In recent years, the IMF have started encouraging economies around the world to shift away from cash and use digital currencies. As a result, many central banks of China, Cambodia, Canada, Australia, Russia, Sweden and many more have been proactively researching and developing a digital currency.

Source: CoinDesk

IMF's discussion report on Digital Currencies "Casting Light on Central Bank Digital Currencies" outlines the standards and that Digital Currency Platforms require in great detail. We will be going through how EXC meets ALL standards and why it could be IMF's most ideal Digital Currency platform.

IMF's View on Digital Currencies

The views of IMF on Digital Currencies are as follows:

  • As technology changes the world in unprecedented speed, we must also evolve and adapt to the technology.
  • Money is undergoing tremendous change and central banks should start considering to digitize their currency.
  • Central banks around the world including Canada, China, Sweden, Uruguay are seriously considering to digitize their currency.
  • Payment providers such as Alipay and WeChat in China, PayTM in India, and M Pesa in Kenya have succeeded in identifying and supplying the demands of their citizens

When planning to implement digital currencies, it is important to consider these 3 major issues:

  1. Easily usable and accessible for people living in remote areas
  2. Security and User Protection
  3. Privacy Protection

And the 3 risks:

  • Impact on the Financial System
  • Impact on Financial Stability
  • Innovation Risk

The Ideal system for cryptocurrencies and fiat currencies

As you can see from IMF's report, Cryptocurrencies and Fiat Currencies have the same idela system including:

  • High Security
  • Resistant to Cracks from Quantum Computers
  • Large Volume and Value transactions at a low cost
  • High Convenience

In other words:

  • The ideal digital fiat currency is the same as the ideal cryptocurrency system with a fixed exchange rate
  • The ideal cryptocurrency system is the same as an ideal digital fiat currency with a floating exchange rate system.

Digital currency Standards Advocated by the IMF

Page 10 of the IMF report summarizes what currency format will be selected as the new digital payment system.

This can be classified into 3 categories:

  1. Maximising the Benefit

This includes Liquidity, Scalability (payment of any size), Acceptance (payment available to anyone from anyone), Extra

2. Minimizing Cost

Such as transaction fee and privacy protection

3. Minimizing Risk

Fast payments to reduce economic risk for consumers

Criteria in terms of Store of Value:

  1. Maximising Benefit

Returns such as nominal interest payments

2. Minimize Risk

- Theft: Ability to reverse fraudulent transactions, exposure to fraud/cyber risk
- Loss: Ability to claim ownership or recover access if lost
- Default: of the money issuer

The above is the standard of the digital currency platform advocated by the IMF.

Does EXC Meet IMF's Standard?

Long story short, EXC meets all the criteria of the IMF

According to Excor Ltd., EXC follows 4 principles:

4 Principles

  1. Minimize operating costs, including energy consumption.
  2. Security measures assuming the development of quantum computers (patented technology)
  3. Creation of option value (buying operation) in addition to the value storage function (already patented)
  4. Evolution of the EXC platform along with technological innovation

Definition of a Currency

IMF advocates how the 3 requirements for money is:

  1. Store of Value
  2. Unit of Account
  3. Medium of Exchange

While most cryptocurrencies including Bitcoin only satisfies the medium of exchange, EXC satisfies all 3.

Operation Cost

The cost of operating a currency system can be generally calculated by adding the server cost, power cost and labour cost.

EXC can settle the transaction of 3 billion people with just 100 servers while consuming only around 7kw/h.

With only 1 server, EXC can conduct high-speed settlements with or within 0.2 seconds, meaning that it can make more than 200 million transactions per day worldwide. On average, EXC only consumes around 70 watts of energy, meaning that it is the most ecological payment system in the world.

Within two years, it is planning to develop an AI system that completely eliminates human interference.


The patent for EXC's security measures has been obtained in April 2018.

This patented security system has extremely high resistance to cyber attacks even when faced with quantum computers through a 3-way database authentication system where three different databases constantly check each other.

In addition, it is expected to obtain an Evaluation Assurance Level of EAL6 or higher, which is the global standard for security measures. Since it an ID is attached to each token, it is 100% traceable and can be recovered even if it is stolen. This mechanism also prevents money laundering.

Store of Value

EXC tokens are issued by the GMF (Global Monetary Foundation), where GMF is essentially a digital version of the IMF.

It also acts as a digital central bank that runs on a server. While the IMF has 2500 employees, GMF will have 0, thus have a low operation cost.

Creating Value for Options

While there is no limit to the upper price EXC tokens can reach, it will not go below 50% of its peak price due to the systems purchase operation thus the probability of gaining profit from FX trading is asymmetrical compared to all other currencies.

In other words, EXC tokens are creating value for options and the probability of winning when you buy EXC tokens always exceeds 50%.

As the number of people who use the EXC platform increases, the cost per transaction will approach zero. In this respect, cryptocurrencies such as Bitcoin that requires mining is the complete opposite, and the cost per transaction increases as the number of users increases. Therefore using the EXC platform can reduce social costs by several to hundreds of times compared to using cash or other forms of currency.

EXC can also be used multilaterally, such as the Euro, and is designed so that each country can issue their own currency (on the EXC platform) while enabling countries to conduct monetary policy.

EXC is the only digital currency that meets IMF standards

EXC has been designed carefully to meet all IMF-suggested standards and criteria. Needless to say, other cryptocurrencies do not meet the criteria of the IMF's report as mentioned at the beginning. As security is one of the most important criteria which majority of the cryptocurrencies (including bitcoin) don't have and AI traders bet on the side with over 50% probability of winning, we are very confident that majority of the market capitalisation of many cryptocurrencies will be relocated to EXC.


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