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Mete®   versus fiat Money & CBDC

 

⚖️ Mete® Coin versus Traditional Money and CBDCs

Mete® Coin is a unique digital currency designed to function as a stable, interest-free medium of exchange, contrasting with traditional fiat money in several key aspects. Here’s a comprehensive comparison:

Feature

Mete® Coin

Traditional Money & CBDCs

Issuer

The Mete Foundation®, a private, non-banking organization.

Central banks (e.g., Federal Reserve, European Central Bank).

Backing

Standardized promissory notes and assets converted into Mete® via the Mete Wallet® system.

Government-backed, often supported by economic output and reserves.

Interest

Completely interest-free; designed to eliminate debt-based financial systems.

Interest-bearing; central to lending and credit systems.

Exchange Rate

Fixed at 1 Mete® = 1 USD (as of December 29, 2020); all national currency rates are pegged to USD.

Fluctuates based on market dynamics, monetary policy, and economic indicators.

Usage Scope

Primarily for national and corporate investments; also aimed at daily consumer transactions.

Universal; used for all types of transactions, from daily purchases to large-scale investments.

Distribution

Allocated to individuals, corporations, and governments through the Mete Wallet® secured blockchain system; involves submission of promissory notes.

Circulated through banking systems, ATMs, and digital platforms; distribution controlled by central banks.

Governance

Managed by the Mete Foundation®, which oversees issuance and ensures adherence to its economic principles.

Governed by national monetary authorities and subject to governmental policies.

Monetary Policy

Aims to create a closed-loop, debt-free economy; focuses on stability and equitable asset distribution.

Utilizes tools like interest rates and reserve requirements to manage inflation, employment, and economic growth.

Transparency & Control

Operates within a proprietary system (Mete Wallet®); transparency depends on the Mete Foundation®’s disclosures.

Subject to public reporting, audits, and regulatory oversight; transparency varies by country.

 

✅ What’s Good About Mete® Coin (Compared to Others)

Mete® Coin positions itself differently from typical cryptocurrencies, aiming to act as a “sovereign-grade financial instrument” rather than just a retail-focused digital asset. Here’s a balanced comparison of what’s potentially good about Mete® Coin versus other cryptocurrencies — along with caveats:

Feature

Mete® Coin

Other Cryptocurrencies

Sovereign Use Focus

Designed to work with governments (e.g., Kazakhstan, Tanzania, Cambodia) for national financial reforms

Most coins focus on retail (BTC), DeFi (ETH), or metaverse/gaming (MANA, AXS)

Asset-Backed Claims

Backed by real-world assets (e.g., gold, silver, bonds)

Many coins are volatile or not asset-backed at all

Stability Aim

Described as a “digital bond coupon currency” — aimed to preserve value

Many cryptos are highly volatile and speculative

Sovereign Partnerships

Mete Foundation® is working directly with governments and NGOs for infrastructure development

Rare among most cryptos unless it’s a CBDC

Capital Accounting

Corporations can list it as capital (on balance sheets)

Most tokens aren’t accepted in formal accounting

Humanitarian & Development Utility

Marketed as a tool for humanitarian financing and national development

Rarely the primary goal of most crypto projects

Key Points:

  • A stable, asset-backed digital bond used for public finance and development

 

  • A tool for governments and corporations to digitize and manage financial flows

 

  • A currency with humanitarian and sovereign-grade applications

 

Use Cases and Adoption

  • Mete® Coin: Designed for structured investments and development projects. For instance, the Mete Foundation® has allocated significant amounts of Mete® Coins to governments like Cambodia and Tanzania to support financial system restructuring and humanitarian initiatives.
  • Traditional Money: Serves as the primary medium for all economic activities, including consumer spending, business operations, and international trade.

 

Conclusion

  • Mete® Coin represents an alternative monetary system aiming to address issues like interest-based debt and economic inequality. While it offers innovative approaches to asset-backed currency and investment funding, its adoption is currently limited to specific projects and regions.

 

  • If you’re interested in exploring Mete® Coin further or considering its applicability to specific projects, it’s advisable to consult with financial experts and review detailed documentation provided by the Mete Foundation®.

 

METE COIN® PRODUCTION AMOUNT WITH ASSET CONVERSIONS; 4.500.400.000.000 USD

AMOUNT OF METE COIN® IN USAGE; 54.332.570.300 = 54.332.570.300 USD (LIVE BROADCAST)

COUNTRIES AND STATES WHERE METE COIN® IN USAGE;   (LIVE BROADCAST)