateral Pools of Precious Metals 

* **This is being built now and will deploy asap.**
* **The first collateral will be PAXG - the coin will be redeemable and 100% collateralized  by PAXG (like DAI)**
* **We will seek to add more tokenized, precious metals (and gems)** 
* **The FATE governance token will have the same function as MakerDAO's does in DAI.**
* **We will add more features and ideally start using this for members' rewards asap.**

### 1 BIG DIFFERENCE:

#### Better than other currency backed/based stablecoins: 

### **This will not be pegged to any fiat (i.e. USDC) so it can act as an inflation hedge and be truly stable.** 

Please join our community social channels/media & become a DAO member.\
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[Find the DAO links you need to do so here.](https://linktr.ee/fatexdao)