Introduction
‘StableNote Ltd’ is an ‘RTP Automated Clearing House’ with an ‘IP Pending’ status (Application No. GB2411580.0) on our StableNote Algorithm and has been incorporated in the United Kingdom. The Founder of StableNote saw an opportunity to create an ‘Electronic Money Institution’ (EMI) that benefitted both the Global Markets for International Trade and the potential for increasing profitability within Proprietary Trading of the Foreign Exchange Markets. This can be achieved through a Fiat Hedged Financial System. This Global Adoption Programme would support currency valuation, cross-border globalised payments, FX risk mitigation and the risk of currency redenomination. In addition to these factors, the StableNote Algorithm generates a ‘safehaven’ for Foreign Exchange cross-currency transactions whilst mitigating risk and market exposure.
Two years of research and mathematical testing have progressed the StableNote concept to its current position. 10 years of historical FX data has been tested and analysed encompassing over 365,000 FX currency pairs. All of this has been tested multiple times to ensure efficiency. The result of this hard work has provided us with a proven ‘IP Pending’ working algorithm that means StableNote is mitigated against the risk of FX volatility within the markets and provides a digital asset for secure instant cross-border financial settlements.
StableNote Settlements
The strategy of ‘StableNote Settlements’ is to implement a Cross Border Financial Settlement Trade Platform with a collateralised digital currency that is pegged to the following World’s 10 most active fiat currencies simultaneously (GBP, USD, EUR, AUD, CAD, CHF, NZD, SEK, JPY, CNH). This has been achieved through an algorithmic calculation that ensures that StableNote is the most robust ’cross-border financial settlement vehicle’ in the World. An example of the StableNote stability can be viewed in the below FX pairs graph shown across the previous 10-year period.
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The platform will initially be built in conjunction with a global Tier 1 Bank and assets under management will be held across 10 currency deposit accounts. In the near future, it is intended to connect each StableNote deposit account directly to the relevant Central Bank through the Bank of International Settlement due to the financial volumes held on reserve. This partnership with the Global Central Banks will assist in providing robust governance concerning Global Regulations, Anti Money Laundering Policies, Counter Terrorist Financing and Risk Management. At this growth stage, the 10 nominated Central Banks will form the StableNote Council and validate the transactions to ensure accuracy through Digital Ledger Technology.
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StableNote Markets
‘StableNote Markets’ will utilise the world-leading CME Group's Electronic Broking Service’ (EBS) platform to provide the most competitive wholesale FX rates available. A meeting with the FX Director at CME Group in London has confirmed their agreement to partner with StableNote and provide this service. The StableNote algorithm also generates 10 independent indexes that can be traded on a ‘proprietary trading’ basis to generate potential profits for account holders.
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StableNote FX
This is an industry-standard Foreign Exchange brokerage service that will convert any of the 10 fiat currencies into an alternative fiat currency. The difference within the FX market that our service will provide is access to the EBS improved wholesale rates that offer a competitive edge within the industry.
It is not the intention of StableNote to replace any global fiat currency but instead to enhance each Country’s ability to trade the international markets with a less volatile method of transacting. StableNote also provides a ‘haven’ for economic stability within weaker currencies through the compression of currency volatility.
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StableNote Coin
A key factor in the future growth of StableNote will be the launch of a fully digital ‘non-blockchain’ domestic coin (StableNote Coin - SNC) that is pegged to the StableNote algorithm. This digital coin can be transferred directly through the ‘StableNote Mobile App’ to anyone in the world who has downloaded it. The transfer between users will incur a transaction fee of 0.03% that debits and credits accounts instantaneously. This model will also provide a 100% guarantee on assets held on reserve and will create a market to buy and sell SNC’s. There will be an offer price and a bid price that are each set 0.3% above and below the algorithmic StableNote price for users that wish to either buy or sell SNC’s directly with the company. StableNote will however only buy and sell SNC’s to non-sanctioned compliant entities.
The ‘StableNote Coin (SNC)’ model will not provide all of the features and benefits of ‘StableNote Settlements’ but will enable global payments in lower-value denominations. This also means that StableNote Ltd will not be paying interest on the assets held on reserve so all interest income will be deemed as profit for the company.
The StableNote Coin will enable consumers to make purchases and transfers via Bluetooth technology from one handheld device to another. This methodology will assist in supporting weaker currencies and will provide a tradable asset.