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METHODOLOGY
METHODOLOGY
Methodology
Algorithmic formulas are the basis for the creation and stability of StableNote with a unique delivery system ensuring the global security of the transactional network. Currency conversions will be facilitated by the CME Group ‘Electronic Broking Service’. These base currencies exchanged into StableNotes will be deposited and 100% of funds will be held as ‘Assets in Reserve’ with the Tier 1 banking partner to ensure the safety of the financial assets. These funds will be held within ‘safeguarded’ segregated accounts to ensure the security of client monies. This methodology will also ensure price stabilisation across the FX pairs and will assist in the stabilisation of the currency exchange market.
Unlike other digital currencies within the market, the banking partner and the 10 Central Banks that make up the StableNote Council will always hold 100% of the financial reserves as fiat currencies for StableNotes that have been issued into the market.
Management Overview
Full biographies of the Management Team and Board of Directors are provided within the Business Plan but as an initial overview;
Management Team
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The CEO comes from a Securities and Derivatives trading background of 35 years that also encompasses physical commodity trading around the globe.
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The COO is a high-level Programme and Project Manager of 36 years heading up delivery in the Aviation, Oil & Gas and Nuclear sectors.
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The CFO comes from a Family Office and Hedge Fund investment background.
Board of Directors
The BoD have a wealth of experience encompassing roles including;
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Ex-Chief Financial Officer at Vitol
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Ex-Chairman of the International Petroleum Exchange and Ex-Director of the London Metal Exchange
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Ex-President of the Chartered Institute of Bankers and Secretary to the IoM Bankers Association
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Ex-British Ambassador, Diplomat and Senior Trade Advisor for UK Gov Trade and Investment
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Ex Banker, international property mogul, and green energy strategist
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