The video is live in about 2 hours, so in the meantime...
Digital Currency Monetary Authority unveils its CBDC
The CBDC – named Universal Monetary Unit (UMU) – is legally a money commodity and can transact in any legal tender settlement currency, and functions like a CBDC to enforce banking regulations and to protect the financial integrity of the international banking system.
Go to DCMA to read more about UMU, or their Unicoin FAQ, or even their whitepaper or press release.
With Unicoin, the UMPC will establish yield payout rates for wallet holders to stake Unicoin in the Staked Proof of Trust (SPOT) consensus protocol.
Sounds a lot like a closed DPOS, or exactly what the original Libra proposed, before being slapped down by the babksters.
With no risk to principal, SPOT transaction validators could earn up to twenty percent (20%) annually.
Still nothing about what its price might possibly be! I assume this will be pegged to the IMF's SDR, but I'm as yet to find any mention of this. Of course, every coin is worth 1 of itself, but that's glib.
From the FAQ:
Unicoin has a fixed supply of 128,128,128 coins. Over 100,000,000 Unicoins will be locked up and not all put in circulation for a long-term multi-year period. 25,000,000 Unicoins will be released to the public for purchase and through Mesonode transaction validator participation.
It is estimated 500,000 to 1,000,000 new Unicoins may be minted to the circulating public each year.
Note that DCMA is a private organisation - so somewhat like the US Fed - and grants itself the authority of being an Authority! HQ in... Washington DC.
The DCMA is a membership organization funded by banks and financial institutions and does not accept private investment. The public can participate in the monetization of the Unicoin network by purchasing Unicoin.
Much like Libra - again.
I shall need to read the whole thing, but this Ch II, art. 5.4 is interesting:
For Accounting purposes, the United States Dollar, subsequently the USD, and the local economy’s legal tender shall be used as the reference currencies.
USD = UMU !??
This smells... a global coin that is, quite literally, priceless.
The more I read, the greater the smell...
https://www.tekedia.com/i-am-the-alpha-and-the-omega-the-beginning-and-the-end-imf-world-bank-wbdc-unicoin-umu/
So... the banksters didn't tell him to sod off in his face... so that's a green light!?
Would be hilarious to see all those maximanalist buttcoiners get pranked.
laser eyes? yeah, right - laser minds would be better.
Anyway, let's see this play out.
Meantime, lemme read more of their shitepaper. link above.
awww... the video changed its focus - they didnt fall for the prank.
Instead, they saw that the UMU shitepaper is a response to the IMF Elements of Effective Policies for Crypto Assets from Feb 2023. direct pdf.
The IMF did NOT launch this - pure marketing aka lies.
Enjoy...
oh what fun it is to lie to the gullible today, hey!