Saver Token is stable money – money that is expected to buy the same amount of goods in 5, 10 or 30 years’ time as it does today.
The token tracks the US Consumer Price Index (CPI-U) converted into dollars. 100 Saver Tokens = the Index.
The token functions like other currencies in holding no collateral. Token holders are expected to create and maintain the token’s value. This expectation is encapsulated in the Saver’s Pledge on the website https://savertoken.life/ .
Like Bitcoin the token is an independent silo of value. This enables token holders to avoid the systemic risk of a collapse of the fiat financial system. There is also no counter-party risk. All tokens are bought and sold on the Waves decentralised exchange (DEX).
Saver Tokens can be used as: * A means of inflation-proofing savings and protecting cash assets.
* A stablecoin without the systemic, counter-party and regulatory risks of current coins.
* An alternative to Treasury Inflation Proof Securities (TIPS)