Inflation Adjusted EURO (IEUROS)

The core thesis of the Spice Trade protocol is that, there's a massive need for a decentralized, on-chain, open-source, value-stable, scalable, modular, cross-chain, and capital-efficient system for trade among people of the world. Furthermore, such a system should have deep, long-term, and protocol-owned liquidity to reduce friction and maintain tight pegs. It is our belief that creating such a system brings us one step closer to creating a more peaceful and prosperous future for mankind. The first step in building such a system is to re-think 'money' based on the following principles: On-chain and decentralized: Reduce custodial risk. This stands in direct contrast to centralized stable coins that may have significant custodial risk. Value-stable: Frictionless trade requires using money whose value does not significantly fluctuate. Value stable is a relative term. For example, depending on the use case, the best money should be designed to be stable relative to national currencies (Such as USD or Euro), a basket of currencies, an inflation adjusted currency, in-game virtual currencies, reward points (imagine a stable coin that traces a hotel or airline point system on chain) etc. The Spice Trade platform allows building appropriate on-chain decentralized money for all these use cases. Scalable: Money is a tool of trade. The last thing a successful trade network needs is friction in scaling its monetary system. Modular: As we will demonstrate in the rest of this whitepaper, the Spice Trade protocol is fully modular to accommodate both immediately predicted needs as well future unknown use cases. Open-Source: Creating an open-source ecosystem where anyone with a good idea can contribute and build on top of the Spice Trade protocol is one of our core values Capital-Efficient: While over-collateralized on-chain stable coins pioneered the non-custodial money movement, we believe they will play a relatively smaller role in the future of money.