SpiceUSD USDS Price 0.12839771

There's a huge need for a capital efficient system for trade among people of the world, and that's the core thesis of the Spice Trade protocol. The system should have deep, long-term, and protocol-owned liquidity to maintain tight pegs. It is our belief that creating such a system will lead to a more peaceful and prosperous future for mankind. Reduce custodial risk by using on-chain and decentralized technology. Frictionless trade requires using money that does not change in value. A relative term is value stable. The best money should be designed to be stable relative to national currencies, a basket of currencies, an inflation adjusted currency, in-game virtual currencies and reward points. Money is a tool of trade. The Spice Trade protocol is fully modular to accommodate both immediately predicted needs and future unknown use cases. One of our core values is to create an open-source environment where anyone with a good idea can contribute and build on top of the Spice Trade protocol. Capital-Efficient: While over-collateralized on-chain stable coins pioneered the non-custodial money movement, we believe they will play a relatively smaller role in the future of money. Imagine if we removed all the currencies from the world. In order to generate any new dollar, someone has to take a mortgage against their physical assets, and only then money is generated to enter the circulation. Any real world economy would collapse because of this tight monetary system. Market trends reflect the above reasoning. History has shown that technology continually improves. Any product, community, or nation that does not evolve with it will be left behind. We believe that any successful product that wants to survive the test of time needs to be a meta concept that stays above any particular blockchain and can easily be extended and expanded from one chain to another. Proof-of-Stake seems to be the current king of consensus-building, but who knows what the future will bring? The Spice Trade protocol is built on the concept of Starfish Topology and designed to have significant liquidity with practically zero cost. There is a