STABLE COIN FRAMEWORK

Additional information.

The value of Stable Coin investment.

Earn interest in lending the stable coin as security.

Staking to support a network.

Store value and allow that value to earn interest for non profit activity such as schools, hospitals and welfare work in Democratic countries.

Security is based on Iota Layer 1

Feeless transfer and redemption of coins.

Zero “0” spread

All deposits for coins are banked directly into Tier 1 Banks by the purchaser.

Acknowledgement of deposits by return email with the Coin and the Bank Viewer Access numbers.

View your deposits and overall account balance at any time.

No depositors’ funds are moved from the initial account until redemption.

Redemption of coins estimate of five (5) working days to return the coin to the Issuer and redemption payment to the buyer/current holder. However when direct links are electronically possible this time will be reduced.

Process of Aquisition

When you purchase a Ukra 1:1 Stable Coin you will not only receive the Coin, but you will be able to track the payment you made for the Coin until you wish to redeem it or on sell it.

How is this possible?

It is possible to do this by utilizing two independent systems in the transaction.

  1. The NanoIotas on which the Ukra 1:1 is created becomes part of your IOTA wallet accessible only to you at any time.
  2. When your deposit is made you receive a Bank Viewer Access number to check your deposit, also at any time.

Steps to follow.

(Please note that these are not high speed transactions as they are not speculative investments, but a way to accumulate value and trade as value for security for a fee.)

  1. Set up an IOTA wallet. (No fee for this service.)
  2. Set up a Hushmail email account to ensure compatible encryption processes. (There is an annual fee for this service by the Provider)
  3. Email the Issuer to express intention to purchase the number of coins required. (Please use of the Hushmail encryption email system to ensure your offer to purchase is kept confidential.)
  4. The Issuer sends via the Hushmail encrypted system the Bank name, Account name, BSB number and the Account number.
  5. You deposit the amount and email the deposit receipt to the Issuer via the Hushmail encrypted service .
  6. The Issuer will issue you the number of Ukra 1:1 Stable coins which have on their tab the Viewer account number for you to check the deposit and overall bank balance of the account.

VERY IMPORTANT TO NOTE Obtain professional Taxation advice for any venture into this area of investment for example;

  1. When the Issuer of the stable coin sells the coin in USA, Britian and Australia the proceeds of the sale are considered revenue or a capital gains/loss event and is taxed accordingly. If the coin is redeemed within the same financial year it was sold the Issuer offsets the tax with the expense of the redemption.
  2. However when the Issuer of the stable coin sells the coin in Switzerland or Europe it is a currency transaction not a capital gains or revenue expenses event.
  3. At the time of posting this information it is better to redeem your stable coin within the same financial year if the stable coin is transacted in USA, Australia or UK. However this does not apply in Europe or Switzerland as the purchase or sale of the stable coin is considered a currency transaction.
  4. In any of the jurisdictions mentioned there is no entry, exit or any other charge for these movements within the same Financial year with the coin we will issue.
  5. All of the above may change at any moment so it is important to keep up to date with regulations in the country and jurisdiction of choice. Note the Genius ACT IN USA and its impact on Cryptocurrency.

Associated issues.

When the buyer redeems the coin(s) the Account viewer number is stripped from the coin and a new one added when resold.

If the initial buyer sells their coin they still have the Viewer access number, but no capacity to do anything.

However if the second buyer or person/organization who has taken security over the coin redeems the coin then the Account Viewer number is removed and the original buyer also loses Viewer access to the account

Please note:

No one can copy the coin as each coin is part of a fixed number of Iota tokens/micros on which Ukra 1:1 has been created. (Check Iota.wicki to see how the Iota platform has been developed. )

Tekfin Pty Ltd has 240Tn in nanoiotas under its control to ensure its world wide network has a constant flow of coins available.

However it is important to note that this is not a speculative investment induced by a shortage of supply, but one which can store value safely, generate income by using the coin as security and staking to support a network.

REMINDER.

No administration fees and Zero “0” spread.

All interest earned on the deposits is retained for:

  1. Administration
  2. Special projects such as the development of private education (see project type on Menu)
  3. Benevolent activity in democratic countries which have: Freedom of the Press, a Market economy, the Rule of Law and clear accountability processes to ensure proper distribution of funds.
  4. Your direct benefit is to store value safely, use the Ukra 1:1 as security as it is backed by fiat currency at 100% for borrowing or staking.
  5. Be absolutely sure that your Ukra 1:1 coins are secure in your IOTA wallet as they are like cash. Their permissionless, feeless nature, like cash, makes the holder able to redeem them. Security is your responsibility.