The Mars Blockchain issued 1SG stablecoin to overcome the current problems of cryptocurrencies, enter the market with the advantages of open, transparent, efficient and convenient KYC/AML review process, stable value and profitability, and high liquidity. It is committed to developing into a virtual stablecoin leading the global market.

Project Introduction

Denmark began to implement the "paperless currency policy" in 2016, and the proportion of non-cash transactions in Sweden exceeds 90%. These are favorable indicators for the government to launch digital currencies. The world began to become popular in digital currencies and the characteristics and advantages of virtual stablecoins. Mars developed 1SG stablecoins. Our mission is to make transactions free and make the world more trustworthy.

What users hold stablecoins is actually holding is the loan notes of the stablecoin issuing company. Centralized issuing companies mortgage their assets to issue stablecoins. Each stablecoin corresponds to its equivalent legal assets deposited in the bank, ensuring that the stablecoins held by users can be exchanged back to fiat currency in proportion. 1SG is a stablecoin issued based on the new currency (SGD).

Project Highlights

Consumable Stable Coins
1SG is the world's first trustworthy stablecoin. The KYC/AML review process is open and transparent, efficient and convenient in currency circulation, absolutely safe and highly liquid.

Protection and Protection Mechanism
Search the number of 1SG stablecoins circulating through the Ethereum blockchain, and compare the audited bank balance statements issued by the reserve proof system to ensure that there is sufficient legal asset protection.

Payment, Settlement and Cross-border Transactions
Complete the basic transaction review in accordance with international standards KYC/AML, combine the advantages of blockchain technology with the customer information advantages of traditional financial institutions to develop more efficient, accurate and trustworthy KYC processes.

Three-party auditing agencies have full supervision
By connecting with mainstream cryptocurrency exchanges around the world, the most active trading pairs can be created; users can complete various cryptocurrencies exchange, capital hedging, asset preservation, cross-border transactions, payment settlement, etc. through their exclusive wallets.

Application Scenarios

Channel for digital asset allocation

Whether it is a bear market or a bull market, the market demand for stablecoins will continue to grow, because even if the market acceptance is like Bitcoin, it cannot play the three major functions of currency, and relatively stable digital currencies are of great significance to the development of digital currencies and even blockchains. The existing stablecoins on the market currently have various defects. 1SG provides new options for solving these problems through mechanism design and operation investment.

Convert to 1SG during market fluctuations as a hedge. Investors trading digital assets can hold 1SG assets, limiting the risk of digital assets fluctuations without incurring fees and delays to convert to fiat currency. Digital asset traders can use 1SG to perform complex hedging operations, such as hedging, arbitrage, swaps, etc., effectively avoiding exchange losses caused by exchange exchange between digital assets eroding profits.

1SG will become the settlement benchmark currency for cryptocurrency transactions, and undertake the payment clearing and settlement functions of various cryptocurrency pairs.

Accelerator of flow of international trade funds

International trade, as an important part of the international economy, is still at the level of decades ago, and interbanks use SWIFT to complete transaction confirmation. First, cross-border fund transactions are inefficient. There are many intermediate parties involved in payment through agency banks, and relevant documents need to be repeatedly confirmed. The transaction delay is generally 3-7 working days; secondly, transactions are incurred in higher handling fees, and the current transaction system has many fees, and each link involves payment of fees, such as handling fees, certificate revision fees, non-conformity fees, etc.; finally, the security issues such as payment defaults arising from the current payment system are more prominent. Wire transfer payment involves the credit issues of the counterparty, and the letter of credit also has losses caused by bank defaults.

The stable value of 1SG provides basic trading tools to solve the above cross-border trade payment problems. It uses blockchain to realize second-level transaction clearing, without intermediate links, and greatly reduces transaction fees. The funds are delivered through smart contracts, ensuring both clearance of payments and ensuring transaction security.

Next generation mobile payment based on stable digital currency

Use smart contracts to realize the functions of digital currency's smart payment, convenient payment collection, transfer and financial management, provide settlement services for various life DAPP applications, provide more convenient and cheap payment tools for the lives of ordinary people, and create the next generation of "Alipay/WeChat" based on stable digital currency.

Pay
Payment is made using stable digital currency, and 1SG is an exclusive wallet center digital asset, and payment is completed point-to-point, which is safe, convenient and has lower handling fees.

Cash collection
With various payment methods such as QR code and payment address, you can directly charge 1SG to the target of the new currency, and you can realize payment in seconds without secondary redemption, which can greatly reduce the handling fee.

Transfer
It supports fiat currency deposit and directly exchange to 1SG, which can realize on-site transfers and on-chain smart contract transfers, without any delay in receiving and paying.

Financial Management
Digital currency wealth management based on 1SG, similar to Yu'ebao, solidified income and floating income are freely chosen by customers, and smart contracts are used to ensure the security of transaction principal and income.

Related links:

https://www.qukuaiwang.com.cn/news/14567.html