[ANN] The Standard, The Ultimate decentralized stablecoin & lending protocol

[bitkanu]

We accept real world assets like gold and silver as collateral for loans.
There are no other platforms that do this. You can open a vault permissionlessly, set your own loan rates and manage your own finances. You will find you do not need a bank any more.

How can you do this? Did you mean something like the tokenized gold and silver? It sounds good. it sounds like impossible when it comes to the pyshical gold and silver.
Remember that there are lots of projects were creating the tokenized gold and will you support this or not? I meant will you create your own tokenized gold and silver or accept the tokenized gold and silver that issued by another company like elrond maybe?

[nira09]

We accept real world assets like gold and silver as collateral for loans.
There are no other platforms that do this. You can open a vault permissionlessly, set your own loan rates and manage your own finances. You will find you do not need a bank any more.

How can you do this? Did you mean something like the tokenized gold and silver? It sounds good. it sounds like impossible when it comes to the pyshical gold and silver.
Remember that there are lots of projects were creating the tokenized gold and will you support this or not? I meant will you create your own tokenized gold and silver or accept the tokenized gold and silver that issued by another company like elrond maybe?

Right, I'm also curious about that. Physical or digital gold and silver.

Related to ITD (Initial Token Distribution), Has the detailed time been determined, When does each phase start and when does it end? as well as the price of tokens in each phase.

[sukoyomi]

Related to ITD (Initial Token Distribution), Has the detailed time been determined, When does each phase start and when does it end? as well as the price of tokens in each phase.

That's all is written in their roadmap but without the exact time, even in whitepaper I can't find any token price for their sale. What is certain is that their pre-market distribution is currently underway, this is usually the time when angel investors join, usually with large purchases.

[Fivestar4everMVP]

First of all,,, funny that people still call themselves founders of stuff and then they also call those projects decentralized. But I guess just so they call themselves part of Defi.

Misleading and complex information does not worry investors,,, panic sentiment without basis is that does. Everyone is in anxiety mode, bull or bear market:)

It seems as if you see just coming across this for the first time, even eth one of the most trusted coin in the market has a founder, that does not prevent investors nor slow down development,  aside from btc, which project in this day and age will you be willing to invest without knowing the team behind it? I bet you won't drop a penny on such project because your first thought will be not trusted since the team are unknown, it is what it is, investors want to know who is behind the project they put their money and I think it makes more sense.

Thank you @bitstar_coin, you've already said it all and I second everything you said, and also, one thing I discover is that people can hardly ever be pleased or satisfied, they will always find one or two things to complain about even when they know the truth.
A person launches a deFi project and decides to stay anonymous, they instantly tag the project a scam or tell how they foresee a rugpull ahead because the founders of that project is anonymous.

Another guy launched the same deFi project and decides to show his face to the public as the founder of that project to build trust, but the same set of people still come around asking why is there a founder when the project is claiming to be decentralized. Com'on guys, what do you really want? If you have nothing important to contribute, please just stfu.

[jaminunit]

Yeah that is spot on.

The thing is that The Standard needs to start a little centralised because well there are 10 of us building this thing. The hope is to start the decentralising process as we start to distribute the DAO tokens and building that community.

The other thing that will need more work overtime is the vaulting facilities. to begin with we have two, Bar9 and Vaultoro who are plugging their clients into the protocol.

We are putting resources and our deep connections into the gold industry to build relationships and onboard more and more vaulting facilities/gold retailers. Interest is already high as a lot of companies in the industry have come to me over the years asking me how to tokenise gold.

I told them they can't because there is no way of collecting storage fees by simply tokenising. Now I'm going back to them with our solution. The Standard enables gold vaulting facilities to get the demurrage costs of holding the physical assets even if someone loses their private keys. This all happens trustlessly. So partners will come so this network will also decentralise over time.


All and all there is a heap happening behind the scenes. People know me as a bitcoin maxi because I love decentralisation. Our aim is to make this process happen quickly. But people need to realise, decentralisation is not a binary thing. It's a scale and it's on the top of our minds.
.

[jaminunit]

Related to ITD (Initial Token Distribution), Has the detailed time been determined, When does each phase start and when does it end? as well as the price of tokens in each phase.

That's all is written in their roadmap but without the exact time, even in the whitepaper, I can't find any token price for their sale. What is certain is that their pre-market distribution is currently underway, this is usually the time when angel investors join, usually with large purchases.

yes this is correct.

I have been developing software for years and we launched Vaultoro the first Bitcoin / Gold pair exchange in 2015. I don't want to put dates in the roadmap because unlike typical silicon valley "move fast and break things" attitude, smart contracts need to be secure, they need to be tested, tested and tested somemore.  We are not going to be as slow as cardano in developing LOL, but we are building a serious and ambitious project that will take a little time we hope will become the global standard for algorithmic stablecoins.

If you are interested in the pre-market distribution we will be holding that on Vaultoro.com for Vaultoro members as well as signing SAFTS with VC's

[jaminunit]

First of all,,, funny that people still call themselves founders of stuff and then they also call those projects decentralized. But I guess just so they call themselves part of Defi.

Misleading and complex information does not worry investors,,, panic sentiment without basis is that does. Everyone is in anxiety mode, bull or bear market:)

I totally understand your concern. We chose founders because we are not CEO or CTO. We are 5 people that have thought about the issues with projects like MKR and how to make them better. We have invested resources and sweat into building this out over months and are now in the process of decentralizing and opensourcing. Our team is already 10 inhouse and we hope that this won't grow much more because now we want to grow the DAO. The DAO will have the treasury that is raised from the token distribution and will contract people to work on the protocol.

