Unique Advantages
Overview
Why FATExDAO is different:
Many "protocols" - say: "lending/borrowing," "dex stable-coin," "synthetic asset creator," "future exchange for everything" etc. - FATExDAO has a very different plan - features like "borrowing" are implied with a "full-scale digital bank."
The DAO is NOT TAKING TradeFi to DeFI : we are taking DeFi /DLT to Traditional Finance and its users. We do not view ourselves as part of a specific blockchain eco-system, rather a part of the DeFi/DLT/tokenization "sector" and the digital transformation revolution underway. Which is still in its infancy, but is growing rapidly.
What isn't being done in the yield-farm/dex space of DeFi/Crypto FATExDAO is:
The DAO builds & increase member capital by inventing & investing - creating wealth through innovation in the areas of:
FIN-TECH/SMART-TECH PRODUCTS & SERVICES THAT MAXIMIZE THE POTENTIAL OF DLT:
Borderless
Focus on the largest user countries, companies, sectors.
Frictionless
Cooperation
Seek relationships with TradeFi - be "game-changing" by helping those entities transition.
Be the best, fastest, and provide the lowest cost options, or don't do it.
Hardware/software/smartphones - corporate/market exchange services - integrations
Easy for everyone (low-no tech.) & business type
User one-click & user choice UI.
Seek to find/build blockchain no-bridge/easy bridge.
Remove the need for access to traditional banking.
User Custodial - Multi-level security features - cheap insurance options - replacing government need for CB.
FATExDAO AVOIDS:
Adding vocabulary just to "stick-out" confuses new users & is a barrier for new adoption.
Renaming things that are already normalized into common use.
"Re-engineering" what already works, take pieces that: work for different things, in different ways and/or try to accomplish the same thing the DAO is but has failed to do so (or the DAO wouldn't want/need to do it better). We realize the paper has many "catch-phrases" - and that may be true - IF we didn't have the exact way to go about accomplishing this.
What makes the "cliche" statements in the image below true...?
We are the 1st DAO/DeFi project to:
Mention & indicate a plan to create a non-political, digital asset, central-peg, "reserve-currency" (we call it a denomination backed by real assets) - Bretton-Woods gold standard.
Be founded by individuals with the only background in the DeFi sector, thus far, to have non-software engineering experience in appropriate fields (finance/public service/international political economics).
Align ESG/CSR practice with for-profit inventions that are truly unique.
These components are so specific and unique, perhaps obvious when revealed, that there are literally <5 ways of using a token/dlt platform that denominates all fiat FX seamlessly, with near-zero friction (arbitrage cost) without using existing methods, or another digital asset, to attempt to do so.
What we are building is new and realistic: FxD
We are building a non-fiat or crypto-algo-stablecoin mirror that is "black swan" proof, pro-regulatory compliant and integrates into existing financial systems in a cooperative, not competitive manner.
This makes the design of FxD (formally called FGCD)- overview can be found here, extremely proprietary, and very lucrative.
FxD is just the first product to get the DAO into a positive monetization model and will be used to ultimately achieve the (seemingly) lofty goals we aim to achieve.
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