85% of daily >5 trillion dollars traded on FOREX, come from just 7 pairings referred to in the FOREX industry as "the majors," comprising the following 8 currencies: US Dollar, Euro, British Pound, Japanese Yen, Canadian Dollar, Suisse Franc, New Zealand Dollar, Australian Dollar
"Wraps" are a word for Tezos-wrapped cryptocurrencies. What are they used for? Many traders in the crypto-sphere view liquidity in terms of available liquid BTC, instead of US Dollars. The 'Wraps' class of stablecoins are tokens that are pegged to the respective values of other cryptographic assets (such as Bitcoin, Ethereum, and Litecoin) instead of to global FIAT currencies.
The particular cryptographic assets we will be wrapping have been chosen based on current trading volume at-large, technological merit, and market consensus. Given that outside of USD-pegged assets, Bitcoin has the greatest daily trade volume of any cryptographic asset, the first wrap we will issue will be BTCtz.
Commodity class assets have many sub-classes, generally traded on mercantile exchanges such as CME in Chicago. Examples of sub-classes include precious metals (such as gold and silver) and agriculture (such as coffee beans and soy beans). The first commodity token we will issue will be: Gold Tez (GLDtz), since gold is not only a popular tradable commodity, but a popular liquidity mechanism as well — a store of value more in-line with currencies. Thus, Gold Tez will complement our initial offerings for other stable-coin classes.
Amongst agricultural commodities, Coffee beans and Soy beans are top traded assets on the Chicago Mercantile Exchange (CME), and on other mercantile exchanges around the world. Next to water, coffee is the most consumed beverage in the world. Next to crude oil, soy beans are the top export of the United States annually.
The SABZ token is an FA 2.0 governance token of the StableTez network and its DAO — that is, it is a parent token (and parent smart-contract via transfer hook permissioning instantiated under the FA 2.0 standard) for all stablecoins in the StableTez network past, present, and future (e.g. USDtz, BTCtz, ETHtz, LTCtz, EURtz, AUDtz, CADtz, NZDtz, CHFtz, GBPtz, JPYtz, GLDtz, SItz, PAtz, PLtz, Ctz, ZStz, and more.)
SABZ token holders govern all Tezos stablecoins under the Stabletez network. SABZ token holders are also thereby the recipients of any distributed rewards from the earning activities resulting from yielding rewards of the respective reserves of these stablecoins. This means SABZ token is not only very powerful in terms of governance, but can be a lucrative rewards yielding instrument as well.