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Whitepaper
CryptoFed's Whitepaper consists of 5 chapters displayed below. This serves as a guide to navigate the site in a systematic way and gain a holistic view of CryptoFed's structure.
Contents
Chapter 1: Economic Axioms
Chapter 2: Mechanism Design
Chapter 3: Regulatory Compliance
Chapter 4: Answers to Fundamental Questions
Chapter 5: CryptoFed's Constitution
Chapter 1: Economic Axioms
Axiom 1
•
Inflation is Not an Option
Axiom 2
•
Deflation is Not an Option
Axiom 3
•
A Currency Must be Stable
Axiom 4
•
Money was Invented to Reduce Transaction Costs
Axiom 5
•
Transaction Costs are Governance Issues
Axiom 6
•
A DAO Governance Can Be an Alternative to Political Agents (Government Agencies) Who Work for Their Own Interests Rather Than People’s
Axiom 7
•
A Decentralized Mechanism of Incentive-compatibility Can Be Designed (Innovated) to Motivate Self-interested Participants to Act for Public Goods (Adam Smith’s Invisible Hand)
Axiom 8
•
Monetary Dynamics Is the Interaction of Foreign Exchange Market and the Goods and Services Market
Chapter 2: CryptoFed's mechanism design
Feature 1
•
The Necessity for a New Currency
Feature 2
•
A 2-Token Economy
Feature 3
•
CryptoFed's Decentralization Process
Feature 4
•
Ducat Payment Flow
Feature 5
•
Collaboration with Large US Merchants at MAG Conference
Feature 6
•
A Vision of the Future: Dual Pricing at Merchants
Feature 7
•
Relationship Between Ducat and USD
Feature 8
•
Measurement of Ducat Inflation and Deflation
Feature 9
•
Shield For Merchants' Foreign Exchange Loss
Feature 10
•
Control of Ducat Inflation and Deflation
Feature 11
•
An Example of Reward and Interest Rate Adjustment
Feature 12
•
The Economic Relationship Between Locke and Ducat Tokens
Feature 13
•
CryptoFed's Economics: The General Theory of Employment, Interest, and Denationalisation of Money
Feature 14
•
Hayek's Appeal: “hope to stop the continuous progress of all government towards totalitarianism”
Chapter 3: Regulatory compliance
Section 1
•
Wyoming Legislature and Regulators
Section 2
•
Fincen Communication
Section 3
•
SEC Filings
Section 4
•
SEC Proceedings
Chapter 4: Answers to fundamental questions
FAQ 1
•
How does CryptoFed know the exact Ducat money supply needed in the economy?
FAQ 2
•
What policy tools has CryptoFed innovated to adjust Ducat money supply to maintain sustainability?
FAQ 3
•
Why does Locke token have value?
FAQ 4
•
How many methods has CryptoFed designed to put new Ducat into circulation?
FAQ 5
•
How different is CryptoFed money supply mechanism from the Federal Reserve’s?
FAQ 6
• What blockchain protocols will CryptoFed use?
FAQ 7
•
What is CryptoFed's deployment roadmap?
FAQ 8
•
What are the differences between CryptoFed (Locke/Ducat) and Terra Protocol (Luna/UST)?
FAQ 9
•
How can Ducat compete with credit cards, central bank digital currency (CBDC) and USD-pegged stablecoins?
FAQ 10
•
Why existing cryptocurrencies, such as BTC, ETH, Doge, Sol and XRP, cannot do what CryptoFed will do?
Chapter 5: Cryptofed's constitution
Current Version (to be updated soon)
•
PDF
Chapter 6: code
Section 1 (to be populated soon)
•
Github Code Documentation
Section 2
•
Github Codebase
Section 3 (to be populated soon)
•
Smart Contract Security Audit Report
