Decem will provide secure, simple to use and fast payment system using blockchain technology and publicly backed one to one ratio with fiat currency. Our mission is to bridge the gap between modern and traditional economy for every person with a mobile phone. The solution is in two separate tokens, whereby with the help of the first one (DECEM), we provide a connection of the other (MOVE) with any traditional currency in a ratio of 1: 1, all of which happens on a public account. Thus, our assets are firmly linked to the traditional currency without the risk of crypto fluctuation, but nevertheless, in the transactions, we take full advantage of the blockchain technology.
Banking, Business Services
A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of blockchain is an auditable and cryptographically secured global ledger which will enable security and transparency of transactions. To maintain accountability and stability, we propose a method to always ensure a one-to-one reserve ratio between a cryptocurrency token and its associated real-world asset, fiat currency.