Description of the Problem
Existing Problem: Detail of the Current Problem that Cryptocurrency Aims to Solve
The current economic system, based primarily on fiat currencies such as the US dollar, faces several significant challenges that affect both individuals and businesses:
Inflation and Loss of Value:
Constant inflation reduces the purchasing power of fiat money. This means that savings and income lose value over time, negatively affecting people's economic well-being.
Free Money Printing:
The ability of governments to print money without restrictions can lead to a currency devaluation and increase the national debt. This, in turn, can decrease confidence in the currency and lead to economic instability.
Lack of Financial Inclusion:
Many people around the world do not have access to traditional financial services due to various barriers, such as lack of banking infrastructure in rural areas or developing economies.
High Transaction Costs:
International fiat money transactions often involve high conversion fees and long processing times, limiting the efficiency of global trade.
Lack of Transparency and Security:
The traditional financial system can be opaque, with risks of fraud and lack of clarity in transactions.
Market Analysis: Analysis of the Current Market and the Need for the Proposed Solution
The current market shows a growing adoption of cryptocurrencies and blockchain technology as a response to the limitations of the traditional financial system.
Cryptocurrency Adoption Growth:
More and more individuals and businesses are adopting cryptocurrencies due to their benefits such as lower transaction costs, increased speed, and global accessibility.
Demand for Transparency and Security:
Users are looking for more transparent and secure solutions for their financial transactions. Cryptocurrencies, with their blockchain technology, offer a reliable alternative.
Need for Financial Inclusion:
Blockchain technology has the potential to provide financial services to unbanked people, improving financial inclusion globally.
Asset Diversification:
Investors are looking to diversify their portfolios and protect against inflation and fiat currency devaluation, increasing demand for cryptocurrencies as alternative assets.
Proposed solution
​How Cryptocurrency Will Solve the Identified Problem
SUCRE Protocol is a Unified Economic Creation and Reactivation System that aims to solve the current problems of the financial system through the use of cryptocurrencies and blockchain technology.
Inflation Resistance:
With a fixed supply of 1,400,000,000 tokens, SUCRE avoids the inflation that affects fiat currencies. This protects the value of users' assets over time.
Decentralization and Transparency:
By operating in a decentralized system, SUCRE eliminates dependence on centralized entities that can manipulate the money supply. Transactions are transparent and secure, thanks to blockchain technology.
Incentives for Holders:
5% of the transaction fee goes towards bitcoin buybacks, which are distributed among holders who own more than $50 USDT. This provides an incentive to hold and use the cryptocurrency.
Development and Marketing Support:
2% of the transaction fee goes towards marketing and development, ensuring sustained growth and wide adoption of the protocol.
Increased Liquidity:
1% of the fee is used to add liquidity, ensuring stability and ease of transactions in the market.
Contrast Dollar - Sucre:
Everyday Solution with Fiat Money (Dollar) and the Economy of Cryptocurrencies
Fiat Money (Dollar)
Inflation and Devaluation: The value of the dollar can decrease over time due to inflation and excessive money printing, which reduces purchasing power.
High Transaction Costs: International transactions can be expensive and slow due to conversion fees and middlemen.
Lack of Transparency: Transactions in the traditional financial system can be opaque and prone to fraud.
Financial Exclusion: Many people do not have access to banking services, limiting their participation in the global economy.
Cryptocurrency Economy (SUCRE)
Inflation Resistance: SUCRE has a fixed supply, which protects against devaluation and maintains asset value.
Low Cost and Fast Transactions: Transactions are fast and with minimal fees, facilitating global trade and financial inclusion.
Transparency and Security: Blockchain technology ensures that all transactions are transparent and secure, reducing the risk of fraud.
Financial Inclusion: Cryptocurrencies can reach unbanked people, providing access to essential financial services.