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Samcoin will break the US dollar monopoly and establish a new financial order

2023-09-14

At present, the global "de-dollarization" wave is underway. Economists from many countries say that the United States has been using the U.S. dollar as a weapon, abusing U.S. dollar hegemony, and exacerbating world economic risks. Today, "de-dollarization" has become a financial trend.

For a long time, the United States has used dollar hegemony to transfer domestic debt risks and "harvest the world", which has caused dissatisfaction in many countries. Since the U.S. dollar is a debt-denominated currency and lacks an isolation mechanism for internal and external debt risks, the U.S. can use this to transfer domestic debt risks to international creditors. This is a typical manifestation of U.S. dollar hegemony wantonly invading the interests of creditors. The United States can also harvest the world and make up for its domestic debt through changes in interest rates and exchange rates. During the period of policy easing, the United States will create huge amounts of liquidity, export low-interest dollars to the outside world, and create asset bubbles in developing countries. Afterwards, it will continue to aggressively raise interest rates to guide the rapid return of global funds, forming a huge "dollar tide" to harvest developing countries. "Dollar tides" occur periodically, leading to frequent world economic crises, such as the 1994 Mexican financial crisis and the 1997 Asian financial crisis.

Under this circumstance, Samcoin will aspire to establish a new world monetary order, break the hegemony and monopoly of the US dollar, and promote the accelerated transformation of the global diversified monetary system.

Samcoin is a decentralized trading platform located in South Africa, dedicated to reshaping the landscape of the diamond, gold and other mining industries. Based on the rich mining resources of South Africa, Samcoin is determined to break the monopoly of the US dollar, encourage the use of SAM Token to deliver major mineral resources and commodities, and bring a new order to the mining industry, allowing more countries and investors to Equal participation.

Samcoin will continue to explore its critical role in promoting fairness, transparency and innovation in the exchange of these coveted treasures. Its establishment marks the beginning of a new era, injecting vitality into the mining market, providing diamonds, gold and minerals. buying and selling creates more opportunities. Samcoin is more than just an exchange, it is a symbol of a reform movement, paving the way for the future of resource exchange, bringing hope, and having an important impact on the global mining industry.

As the world's first fully integrated centralized digital asset trading platform, it has the characteristics of strong liquidity, high security, trustworthiness, transparency, fairness and efficiency. Samcoin will provide global digital asset users with safe, transparent, stable and efficient blockchain digital asset trading services. Its original Samcoin public chain will carry all users' digital asset transactions on the Mining Exchange and is the carrier for the settlement of all minerals and commodities. Its value will continue to rise with the scarcity of resources.

Samcoin's public chain is based on the DPOS consensus mechanism. We are hereafter referred to as the SAM public chain. SAM is committed to creating a circulation environment with free trading of minerals and bulk commodities, stable value support, and traceability. The SAM public chain system uses advanced blockchain technology to realize the digitization and certification of minerals and commodities. The platform sets the main network token as SAM, which is permanently anchored to minerals and commodities. SAM is the first important asset token to be released in the Samcoin public chain system, and introduces a smart contract mechanism to realize the trustworthiness of assets. For digital programming, the gas fuel that needs to be consumed is SAM.

The SAM blockchain system will provide a stable financial underlying system based on anchored minerals and commodities - SAM, which is parallel to existing public chain systems such as Ethereum (ETH). At the same time, SAM is different from traditional public chains. It has real asset ownership value and is physical minerals and commodities. It fully releases its circulation attributes and realizes the digital programming and high-speed circulation of the value of minerals and commodities, making mineral and commodity assets As a basic digital token with actual asset value in the blockchain digital world, it is widely circulated.

In the future, the Samcoin platform will continue to carry out docking cooperation between non-US dollar cross-border payment systems, accelerate the construction of inter-regional cross-border payment capabilities, and gradually disintegrate the US dollar dominance controlled by the United States. At the same time, Samcoin will vigorously promote the "de-dollarization" process in key areas such as minerals and commodities, relying on the powerful functions of the SAM public chain to promote the use of SAM settlement in major mineral and commodity producing countries, so as to gradually loosen the US dollar system.

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