- The core thesis of the Spice Trade protocol is that, theres a massive need for a decentralized, onchain, opensource, valuestable, scalable, modular, crosschain, and capitalefficient system for trade among people of the world. - Furthermore, such a system should have deep, longterm, and protocolowned liquidity to reduce friction and maintain tight pegs. - It is our belief that creating such a system brings us one step closer to creating a more peaceful and prosperous future for mankind. - The first step in building such a system is to rethink money based on the following principles: Onchain and decentralized: Reduce custodial risk. - This stands in direct contrast to centralized stable coins that may have significant custodial risk. - Valuestable: Frictionless trade requires using money whose value does not significantly fluctuate. - Value stable is a relative term. - For example, depending on the use case, the best money should be designed to be stable relative to national currencies Such as USD or Euro, a basket of currencies, an inflation adjusted currency, ingame virtual currencies, reward points imagine a stable coin that traces a hotel or airline point system on chain etc. - The Spice Trade platform allows building appropriate onchain decentralized money for all these use cases.Scalable: Money is a tool of trade. - The last thing a successful trade network needs is friction in scaling its monetary system. - Modular: As we will demonstrate in the rest of this whitepaper, the Spice Trade protocol is fully modular to accommodate both immediately predicted needs as well future unknown use cases. - OpenSource: Creating an opensource ecosystem where anyone with a good idea can contribute and build on top of the Spice Trade protocol is one of our core values CapitalEfficient: While overcollateralized onchain stable coins pioneered the noncustodial money movement, we believe they will play a relatively smaller role in the future of money..
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