Mission Statement

STIMA’s aims to meaningfully impact millions of lives by democratizing asset ownership and level an uneven financial playing field. Our core objective is to allow everyone to achieve financial sovereignty by giving access to historically appreciating assets that withstand the test of time and that due to their scarcity, will ensure financial wellbeing in an ever increasing inflationary environment in which fiat currencies lose their worth. We aim to be the first cryptocurrency based on a value standard, with at its heart the concept of cross-property sharing and asset fractionalization that will ultimately revolutionize the way we own, transact in and monetize assets of value. We are all about inclusivity, assets that were exclusive to the elites for millennia will now be accessible to ordinary people for less than a price of a coffee.

STIMA, aided by blockchain technology, gives the concrete possibility of innovating complex social processes associated with value exchanges, by allowing any person to have an independent valuation of their assets recognized in STIMA-tokens. These tokens can be subsequently sold for other cryptocurrencies or fiat, or alternatively converted back into assets party to the STIMA ecosystem. The embryonic idea of "property pegged" tokens was initially popularized by NFTs, which allows to hold value in a fractionalized manner, providing users with the ability to mitigate volatility (or other traits) due to the anchoring effect of the underlying asset. Amongst the various limitations of NFTs we find hyper-targeting, that has limited the mass adoption of the service. STIMA, on the other hand, allows to hold STIMA-tokens, tied to an infinitely diversified pool of quality assets, that can be subsequently converted into any asset that is part of the PROOF of RESERVE, thereby subtracting personal taste from the equation and hence increase its user base and consequently its diffusion. The goal of STIMA is to completely eliminate the requirement of trust, as the implementation of the classic exchange iterations are based on mutual trust or trust towards a trusted third party. However, it has technical, market or process limitations that STIMA solves through the implementation of the blockchain.

In our view a solution is an the “asset-backed” cryptocurrency, that in our case is measured in “STIMA-tokens” issued on the ETHEREUM blockchain and therefore exist as a cryptocurrency token. Each STIMA-token is generated, locked and subsequently released into free circulation only if it is supported in an asset / x token number ratio (i.e. a given number of STIMA-tokens equal the value of an asset) and the corresponding asset is held in vaults certified and approved by STIMA SRL. For the avoidance of doubt, STIMA-tokens can be generated, exchanged, transferred, stored, spent, etc. just like bitcoin or any other cryptocurrency and finally redeemed for any asset pledged as collateral, in accordance with the terms & conditions of STIMA SRL. In this way a "reserve asset” acquires the function of a cryptocurrency, whose minimum value is permanently linked to the total value of all the "reserve assets", as the only way to mint STIMA-tokens is to convert an asset into STIMAs, and the only way to redeem an asset is to utilize STIMA-token.

Some of the main advantages of STIMA are:

• Low transaction costs,
• International transferability and convertibility without borders,
• Ownership and exchange without the need for trust,
• Minimum exchange value,
• Pseudo-anonymity,
• Real time transparency,
• Immunity from problems related to the legacy banking system.

Our implementation has the following advantages over other cryptocurrencies:
• STIMA SRL uses a simple but effective approach to conduct the “Proof of Reserves” which significantly reduces our counter-party risk as custodian of reserve assets.
• STIMA-tokens will not face market risks such as Black Swan events, a liquidity crisis, etc. as reserves are held in an “asset value / x token number” ratio rather than relying on market forces.
• The implementation of STIMA's “asset value / x token number” system is easier for non-technical users to understand than collateralisation techniques or derivatives strategies.

At any time, the balance of the certified value of the assets held in our reserves will be equal to the total of the STIMA-tokens in circulation. This simple configuration more easily supports a reliable Proof of Reserves process; a process that is fundamental to maintaining a minimum price value between the STIMA-tokens in circulation and the underlying assets held in reserve. As a matter of fact, every token in circulation is guaranteed by a corresponding assets placed as collateral. We recognize that our implementation is not perfectly decentralized as STIMA SRL has to act as the centralized custodian of the reserve assets (although the STIMA-tokens in circulation exist as a decentralized digital currency). However, we believe this implementation lays the foundation for creating future innovation that will eliminate these weaknesses, create a solid platform for new products and services, and support the growth and usefulness of the Ethereum blockchain in the long run.

Some of these innovations include:
• Obtaining value for an asset without actually carrying out a trading process based on the laws of supply and demand to which the exchange market is subject to.
• Facilitating mobile payments between users and other parties.
• Instant or near instantaneous value transfer between decentralized parties
• Introduction to the use of smart contracts and multi-signature features to further improve the overall security process, Proof of Reserves and enable new features.