Special Drawing Rights

Special Drawing Rights (XDR) is a digital token on BSC backed by cryptocurrencies provides individuals and organizations with a robust and decentralized method of exchanging value. The innovation of blockchains is an auditable and cryptographically secured global ledger. Asset-backed token issuers and other market participants can take advantage of blockchain technology, to transact in decentralized, relatively fewer volatile currencies and assets. To maintain accountability and to provide proof of funds, we implemented smart contracts and a Decentralized Autonomous Company system to prove that issued tokens are fully backed and reserved at all times. How does Special Drawing Rights (XDR) work? Special Drawing Right (XDR) is based on Binance smart chain and fully backed by a weighted basket of major cryptocurrencies running on a DAO smart contract to provide proof of fund. What make Special Drawing Rights (XDR) special? We have the lowest management fee then other cryptocurrency funds, and since XDR is running as a DAO on BSC, we have highly transparent funding. Also part of the assets will be used to create liquidity in DEXs and earn interest. What is the weights of each cryptocurrency? The weights assigned to each cryptocurrency in the XDR will be reviewed weekly and the composition of the basket of cryptocurrencies will be reviewed monthly. How much is the management fee? The management fee of XDR is 0.13% pa, the fee will collect by minting 0.0025% of the circulating supply of XDR per week, the lowest in also cryptocurrency funds.