Русская версия


Everything ingenious is NOT simple!


and, as always, in this simplicity there is a huge number of hidden possibilities.Everyone knows the postulate - Money makes Money. This plot is the basis of my idea - the transformation of real financial assets into digital ones. The project fully implements the transfer of any investment in Fiat or crypto currency into a reliable asset of decentralized finance and ensures complete safety and protection against inflation invested inEthereum. Solving this problem, I took as an example the existing US financial system.

And so, if we accept that Ethereum is a Dollar, and a smart contract isUnited States Office of the Comptroller of the Currency (OCC), and the tokens generated by the smart contract areUS Treasury Securities(bonds), it turns out the financial model of a new decentralized economic system based on a decentralized crypto currency.All this I tried to show in this project.It differs from the existing Fiat system in that it completely lacks an external regulator, and emission control is carried out by the smart contract algorithm.



The goal of the project is to show how you can create a decentralized financial system in which investments in cryptocurrencies will be profitable, safe and protected from financial losses.

Currently, in the crypto-currency world, there is not a single solution for saving and lending crypto-currency that would not depend on the speculative BITCOIN rate, controlled by its main owners, who are very beneficial for its controlled volatility.

The proposed project has a solution for saving and lending cryptocurrencies secured by an ETH deposit, without fear of market volatility, the project is universal for any platform where a smart contract can be used.

To implement the idea, a network of individual smart contracts is used, united by taking into account the total emission as a decentralized, self-balanced, self-regulated crypto BANK (depository), which does not have a single control center and control over the emission of generated tokens, which serves to accumulate the preservation and transformation of ETH into a financial equivalent. ETH-WORLD which in essence becomes a bond - having a property (Stablecoins).

The project provides a profitable opportunity for ETH holders to become co-owners of a common crypto bank and receive income for placing a deposit, as well as receive additional income for providing those who wish to connect to this crypto bank.

Co-owners of a crypto bank are all ETH holders who have connected their wallet addresses to a smart contract and become issuers of bond tokens.

A smart contract (crypto bank), summing up the owners' ETH into a common "authorized capital", generates tokens that are the financial equivalent of an ETH deposit.

The price of bond tokens of a crypto bank under no circumstances can be devalued, since it is not tied to Fiat, but is measured in the quantitative content of ETH and can only increase with an increase in the emission of bond tokens. The larger the total deposit, the less tokens will be generated per investment unit, the higher their value will be. The profitability from the price increase is proportionally distributed among the co-owners of the crypto bank, the owners of the deposits, depending on the amount and time of storage. Smart contract tokens arefinancialETH equivalent and can participate inturnoverinstead ofEthereum.

Bond tokens have a limited emission, depending on the volume of the total ETH deposit, they can be used for storage, settlements, they can be exchanged, sold, pledged, while remaining deposit holders.

Imagine a bank where you place your financial assets in the form of an ETH deposit not to the general bank account, but to your cell. The bank, accepting your deposit, issues token-bonds. Your ETH is stored in your safe deposit box at the bank and counts towards the overall balance of the "authorized capital" of the crypto bank.

The “smart contract” bank, when placing an ETH deposit, generates bond tokens according to a given program and blocks ETH at the addresses of the deposit holders of your cell.

Bond tokens, the financial equivalent of ETH, serve as reliable collateral for providing a loan; they are fully secured by the volume of the ETH deposit and participate in circulation. Bond tokens are also required to unlock the ETH deposit and connect other co-owners to the smart contract.

Anyone can freely open a deposit and become a co-owner of a crypto bank by connecting their wallet addressEthereum to the smart contract "crypto bank". The deposited ETH always remains locked in your address in the smart contract, and its financial equivalent, bond tokens, can participate in the turnover.

You can also transfer your ETH financial asset to any other holder of the “smart contract” bank cell, and the Bank, having blocked it, will issue you its guarantees, tokens-bonds, the equivalent of the value of the transferred assets. Your ETH can be unlocked at any time if you return the bond tokens to the bank, while they are extinguished - they burn out.

By unlocking ETH in a smart contract, the tokens-bonds are burned out, and an identical clone of a new smart contract is formed with the address of the next co-owner of the crypto bank. Deposits of all clones of individual smart contracts are summed up and taken into account in the generation of the total emission of bond tokens (Stablecoins).

