Your Starting Point to Buy Crypto!

bitUSD is a digital token that has roughly the same value as US dollars. Once you exchange your US dollars for bitUSD, you can exchange bitUSD for Bitcoin and other cryptocurrencies. It’s even better than US dollars because no bank or government can limit or freeze your bitUSD. You have ultimate control of your money and all the value is stored on your phone or computer!

How Do I Get Started?

100x Trade - Crypto Gems to Go!

It’s easy. Our first application called 100x Trade powered by bitcashBank allows you to exchange US dollars with others for bitUSD. You can then trade bitUSD for crypto gems like Grin and other coins like Mina, Telos, Fantom, ImmutableX, Siacoin, Avalanche, Solana, Binance Coin, Ethereum, Bitcoin and USDT. Click the link below to register an account with your smartphone!

How it Works

Money as a unit of account

Creating money from illiquid assets makes sense. It adds more monetary liquidity to the economy.

Simple Crypto-Collateralized stablecoins

Traditional banks create US dollars out of thin air backed by real estate. We propose a similar yet simpler design to create stablecoins from crypto collateral instead of real estate.

Simple Exchange + Margin Trading

We’ll create a simple exchange market without an order book where users can easily buy & sell bitUSD for EOS, BTC, ETH.

Fixed Peg & Pooled Deposit

By relying on a price feed we can create a stronger peg that doesn’t require governance or interest rate manipulation. We also pool crypto deposits together to simplify trading, lending, and stablecoin creation mechanics that all happen in the background.

Oracle – price feed

We start with an internally operated price feed that provides pricing every 5 or 10 seconds for redemption and trading. The price feed frequency provides our community with relatively recent exchange pricing for trading and to establish the peg.

Stablecoin Tokenomics

20% of the revenue will be distributed to bitcashBank, our network organization DAO, to grow and fund new features and applications. Users who stake collateral will earn 80% of trading, lending, payment income generated from bitcashBank.

Why bitUSD

You can spend bitUSD as a credit line to buy more crypto or buy goods & services.

If you are bullish on crypto, you can borrow bitUSD to leverage your investment up to 20x.

If you think crypto prices are too high you can temporarily hedge your positions or even short crypto.

Roadmap

Q4 2021 - Beta Launch

bitUSD stablecoin

bitcashATM - p2p fiat-to-crypto onramp

Gems - crypto gem & alt coin swap

Webauthn private key system

Q2 2022 - Token & bitcashBank DAO launch

bitcashBank - DAO and dBoard proposal, discussion and voting system

bitcashBank - multi-collateral deposits (EOS, BTC, ETH)

100x Trade with up to 20x leverage with bitcashUSD pairs with EOS, BTC, ETH

Automated hedging using Nexus API and order router

Q4 2022 - DeFi dashboard

bitcashBank - depositor yield and token distribution dashboard

Crypto Gateway – Peer-to-Peer ATM

After implementing a stablecoin, it will be easy for people to exchange fiat dollars for bitcash one for one in an OTC market. We plan to make it as easy as possible using digital exchange such as Paypal, Venmo, Zelle etc.

Stablecoins, FOREX + Bitcoin/Altcoin Exchange

Our first stablecoin will be pegged to the US dollar and have off-chain conversions to other national currencies. In the future we’ll create multiple other national currency stablecoins with a focus on countries in Southeast Asia and South America.

Trading

Our main focus is to provide an extremely liquid EOS/USD exchange, but we plan to eventually add Bitcoin and slowly add other select cryptocurrency coins on our platform.