What is FiatRexa?
FiatRexa is a decentralized multi-chain protocol which modernizes fiat while addressing the problems of Stablecoins, CBDC's, and traditional fiats. This is done by tokenizing fiats and providing a plethora of tooling so that we can address the unbanked and underbanked all around the world along while better serving those who are exploited by inefficient and predatory banking practices. By tokenizing various fiats and providing a trustless transparent multi-chain decentralized protocol of the people, for the people, and by the people, we can allow retirees to keep their money without being robbed, while helping someone looking to buy their first home. All without the counter party risks present through the modern financial world. Cryptocurrencies, namely bitcoin, address solutions to theft through inflation, but there are a few key problems stablecoins aimed to solve: 1. On-Ramp & Off Ramp You still need fiat generally to pay bills in whatever country you are in, and you may want a way to onramp without going through a centralized third party that is lacking transparency. 2. Risk On & Risk Off For some people, buying bitcoin is risk on, and for others it is risk off. Regardless of this, swapping to particular fiat currencies is often the secondary asset of choice when shifting between a risk on or risk off state. 3. The Full Backing of the Token Stablecoins backup their tokens with Real World Assets (RWA's) in a centralized entity and earn yield on this backing, why shouldn't you earn that yield? Why shouldn't the thesis of decentralization extend to these entities so that a multitude of centralized entities are used to mitigate risks-- effectively achieving decentralization. FiatRexa makes it easy for you to switch between tokenized fiats, and upon the event of Central Bank Digital Currencies (CBDC's) have an alternative that wont result in the worst case situation for you and your loved ones. CBDC's may appear to be the only way to implement Universal Basic Income (UBI) programs but the risk of a bad deployment is catastrophic. FiatRexa's Tokenized Fiats provide a lifeboat for the general population, so that they can get the same security and options as those working with billions. For someone who has $1000, it is not feasible to setup various accounts, in various regions and to perform robust due-diligence to hedge against the risks that are pervacent. But if 1,000,000 people can work together to do their own small piece in a manner that everyone can benefit from, then no one is left behind. The primary objective of FiatRexa is to improve modern money and offer an alternative to CBDCs, stablecoins, and fiat, it is our belief that the market should have choice, and that a future with well designed, responsibly managed and governed solutions is optimal.
However, if we eliminate the ability of the market, the people, to choose we would lack the critical data needed to judge the effectiveness of such solutions. Choice is necessary for well reasoned, data driven, decision making that focuses on maximizing the greater good. Additionally, by eliminating all the security risks present, through the use of transparent autonomous smart contract protocol infrastructure, better managed services become available: 1. Yield on Tokenized Fiats a. From LP's b. From Margin Loans c. From Vaults & Strategies 2. Loans / Mortgages 3. Credit Cards & Spending Facilities With FiatRexa, it becomes possible for an individual with $300k in whatever tokenized state (USD, CAD, GBP, CHF, JPY, NZD, BTC, ETH, BNB, SOL, FTM, AVAX, RUNE, ADA, BCH, etc) to earn yield. And for them to spend this yield on a credit card that is holistically integrated with the users designated self-custodied wallet. All governed by robust smart contracts, eliminating counter-party risks because you no longer need to sue to have the contract honored or enforced. It just works, as it should, autonomously. In English, "Fiat" translates to "let it be done" or "let it be made." In English, "Rex" translates to "King". So functionally, FiatRexa can be translated to mean: Let it be made King; Or, Let it be done, King. When asking ChatGPT what FiatRexa means, its response is: The word "Rexa" is not a classical Latin term. However, it can be interpreted as a modern or constructed term, possibly derived from "Rex" with a feminine ending, making it akin to "queen" or a female ruler.
Combining the words, "FiatRexa" could be interpreted as "Let the queen be made" or "Let it be done, queen," suggesting a decree or command associated with a female ruler. The phrase blends the authoritative tone of "Fiat" with the regal connotation of "Rexa." I'd like to think it means a protocol to make kings and queens of all of you, with dominion over your own domains.
The FiatRexa Way
Our Mission
To help the unbanked, underbanked, and banked populations access better fiat and current-fiat-centric solutions.
Our Vision
To see FiatRexa play a pivotal role in a world where people can conveniently, transparently, and programmatically access all the fiat currencies they need or want. Empowering everyone more seamlessly to pay taxes, rent, and other costs that demand Fiat through enabling a simple, accessible, compliant, and fair fiat to tokenized fiat functionality.
Principles & Values
Be Fair & Equitable
Be Transparent & Strive for Decentralization
Put people and their financial well-being first
Be simple & convenient
Make safety and security a priority
Goal: if this protocol is well designed, fiatrexa could also act as a hedge in down markets as it provides real yield from value provided by the common good protocol methodology to all without covert and unearned prejudice or discrimination as is seen in traditional finance. The people choose what goes and doesn't go, not unseen private interests. If we could see FiatRexa perform strong in bull and bear markets, by providing real value and yields in a consistent manner, it would be a first of its kind and unique asset in the space. There is no guarantee of success; but it is a worthy goal.
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