When withdrawing Ethereum from smart contract addresses, its total deposit decreases, but the entry price remains unchanged. A smart contract reacts to a change in the entry price only when it increases from the previous change by the next million, that is, until the output value is filled and the price starts to increase, the price will remain unchanged, so the input price cannot be lower than the output price.

The issue of bonds directly depends on the volume of the total ETH deposit of all clones, the larger the total value, the higher the cost of tokens, and hence the income of the deposit holders.

The initial issue of bonds is 1000 for one ETH. Each million bond tokens generated by a smart contract increases the ETH deposit by approximately ~ 10% compared to the previous million(see table).This means that for every next million tokens issued, more ETH is required. This increase in emission difficulty is analogous to the difficulty of generating and mining Bitcoin BTC.

To generate the first million bond tokens, you need to place 1000 ETH in a deposit, and to generate the 45th million bond tokens, you will need 100,000 ETH, and the total amount of the deposit will be slightly more than 1 million ETH, while less than 10 tokens will be generated for 1 ETH -bonds, that is, the price of placing a deposit increased 100 times. The price of bond tokens means the emission of tokens received from a smart contract for placing an ETH deposit at the moment, it can increase with every million emission of bond tokens. The entry price of an ETH smart contract cannot grow indefinitely, since the emission of bond tokens is limited by the emission (amount) of the existing ETH itself.

An increase in the ETH deposit stored in the bank’s depository at the addresses of co-owners in the smart contract increases the value of bond tokens in circulation, and at the same time creates a shortage of ETH turnover in the network and, accordingly, affects its value. The increase in the cost of ETH stimulates miners to mine ETH, and additional emission does not affect the decrease in the price of ETH, as the demand for acquiring ETH will increase. With an increase in the volume of the ETH deposit, the growth in the price of bond tokens will gradually slow down due to the fact that more and more ETH will be required to generate the next million bond tokens. In the future, the price growth will depend only on the increase in the emission of ETH due to mining, which is about 10 percent per year, which in turn is very necessary for sustainable growth and development of the economy.

To limit the one-time manipulations of the jump in the prices of bond tokens, the project provides for a limit on the amount of transactions sent to a smart contract from 0.1 ETH to 1000 ETH, the number of transactions is not limited. This means that only those who have at least 0.1Ethereum, and this is only a few tens of thousands, I thinkin the future, this figure will decrease further.

The value of the transaction of token-bonds sent to the contract to unlock ETH and connect the next co-owner of the crypto bank 0.01 token, the maximum is not limited. Bond tokens that unlock the ETH deposit in proportion to the current rate are extinguished-burn out.

To create a clone of a smart contract with the address of your wallet, you need to send at least 0.01 tokens to the address of anyone connected to the contract. You can buy contract bond tokens from any address already connected to the contract by sending ETH to it, or buy them on the secondary market by exchanging them for any other crypto currency or Fiat. The project allows not only to place deposits while maintaining and increasing your assets, but also to earn money by helping those who wish to become co-owners of a crypto bank by receiving ETH and bond tokens for this.

There are two options for opening a deposit. First, you need to purchase ETH, then send at least 0.1 ETH to the address already connected to the contract, thereby donating ETH and receiving bond tokens in return, then send back at least 0.01 tokens, as a result of which your smart contract clone with your wallet address is formed, and you can send your deposit to it and connect other people by providing its address.

The second way is much cheaper to immediately send at least 0.01 tokens to the address already connected to the contract by buying it on the secondary market and exchanging it for any other crypto currency or Fiat, paying only a few cents for it, depending on demand, the seller dictates the price, and it will be higher than the smart rate contract due to the limited issue of bond tokens. Decide which option you prefer. In my opinion, both options will be in demand, although the first is more profitable.

ETH crediting and unlocking on addresses connected to a smart contract occurs without an acceptance procedure that does not require the consent of the owner of the address. The value of the total ETH deposit of all clones determines the price of bond tokens and the amount of minted non-combustible bonds (gold) that are not associated with an ETH deposit. These fireproof bonds (gold) are not minted additionally, but are formed due to the difference in the exchange rate of previously issued bond tokens. The number of non-combustible coins - (gold bond tokens) is limited, the minimum ratio is 10 percent of your deposit, subject to an increase in emission by the next million.

