it has already been approved and created on the Smart Chain - Binance network.
The proposal is that our cryptocurrency has the same inflation as the physical Kravs, so we are investing in liquidity so that the currency has its security, holders of this new Cryptocurrency will also be able to invest to have a return after some time with this segregated value and monitor their day-to-day earnings.
We will also have a proposal to obtain foreign currencies, giving discounts for E-KRAVS in the exchange of Euros or Dollars, for example, and when the citizen spends the E-KRAVS he will have a Cashback benefit of up to 10% according to the product and your table.
The practice of regulating and issuing currency totally changes the country's economy.
The more emission and manufacture of Kravs, the more our inflation will increase, seeing that this amount spent for production must be passed on.
The banknotes will be composed of 75% cotton and 25% linen with watermarks and security elements, which guarantee that it can be 100% effective.
And coins with less noble alloys like brass where they will be nickel-plated for durability.
Everything will be established and configured within our mint “Kravs House”, where we will issue, manufacture, disperse and collect each note and coin.
Currently, the USA annually issues around 204 billion dollars a year, as it is a currency around the world and is the basis for global conversions.
The initial issuance proposal for our kingdom to issue at least 5 Million Kravs per year, where we will try to equal the dollar, being 1=1. (This is aimed only at physical currency)
After the mint's request to issue, jobs will be created to manufacture our money, where we have to maintain the security and discretion of the “Kravs House”.
At first it will carry out the manufacturing and checking of each manufactured banknote and coin, trying not to exceed the annual manufacturing margin, where the rarity and annual manufacturing parity will make each citizen choose our virtual currency, perhaps this value to be manufactured can be established at close meetings.
All this money will be dispersed to the banks where in exchange we will pick up all the damaged coins and bills (Tears, dents, stains and vandalized).
And banks that have requests for more amounts of money due to the country's demand, this will be fully controlled so that the requested amount is not known with what we have produced. And there will be no shortage of other banking units and so each Kravs will be paid and used to run the local and world economy.
The collection of money will be made by the banking units, as mentioned in the paragraph above and each note and coin collected will check if there is any type of fraud, because if there is any money, it will lose its value and the bank unit will be held responsible for it.
The credit funds will be a daily capture of all transactions carried out by each citizen of Kravinkis both in obtaining and paying installments of loans made as in small banking transactions and a part of the tax collected at the beginning to obtain this amount that we will have credit will be of optional use only where the kingdom will need to guarantee 30% of the total value without movement just to direct to emergencies.The idea that every 1 Kravs borrowed will be charged at a rate of about 2.3% per month and 29.4% per year, in order to heat and boost constructions and the population, the idea of borrowing such amounts in the first years just to do turning the economy around and actually using the amount of IR3 or other realm administrative fees.Therefore, it will be necessary a guaranteed means for this credit to be released, the citizen can place as collateral goods within the national territory or jewelry pledge (in this case, we will abstain from the interest rate).At first, getting the Kravs fund to the country will be bureaucratic, where we will need some bank order or a non-wasteful body to maintain the fund's security.The Loans would be offered by some state agency, but could be withdrawn at any bank unit in the country at the choice of the citizen.