BCJ @itsbcj
Builder @Abstractchain Team @absnaija @SRT3official | Ambassador @Hamieverse t.me/bcjdiary Joined October 2017-
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What if a bank could run entirely on code? That’s what STANDARD is trying to build. It has its own currency, $STANDARD, its own reserves, and rules that automatically change depending on how much ETH is flowing in or out. When ETH flows in: → more $STANDARD can be issued → fees build the bank’s reserves → reserves can be used to accumulate hard assets like tokenized gold When ETH flows out: → issuance gets cut → the bank uses ETH to buy back and burn $STANDARD → withdrawing becomes more expensive as more people leave And this is where it gets interesting. Half of the exit fees goes to the people who stayed. So the more people try to leave during a rush, the more valuable staying can become. Then there’s the Charter and Branch system. A Charter makes you a banker. Your Branch earns a share of the $STANDARD being issued. Want a bigger share? Open more branches by spending $STANDARD. That $STANDARD is permanently burned. Want to withdraw your earnings? You have to retire the Branch that produced them. So STANDARD creates a constant choice: Keep your position and continue earning, or give up the position and take your value out. What makes this interesting to me is that STANDARD isn't just trying to create another token. It's trying to build an entire financial system where the incentives, reserves and monetary policy are enforced by code. And honestly, I think this is one of the more interesting DeFi experiments I've seen in a while.
White paper is live. There is no token or NFT set live yet. There will be no surprise launch. standardreserve.xyz
@ogcbesty @standard_rsv The next big thing is $standard
@wtfxjeff @standard_rsv Yes ser, study the whitepaper
@_littlefavour @standard_rsv Look more into it, Standard would do good
@marcellovtv @standard_rsv yeah, definitely worth looking into🫡
@gfon_wolf @standard_rsv thanks gfon, glad you loved it
@Soulonchain_ @standard_rsv now you see why i’ve been paying attention to this, there’s a lot more going on than i initially thought
@metacryptonian @standard_rsv Appreciate it, Meta. Glad you enjoyed it. There’s a lot more to unpack with $STANDARD. The exit mechanics are probably my favorite part.
@wiredwisely @standard_rsv I think we found a big winner here
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