It is easy to be swept up in the excitement of the cryptocurrency markets. Investors are watching their portfolios grow and seeing profits across the board. It is important to remember however that the true opportunity that cryptocurrency creates is not short term profits, but rather long term solutions to the financial problems plaguing the planet.

The question is, how can we create a dynamic, trustworthy and fair digital economy? How can we take control away from banks and give it back to the people?

This new financial system must also be sustainable and stable. Cryptocurrency markets are notoriously volatile and regularly experience massive price swings. In order to engage in commerce, consumers and vendors need a relatively stable unit of exchange. Investors also need a stable asset they can use to store profits.

BitShares solves this problem using Market Pegged Assets (MPA). Market Pegged Assets are freely traded digital assets whose value is meant to track that of a conventional underlying asset. Put more simply, MPAs allow the creation of tokens which have a value pegged to another asset like the US dollar. This allows holders of the token to achieve the stability they need while maintaining the properties and advantages of a cryptocurrency.

MPAs on the BitShares platform are referred to as BitAssets and can be created and owned by anyone on the network. These assets are not limited to fiat and can include commodities like gold and silver. MPAs owned by the BitShares Committee are called SmartCoins. Among these are:

•(Bit)USD

•(Bit)CNY

•(Bit)EUR

•(Bit)GOLD

•(Bit)Silver

BitShares also has a core currency called BTS. BTS derives its value from the demand for BitShares services. BTS also acts as a form of collateral and helps ensure the liquidity of MPAs.

SmartCoins can provide stability by anchoring themselves to a stable asset such as the US dollar or gold. They can also easily give investors the means to create a diversified portfolio, with exposure to a variety of currencies and commodities. SmartCoins are market backed, this is one reason they are so appealing to exchanges. As exchanges adopt them, the price of BitShares goes up. This is exactly what is happening with BitShares now.

By holding Bitshares core currency BTS, you can benefit from the growth of the Bitshares blockchain and the services it provides. Having liquid, market backed and stable assets is crucial for developing the infrastructure for the new digital economy, but what if there was a way to completely break free from the current financial matrix?

Breaking Free From The Financial Matrix

BitShares has developed the world’s first economy based, incorruptible currency, backed by productivity, not debt. The HERO is a decentralized currency, double-backed by equity in BitShares.

BitShares is backed by the revenue streams of companies and their capital. These companies are backed by the huge audiences they can reach with their services. The result is the world’s first economy backed currency, operating on a transparent, incorruptible, blazing fast network.

The HERO is a new kind of blockchain-based digital currency. It has all the advantages of cryptocurrencies like fast, cheap transactions, no middlemen and no counterpart-party risk etc..but, unlike others, HERO has a predictable price.

The HERO is a mathematically defined asset designed to appreciate annually by five percent (5%). This means an investment of $1000 should net you, by definition, a return of $1050 after one year. The HERO provides ordinary savers and conservative institutions guaranteed 5% earnings free of counterparty risk.

So the question is,“How much demand does the world’s population have for a secure, counterparty-free certificate of deposit (CD) guaranteeing 5% APR* growth from day of deposit to day of withdrawal?” The BitShares team thinks demand is virtually unlimited.

How Could HERO Change the World?

Central banks set monetary policy and control the creation of currency in a balancing act between inflationary and deflationary forces. As governments have dramatically increased the money supply, they have greatly diminished the purchasing power of our money.

Interest rates are one way that we can protect ourselves from inflation. In good practice, the accumulated interest on a savings account for example should account for the purchasing power lost through inflation. Currently, interest rates are at historic lows, meaning every day your money sits in a savings account, it is losing value in real terms.

Inflation at 1% or 3% may not sound too scary but inflation can be one of the most insidious forms of theft. The government started to expand the printing of currency in 1913. As a result the value of the dollar today is worth less than 2 cents in 1913 dollars. That means that the dollar has lost 98% of its purchasing power over the last century. This is shocking, unfortunately however most Americans don’t even know what is happening. This system is stealing from millions of Americans and it needs to change!

By having a secure, counterparty-free asset guaranteeing 5% APR growth from day of deposit to day of withdrawal, people can protect themselves from the rampant theft of inflation.

How Does It All Work?

The HERO is built on and trades on the BitShares platform. Using the BitShares exchange you must use your BitShares (BTS) tokens as collateral for a 200% loan. This creates the asset known as HERO.

The HERO is being described as the most honest money ever. The risk is significantly lower than for typical startups because the reserve capital of each company is backed by the combined revenue streams they independently generate. Company earnings will put buying pressure on BitShares which grows the network’s ability to back more predictably growing HEROs.

The commitment from each member company to lock up revenue as equity to back Heros, and then put them into circulation means that, for the first time we have an incorruptible currency backed by productivity and capital, not debt. This will change the world!

To top it all off, these assets can be traded on the Bitshares Decentralized Exchange, where the security of funds rests in the hands of the user. Not only can you use MPAs to avoid the risk of volatility but you can also avoid the risk of leaving your funds on a centralized exchange that is vulnerable to attackers. The Bitshares Decentralized Exchange is cheap, fast and efficient, capable of handling the trading volume of the NASDAQ, all while settling orders the second you submit them.

BitShares is leading the industry in innovation and vision. We finally have an opportunity to replace the debt based monetary system and empower humanity.

To learn more about the power of BitShares and of the HERO visit:

www.bitshares.org

www.sovereignhero.com