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American Crypto Fed D.A.O. comes to Wyoming

Published: Jul. 5, 2021 at 6:44 PM CDT
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CHEYENNE, Wyo. (Wyoming News Now) - If you’ve heard about BITCOIN or DOGE, you’ll know that although invested in, in the market, it has yet to help you buy a hot-dog in the real world.

Unlike federal F.I.A.T. paper currencies, the American Crypto Fed is the first decentralized autonomous organization (DAO ) a legal cryptocurrency, recognized by the state of Wyoming, the U.S., and the world.

Backed by the Secretary of State and Gov. Mark Gordon, Wyoming is the first to headline this new currency that could modernize how all business is done.

“What this is all due to is the innovation and forward thinking of our state legislatures. They have been working on this for years and again, really adopting this legislation and we really believe it will put Wyoming on the map, we’re seeing it today.”

Secured and backed by Blockchain technology, this DAO currency will introduce zero inflation or deflation to purchases and no-cost transaction fees for customers and merchants.

It will stabilize the currency and be immune to government votes on changing resource values as a separate entity.

“Ideally we’ll see more money put into the coffers of local governments in a way that then allows them to hopefully, fill more potholes and do more kinds of projects, without having that cut into their profitability if you will of that transaction.”

The first to establish LLCs in 1977, Wyoming is again leading the economic and business frontier with this Blockchain tech currency. Protected against money laundering, it verifies and locks the identity of all customers.

“Which is really going to be the hub for the way all kinds of transactions in every sector follow through , be it healthcare, construction projects. It really is a technology that emerging but it’s very large.”

Wyoming is already a hub for data centers and tech-savvy industries. This currency can help transition the mineral sector-dependent jobs into future sustainable tech jobs.

The American Crypto Fed will also be launching their own currencies soon, the Ducat and Locke, which are still being organized with federal regulators.

" I absolutely believe that crypto currency is the economy of the future. When you have a new monetary system, that can absolutely control zero inflation, zero deflation, and not charge consumers or merchants for those transaction fees, I think that’s the new economy.”

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