This week sees the launch of Saver Token, the first stable money since the US left the gold standard in 1971. “Stable money is money as it should be – a fixed medium of exchange,” says Branton Kenton-Dau the token’s Founder. “Stable money is good for the economy, good for people and good for society.”
Saver Token maintains a stable value by tracking the US Consumer Price Index (CPI-U), a measure of inflation. Kenton-Dau claims it is a way people can inflation-proof their investments for capital protection.
Branton Kenton-Dau (CEO)
“So many of the challenges we face today are the result of floating currencies, the manipulation of interest rates and monetary supply. It has not always been like this and does not need to be like this anymore. The difference with Saver Token is that, thanks to the blockchain, stable money is now being created by people, not governments or their central banks,” he says.
Associate Professor Nathan Berg from Otago University is the founding Advisory Board member. The company has produced a quiz to help people understand the importance of stable money: https://support.savertoken.life/knowledge-bases/2/articles/1-the-saver-quiz .
A major problem of fiat currencies is their debasement through inflation. In the United States, a dollar loses on average 33% of its value every 10 years. This means people need to earn 33% on the money they hold just to stay even.
On the other hand, around the world periods of stable money have coincided with economic prosperity. Because it tracks the CPI-U Saver Token is designed to buy the same goods in 5, 10, or 30 years’ time as it does today.
Dr. Nathan Berg (Economist)
Saver Tokens are bought and sold on the Waves exchange. People wanting to buy can download the Waves app for their desktop or mobile phone. The Waves exchange is decentralized which means that a person’s account cannot be hacked and their assets were stolen. Full details of how to buy and sell are found on the Saver Token website https://savertoken.life/
Savers are a return to stable money and the prosperity that history has demonstrated coincides with hard currency. They represent a return to disciplined money managed by token holders themselves.
The token can also be used as a stablecoin without many of the risks associated with current stablecoins in the crypto-currency market.