The number of fireproof token-bonds (gold) is individual for each deposit holder and depends on its value and on the time of its closing. A smart contract "depository bank" allows you to accumulate in a deposit, all existing ETH.

ETH-WORLD coin - bond tokens initially have an ETH capitalization, since they are not issued additionally like all existing USDT, USDC and others “stablecoins”, which are allegedly provided with a “ghost of money” buried in an unknown place and whose action can be terminated at any time, since they are controlled manually and someone is personally responsible for their release.

The project is also fundamentally different from the existing financial systemDecentralized Finance (DeFi)which is based on a monetary system focused on “stablecoins”managed based on the exchange rate of the dollar and which is exposed to the risks of losing financial assets in case of high and sharp volatility. What's the point in "stablecoins” pegged to the dollar or to any fiat currency if they can be printed as many as you like? It is necessary, on the contrary, that the emission of Fiat depends on the total real volume of the decentralized world economy, and not on the whim of the local authorities, but these are my fantasies.

The presented graph demonstrates the non-linear dynamics of the ETH deposit relative to the linear emission of ETH-WORLD and non-combustible bond tokens (gold).



Bond tokens are non-combustible coins formed by the total capitalization of the entire deposit, the amount of collateral, which can only be increased by the quantitative content of the ETH deposit. Bond tokens replacing ETH are guaranteed to carry its quantitative content and participate in the turnover of settlements in its place.

Bond tokens (gold) not associated with a deposit, this is the total income paid in the form of remuneration to all owners in equal shares “as a return of part of the authorized capital”. This is another very significant difference from the existing financial system.Decentralized Finance (DeFi)and on its basestablecoins, where for their creation not only the owners of the platforms have to pay for the service, but also leave an insurance premium in the deposit.

The project completely lacks any regulator. The main advantage of the project is that the owners of ETH manage their financial assets without transferring them on their own to anything other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need bond tokens.

Placed ETH in the depository cannot be stolen from the addresses of the owners connected to the smart contract, as it is blocked, which provides additional insurance for invested funds.

A crypto bank is a network of individual smart contracts, united by a common control over the emission of bond tokens, managed jointly by all owners of the ETH deposit and by no one in particular. Anyone who has placed financial assets in a deposit at their address in a smart contract can become a co-owner of a crypto bank.

It will be profitable to purchase a coin of bond tokens on the secondary market primarily for Fiat, as it saves investments, which makes it more interesting to increase the ETH deposit, thereby contributing to an even greater increase in the value of bond tokens.

A large amount of the deposit will lead to an increase in the issue and an increase in the cost of token-bonds, thereby becoming attractive for investment, therefore, increasing the inflow of financial assets in Fiat into the decentralized sector of the economy.

Now the main investment, transforming into a decentralized financial liquid asset of bond tokens, has a growth trend and under no circumstances can be frozen, reset to zero, devalued, it becomes possible to directly place any Fiat in a decentralized crypto economy through the crypto currency Ethereum. Investing and lending secured by token-bonds will become very profitable and safe. Bond tokens produced by a real financial asset replacing the turnover of ETHin depositbecomes a reliable settlement coin between counterparties.

For the successful development of the project, it is necessary to interest as many people as possible to become co-owners of a crypto bank, giving them the opportunity to open their accounts and join the project at minimal cost.

For example, Bank (investor) offers everyone assistance in opening an account in a crypto bank (smart contract) for only $10. Why does he offer to purchase tokens from an investor to connect his co-owner's address and open an account in a crypto bank. The investor will send to these accounts a deposit of 0.1 ether worth $420 to which he does not have access. Such an offer to invest 1000Ethereumturn into 10,000 deposits. An investor for his investment in the authorized capital of a crypto bank of $4,200,000 can receive almost 1,000,000 tokens and $100,000 for the sale of 100 bond tokens. These 10,000 co-owners of a crypto bank will want access to theirEthereumwhich is blocked on their accounts and will also start earning by connecting those who wish, and will also start depositing into their accountsEthereumaccess that only they have.

