Opportunity Statement and Vision
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The global economic system has changed tremendously over the past hundred years. Paper currency gradually replaced gold, and from 1971 it was the US dollar which was used to replace gold. The US used the fact that gold is present in a limited amount in the world, and paper money is more accessible to carry and to transfer. The issue with these fiat currencies is that they are centralized and regulated by governments. The value of these currencies is based only on the faith of the people upon the promise of their governments. There is no commodity of intrinsic value at the back of these fiat currencies, not now at least. The arrival of internet banking has reduced the usage of paper money, and now digital currency is used instead of paper which means now states do not even need to print money. Economists, especially from the Austrian school of thought, consider fiat money a socially and economically destructive scheme. There is a need to present an innovative monetary system which is backed by a scalable commodity with intrinsic value. META 1 Coin Trust has the vision to offer a more stable, democratic, decentralized and scalable solution. META 1 Coin Trust is presenting assets as the commodity to back the money in the form of META 1, a Smart, Witnessed and Collateralized coin.
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