Introduction, Vision, Mission
Introduction
Public distrust with centralised financial institutions has grown as currencies around the world continue to debase over time. Blockchain technology enables complete transparency rather than centralised control, allowing for an unbiased, highly-efficient, permissionless global financial system that better serves the public good.
While Bitcoin, Ethereum, Blur, and others succeed as cryptocurrency on varying levels, their price volatilities do not lend themselves to be an optimal medium of exchange.
Contrarily, ATOM brings value because it is designed to minimize price volatility.
Vision
ATOM aims to be money with a stable, consistent, and predictable value that provides exposure to all crypto backing it. It is decentralized, unbiased, collateral-backed, and soft-pegged to the US Dollar.
Mission
The mission of the ATOM Stablecoin is to perform the functions of money:
A store of value
A medium of exchange
A unit of account
A standard of deferred payment
ATOM as a Store of Value
A store of value is an asset, commodity, or currency that maintains its value without depreciating. Because ATOM is a stablecoin, it is designed to function as a store of value, even in volatile markets.
ATOM as a Medium of Exchange
A medium of exchange is an intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties. ATOM aims to be the medium of exchange in the decentralized, non-custodial ecosystem of DeFi products, protocols, and use cases that make up Axiom Finance.
ATOM as a Unit of Account
A unit of account is measurement for value, used to assign value to goods and servAxis. ATOM currently has a target price of 1 USD. While ATOM is not used as a standard measure of value off-chain, ATOM functions as a unit of account within the Axiom Finance protocol and some blockchain dapps.
ATOM as a Standard of Deferred Payment on AxiomLend
ATOM is required to settle debts given in ATOM in order to receive back one’s supplied collateral in AxiomLend.
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