Cryptocurrencies are too volatile for mainstream adoption. Loans, salaries, goods sold and other basic financial contracts are poorly served by volatile currencies. Furthermore stable currencies aren't available in much of the world. In many developing countries a devaluation of 15% per year or more can happen.
FXTokens stable coins are designed to maintain a stable value versus various fiat currencies such as the USD, EUR, CHF, GBP, JPY etc. while ensuring liquidity to the system.
What We've Achieved
Established the FXToken (Proof of Asset) protocol
Coding and testing of the Smart Contracts
embedded Smart Compliance logic
FxToken (FXTO) will act as the ‘fuel’ or ‘gas’ of the network
Legal and regulatory setup
Pay out - pay in logic
Legal structure of the Guarantor.
Payment API and Remittance of digital currencies tethered to government bonds nominated in traditional currencies