The Free World Dollar (FWD) (coming soon)

The Free World Dollar (FWD) is a revolutionary blockchain-based decentralized cryptocurrency that distinguishes itself through its specific characteristics and advantages over traditional fiat currencies like the US Dollar (USD), the Euro (EUR), and other fiat currencies. The basic idea behind the Free World Dollar is very simple: it is about fixing the existing fiat money supply of USD M2 liquidity at the given current state of 21+ trillion United States Dollar and exchanging it into an equivalent fiat money, the Free World Dollar, at a ratio of approximately 1.x : 1, which takes over all the positive characteristics of the USD in its daily use, but directly takes control of the money supply and money production away from the central bank and entrusts it to a smart contract that mathematically limits the money supply to the current state of exactly 21 trillion of the equivalent currency. In this way, the victims of the central bank-central planning fiat money fraud can free themselves from the perpetrators of inflationary currency devaluation in the shortest possible time. In other words, it is about initiating a monetary reform from below, from the people, without having to take into account the approval of any supposedly authorized authorities. Below, the essential properties and key advantages of the FWD compared to fiat currencies are explained thoroughly:

1. Inflation-Free Total Supply

The FWD is inherently inflation-free, because it has a fixed total supply of 21,000,000,000,000.00 FWD units (21 trillion with two decimals) that cannot be increased. This is guaranteed by the coded rules of an ERC20 smart contract on the second most secure blockchain in the world: Ethereum. In contrast, the supply of fiat currencies like USD and EUR is governed by central bank policies: The Federal Reserve Bank (FED) or the European Central Bank (ECB) can arbitrarily expand the money supply, which regularly leads to inflation and decreases the purchasing power of fiat currencies. This endless expansion of the money supply particularly affects the productive people of the real economy, as their savings are devalued while the cost of living continuously rises. In contrast, the limited supply of the FWD ensures that it will not only be stable in value over time but will even increase, as there is no way to expand the supply. With steady economic growth, the value of the FWD can only increase in terms of purchasing power, which means that the prices of all goods and services will decrease over time. For the value creators of the real economy, this means: The FWD will help your savings grow instead of being eroded by inflation.

2. Debt-Free Issuance

The FWD is a debt-free monetary system, which means that it is not created or expanded on a credit basis. It is created ("minted") by a secure smart contract on the Ethereum blockchain and can be bought debt-free via our Oneway Swap (OWS) DeFi mechanism. In contrast, fiat currencies like USD and EUR are created through credit issuance – both by central banks and commercial banks that put money into circulation when they grant loans. Each USD or Euro in circulation is someone's credit/debt. This system leads to persistent systemic debt, which forces not only individuals but also companies and governments into a constant debt spiral. This ever-growing debt burden severely strains the value creators in the real economy and leads to redistribution in favor of those who benefit from the credit system: the banksters. The FWD breaks this chain of debt and enables a healthy economy in which the true value of work and productivity is not crushed by ever-increasing interest payments and credit dependence.

3. Free from Manipulation

The FWD is free from state and institutional manipulation. Fiat currencies like USD and EUR are directly dependent on central banks and governments, which can manipulate interest rates, money supply, and other economic policy instruments to achieve their goals. These interventions regularly lead to financial and economic crises caused by monetary manipulation. The FWD, on the other hand, is based on the hard coded rules of an immutable and publicly accessible smart contract on the biggest decentralized smartcontract blockchain system that cannot be manipulated by central banks, governments or any other entity. When bridged to its native DPoS Blockchain, the FWD is protected by Smartcontracts with immediate finalization.

4. Independence from the Banking and Financial System

The FWD can be used without the involvement of traditional banks or financial institutions. In contrast, fiat currencies like USD and EUR are heavily reliant on intermediaries such as banks and payment service providers that control transactions, charge fees, and determine participation conditions. The FWD enables secure direct peer-to-peer (P2P) payment transactions between the smartphone wallets of users in our end-to-end (E2E) encrypted radio meshnet, bypassing the banking system and financial intermediaries.

5. Decentralization and Security

The FWD is based on a decentralized blockchain system secured by cryptographic methods. This means that transactions are immutable and secure, with no central authority. In contrast, fiat currencies like USD and EUR are centrally controlled by banks, which are often targets for cyberattacks, manipulation, and fraudulent activities.

