📣DeFi Rally Cry

LINK MARINES - DeFi needs a military.

FATE needs the DeFi community to rally around the cause as they have with other projects that are significantly lacking ingenuity or readiness.

We want to do this with as many partners/members as possible.

The world can remove the inefficiencies, and ineffectiveness of the +1000-year-old, debtors economy that leverages real assets with paper-based, centralized, instruments, that skew rewarding merit for the benefit of autocratic bureaucracies that do not consider global, multi-generational sustainability.

Thus far, there has yet to be a similar project/solution that has built anything new, beyond “digitizing” existing or historical processes with a DLT/digital asset (basket) token model mirror. The winning difference is that it is the best solution for the FOREX multi-peg, fiat value arbitrage market that produces additional fees for exchanging currencies.

It is also not based on a basket of commodities or swaths of assets to mirror or combined larger markets representing a living standard, like the national currencies of Australia, Canada or New Zealand, nor is it based on gold, which has slightly different prices, like currencies, depending on what market gold is being bought or sold.

The use of a cryptocurrency like BTC or ETH (or PAXG) would seem to be suitable, but like paper money, the value is determined by too many variables and is more prone, lacking controls (national security) to inflation or devaluation depending on market psychology/dynamics.

Gold, or even water, holds the best argument for a "reserve" – such a concept is absolutely necessary as the supply is measurable and the price is relatively stable. This concept has been briefly addressed and further analysis of this will occur outside of the DAO documents. The advantages of what FxD will produce (generally) are outlined below and please remember details are intentionally left out... Further, like the development of any innovative technology, it is not immediate and requires capital for resources and time. However, given how untraditional (yet obvious) the solution we are producing is - the competitive advantage we hold will likely remain beyond the roadmap milestones we have established.