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Inflation is a huge issue around the world, with US inflation at around 5%, and many other countries seeing their currencies quickly weaken on the international currency market.
For many ordinary people it means their fiat savings are losing their value over time. It is no surprise that savers are flocking to hard assets like gold bullion, with around $10.4 trillion worth of gold currently sitting in vaulting facilities around the world storing value and gathering dust.
TheStandard.io solves both issues.
First, it makes inflation beneficial for savers, as loans effectively become cheaper to pay back.
Second, it issues liquidity to asset holders without selling the assets.
Users of participating vaulting facilities simply lock up their digital and physical assets in a smart contract which acts as collateral against loans that users can generate without any intermediaries.
The Standard Co-Founder and former CEO of Vaultoro Joshua Scigala said,
“We don’t need to wait for governments to create a gold standard, we are building a protocol that lets you create your own – a private Gold Standard 2.0. We are confident that TheStandard.io can fundamentally change how people save and use their assets and money.”
His Co-Founder Laurin Bylica added, “TheStandard.io is more than a lending platform. It will create a new and fairer alternative to retail banking, ultimately enabling anyone to save in rare assets and spend in fiat without selling their savings. Retail banking will have a new competitor, we call it decentralized asset-backed banking.
We don’t have any open positions right now.