DAO's are one of the most interesting ideas since bitcoin itself. They are the absolute pinnacle of anarchic and cypherpunk philosophy. Eventually, we hope that this project will be spread out as much as possible with no central point of failure.

[sukoyomi]

Related to ITD (Initial Token Distribution), Has the detailed time been determined, When does each phase start and when does it end? as well as the price of tokens in each phase.

That's all is written in their roadmap but without the exact time, even in the whitepaper, I can't find any token price for their sale. What is certain is that their pre-market distribution is currently underway, this is usually the time when angel investors join, usually with large purchases.

yes this is correct.

I have been developing software for years and we launched Vaultoro the first Bitcoin / Gold pair exchange in 2015. I don't want to put dates in the roadmap because unlike typical silicon valley "move fast and break things" attitude, smart contracts need to be secure, they need to be tested, tested and tested somemore.  We are not going to be as slow as cardano in developing LOL, but we are building a serious and ambitious project that will take a little time we hope will become the global standard for algorithmic stablecoins.

So it was since 2015, I though vaultoro is joined in 2019, not as long as you mentioned, because that's what I see on social media accounts, especially Twitter accounts.
So no matter how much money you get from the "distribution" you mean, will the public be notified of this? People will be curious, but it will also make a nice impact on your "distribution".

[jaminunit]

We started coding Vaultoro in 2014 and launched in February 2015.

[jaminunit]

Hey, just wanted to let everyone know that I will be at giving a talk at https://www.mallorcablockchaindays.com/ about why 1:1 hard pegged stable coins are doomed to fail and why algorithmic stablecoins are the future.


Come and join us, we are giving away some really cool Merch including Caps, Tshirts and more.

[irfan_pak10]

Hello Everyone
Here is an explainer video to get an idea about "How Standard Token Work": https://youtu.be/h3ebfoqHq0w


Dear community,

Don't miss the chance to meet our Co-founder Joshua Scigala at the Mallorca Blockchain  Days this weekend.

Tomorrow he will be talking about "The hard truth of 1: 1 backed stablecoins and why algorithmic stablecoins  are the future"




News:
Next week The Standard will be hosting an AMA here, the date will be announced shortly.

[irfan_pak10]

The team will be hosting an AMA on Bitcointalk next week, the date will be announced shortly. It will take place in this thread

Forum members can prepare question as the date is fixed and announced

Yeah as they might be distributing some tokens too to the top questions.

[irfan_pak10]

Why are algorithmic stablecoins the future 🚀 and what are the challenges in Decentralised Projects Governance?

Let's find out the answers in Josh's keynote address and his panel discussion at #DeFiConf2021 hosted by @BlockchainZA on August 5th.

🎟 http://bit.ly/3jiCm0w

[necromastery]

~snip

Sorry, but it's a bit feel strange, post something that happened yesterday.
But, for those who missed the #DeFiConf2021 and @JScigala's Keynote Address last Thursday, don't worry, here is the video.
https://www.youtube.com/watch?v=G37vSazomPM&feature=youtu.be
https://twitter.com/thestandard_io/status/1423962183944257539

[irfan_pak10]

So it is Decided

AMA with the Standard Team

Please join on August 17th, 2021 - 4 PM UTC Here: https://t.me/TheStandard_io

[mandor]

I wish the team can idea of the amount set aside for the reward on top questions. Will the AMA take place simultaneously on bitcointalk Forum and the their Telegram group?

Don't worry about reward, they have prepare it from the beginning. Confirmed that AMA will on going at this thread and their tg group.
On Telegram: https://t.me/TheStandard_io
On Bitcointalk: https://bit.ly/2VT773O

That's what they say in their original tweet. https://twitter.com/thestandard_io/status/1426498862886313984

[irfan_pak10]

I wish the team can idea of the amount set aside for the reward on top questions. Will the AMA take place simultaneously on bitcointalk Forum and the their Telegram group?

Don't worry about reward, they have prepare it from the beginning. Confirmed that AMA will on going at this thread and their tg group.
On Telegram: https://t.me/TheStandard_io
On Bitcointalk: https://bit.ly/2VT773O

That's what they say in their original tweet. https://twitter.com/thestandard_io/status/1426498862886313984

Thank you

Actually, if you have questions, you can ask them at the telegram, But it is not obligated, You can ask questions here too, You can actually hear the answer to your questions in the Live video call in the telegram.

[irfan_pak10]

So it is Decided

AMA with the Standard Team

Please join on August 17th, 2021 - 4 PM UTC Here: https://t.me/TheStandard_io

AMA in two hours. Join the telegram and prepare your questions.

[jaminunit]

I'm really looking forward to answering everyone's questions about The Standard Protocol.

you can also tweet @TheStandard_io with #TheStandardDAO and we will keep an eye out on this.

[Fivestar4everMVP]

Sorry I couldn't make it on time to the AMA guys, it rained heavily for hours over here and the network connectivity was totally dis-stablized , had and still have difficulties connecting to the internet, for this reason, I couldn't join in the AMA which I learnt was mandatory for all of the Standard Protocol campaign participants.
Sorry ones more, hope another ama come up soon, and wanna use this opportunity to say that I love the honesty, accountability, sacrifice and hard work the team is putting in to make this project a huge success, am really glad to be part of this this early and congratulations to all who are early here too.