6. Transparent Money Issuance

The FWD provides complete transparency regarding the money supply and transaction history through its underlying smart contract code and blockchain explorer technology. Every participant can track the circulation and transactions. With fiat currencies like USD and EUR, monetary policy is non-transparent and decided behind closed doors by central banks, which can undermine trust and lead to economic uncertainty.

7. Secure pseudononymous and anonymous Transactions

As long as the FWD is managed by the secure smartcontract on Ethereum, the transactions will be pseudonymous, like Bitcoin. Tracking them by third parties will have no use, since there will be no reverse exchange of FWD back into the fiatmoney system, where payment gateways can do KYC again. While fiat currency transactions like those in USD and EUR are processed through banks and other financial institutions that monitor, document, and report transactions, the FWD protects user privacy from the state and the banking system, thus providing full financial self-determination. When bridged to its native DPoS Blockchain the FWD coin can be transacted fully anonymous via Zero Knowledge Proof Smartcontracts.

8. Resilience in Times of Crisis

The FWD is designed to be resilient to blackouts and crises. By integrating into the solar-powered radio meshnet system of the project, the FWD can be used even when the internet, mobile networks, and power grids are unavailable. In contrast, fiat currencies like USD and EUR are heavily dependent on the infrastructure of the financial system, which is inaccessible during crises or power outages.

9. Voluntariness

The FWD is a pure market money, used exclusively on a voluntary basis. There is no state coercion to accept or use the FWD, and it is not used to pay taxes, as the project considers state structures and compulsory levies to be unlawful due to their violation of our natural property rights. In contrast, fiat currencies like USD and EUR are legal tender, whose acceptance is mandatory in their respective jurisdictions and which are used to finance state activities and debt.

10. Fixed Exchange Rate

The FWD is acquired exclusively through a unidirectional exchange (Oneway Swap) against USD-based cryptocurrencies such as USDT, USDC, or DAI at a ratio of 1 FWD : 1,x USD according to the monthly updated relation between the fixed supply of FWD (21 trillion units) and the variable money supply USD M2 (21,221.20 billion USD in September 2024). This direct comparison to the USD money supply makes the FWD a fixed benchmark for the monthly updated inflation of fiat currencies, making the devaluation of fiat money visible to all. This greatly strengthens trust in the FWD as inflation-free alternative to continuously inflating fiat currencies.

11. Access Restriction

The FWD cannot be acquired by state actors or those financed by the state, such as civil servants or public sector employees, nor by executives or employees of banks or bank-related financial institutions. It can only be acquired by private individuals who have earned their fiat savings through honest work. The FWD thus provides all those who create real value in society with a way to preserve their purchasing power and escape the decline of fiat currencies. Additionally, distribution is based on rewards for objectively provided services, ensuring that access to the FWD is solely through measurable productive activities.

12. The Ideal Monetary System for the people

With its essential features the FWD is used as the ideal digital cash payment medium of exchange in the new decentralized private Free World Meshnet Society and Economy. It is the only honest money used for the trade of economic goods and services within this network. Thus, no other currency or form of money is needed. Moreover, since unlimited debt by states and unlimited production of fiat money by central banks must be unequivocally considered crimes of counterfeiting, fraud, embezzlement, bankruptcy postponement, and debt slavery under universal logical natural law, it is strictly forbidden to exchange or trade the FWD for state-issued fiat currencies. Therefore, there are no exchange rates against fiat currencies or other types of money that can be acquired with fiat currencies.

Conclusion

Compared to state-issued fiat currencies such as the USD and the Euro, the Free World Dollar (FWD) is a truly freedom-enhancing, prosperity-increasing, and peace-promoting alternative, characterized by debt freedom, inflation protection, resistance to manipulation, blackout resilience, and decentralization. The FWD offers its users a stable, transparent, and independent real money payment system that overcomes the typical problems of fraudulent fiat money, such as debt, inflation, financial crises, and state power expansion. Especially for all true value creators in the real economy, the FWD is the ideal way to preserve and grow the value of their work and savings over the long term. Through the use of cutting-edge blockchain and radio mesh technology, the FWD is ideally suited to serve as honest market money in a truly social and free market society, providing productive individuals with a new perspective for a better economic future.