The investor, attracting everyone, turns his Fiats (financial investments) into tokens (crypto bank bonds). Investing your funds in the accounts of others gives them the opportunity to develop and insures themselves against devaluation. It is very beneficial for the investor that everyone earn and increase their own, and hence the total authorized capital of the crypto bank by transforming the monetary financial system into a decentralized one.



ETH owners who placed a deposit in a smart contract received bond tokens, which are the financial equivalent of ETH. Tokens can be sold to those who wish to connect to a smart contract and receive income or pledge to a bank and receive the value of ETH in Fiat while remaining the owner of the ETH deposit.

Tokens are very attractive for the bank in that they are secured and cannot be devalued, they have a positive growth trend, unlike ETH, which has unmanaged volatility. The bank can issue an interest-free perpetual loan secured by the client's token-bonds (Islamic lending), although there may be other conditions. The bank does not have access to the client's ETH deposit and, in the event of a loan default, can only sell bond tokens, while ETH will remain in the deposit blocked at the address (account) assigned to the client. Such an insurance scheme against losses during ETH volatility is very profitable and can attract ETH owners to become owners of a crypto bank, which in turn will increase the total ETH deposit and, accordingly, the value of bond tokens.

The owners of the ETH deposit are protected from financial losses in any market volatility. The conditions for placing ETH in a smart contract reflect the advantage of ETH deposit holders over other crypto currency holders and are very attractive for acquiring ETH. In fact, when lending, the owner of ETH has a deposit and its value in Fiat at the same time, and the higher the market volatility, the more people who want to deposit their financial assets.

Smart contract decentralized self-balanced self-regulated ECO SYSTEM manages the amount of ETH in the blockchain network by replacing it. The ETH-WORLD coin, together with ETH, stabilizes the crypto currency market and regulates the emission of ETH. ETH technology is the building material of the crypto industry, and ETH-WORLD is its financial regulator and protection. This financial system is a symbiosis of ETH-WORLD andEthereumworking in pairs and mutually compensating each other. The volatility of ETH creates a positive prerequisite for placing it in a smart contract deposit. The larger the ETH deposit in the smart contract, the higher the value of ETH-WORLD token-bonds, and hence the value of the saved asset. In turn, a large amount of the deposit creates a deficit in the turnover of ETH in the network, which leads to an increase in its value, which means a new withdrawal into circulation.

In a world where there are negative deposit rates, there can be no successful economic development, so I believe this platform will be in demand by financial and banking businesses.

This program will allow developersEthereumnot to burn, in their opinion, extra ETH that they do not know how to make it attractive for investment, but on the contrary, it will provide an opportunity to connect a large number of people to it, which will make it possible to become the number one ETH crypto currency.

This program will allow ETH deposit holders, together with the financial sector (banks, funds, insurance companies, exchanges), to advance the decentralization of finance to a new level.

Token-bonds secured by ETH it can be (a new single world currency under the conditional namePhoenix, which The Economist wrote about in 1988, issue 306.) they cannot be controlled and regulated, they obey only a simple economic law.

When creating this project, I did not initially set myself the task of repeating BITCOIN or something like that. I was looking for solutions to save financial assets in crypto currency. With any ETH volatility, the ETH-WORLD asset grows. The maximum amount of the deposit, I suppose, will issue 80-85 million smart contract tokens, which means only 8-8.5 million gold tokens, while the amount of the smart contract deposit will be only 50-60% of the total amount of ETH.

Tokens(gold bonds) not encumbered with a deposit of ETH is an asset produced by the capitalization of the entire deposit of a smart contract, whoever has a controlling stake in gold bonds has control over the decentralized crypto market.golden bondsETH-WORLD, minted with the entire volume of ETH of the smart contract passed through the deposit, perhaps this isPhoenix.

To implement the project, it will be necessary to create a smart contract with the parameters described above, enabling ETH owners to implement unique conditions for lending cryptocurrencies, and earn on the placement of financial assets in cryptocurrencies without fear of loss. Whoever will be the first to implement the terms of the project will become the leader of the new economic system.




Moscow 20.11.2019 Victor Proshutinsky


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