Currency tokens

Currency tokens – the Autentic ecosystem is to issue currency tokens of EIP-20 standard, which will reflect the amount of fiat cash in Autentic bank accounts in different currency locations. The tokens will be issued at a 1:1 ratio based on a PoR (Proof of Reserves) consensus in conjunction with a financial audit aimed at confirming the availability of funds according to the number of tokens issued in Autentic's accounts. Currency tokens will be used as key components in the programming of smart contracts, as internal units of accounting, settlement, investment within the ecosystem, transfer of funds and payment for goods and services via Autentic PAY. Depositing and withdrawing, as well as exchanging and redeeming currency tokens for real funds will be done through smart contracts. Contract readiness – 100%.