# The Precious Stablecoin

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

### [Read about it](https://fatexdao.gitbook.io/fatexdao/fatexdao-dapps-and-tokens/fxd-global-commodity-denomination) 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.\
\
[Find the DAO links you need to do so here.](https://linktr.ee/fatexdao)


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://fatexdao.gitbook.io/fatexdao/fatexdao-dapps-and-tokens/the-precious-stablecoin.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.