Vow VOW Price 0.37314423

The Bank for International Settlements, an umbrella group for the world's central banks, says that central banks are best placed to provide trust in money in the digital age.

Mr Carsten's statement negates the possibility of a third option, which VOW seeks to provide.
A new type of economic system has no central issuer, but still maintains price stability.

Because a little VOW is required to be staked by retailers who wish to issue digital discount vouchers the VOW circulating supply is contracted by each retailer.
If you're looking to distill the core proposition, you will be able to discern it in that which follows.
Retailers around the world have issued discount vouchers in order to drive custom and repeat business.
One day, the founder of Vow wondered what the value of these vouchers was. He came to the inescapable conclusion that they do not have an objective value. Most of them will never be used. This assessment was counter-intuitive. It was limited in scope.


If you will, "Vow" of acceptance.
There is no underlying value in the $10,000,000 of discounts.




VOW wants to absorb this value into itself.
The "Decentralized Backstop" is created as more and more merchants join the network.
For the first time ever, a pegged value currency can exist without a centralized issuer, central bank, or big tech company.
These vCurrencies are essentially negative value vouchers backed by a group of retailers who promise to accept back everything they issue, at the value it was issued, but as a count against products.

If it were to issue a voucher, Pizza Hut would either accept it back or it would be very unhappy.
The winning formula.

For more information, please read our white paper.
A team of international payments, loyalty and experts are gathered. Rarely has a commercial use case been so clear.
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