What is ieUnit?
In short: a neutral measure of value.
Today we almost always measure value in a single unit – usually the US dollar. The problem: the dollar itself moves constantly, loses purchasing power, rises and falls. If you think in one currency only, you barely notice. Look beyond it, and you see the distortion.
ieUnit does not use a single unit as its measure but the average of the nine most important value units worldwide – currencies, crypto assets and precious metals. As a result, ieUnit moves more calmly and more fairly than any single value.
ieUnit in one sentence
ieUnit is a neutral value reference unit: the geometric mean of nine equally weighted value units (USD, EUR, JPY, CHF, CNH, Bitcoin, Ethereum, gold, silver), normalised to a starting value of 1.00 on 10 January 2017.
What ieUnit deliberately is not
Not a currency. You cannot pay with ieUnit. It replaces no money and creates no economic cycle of its own.
Not a stablecoin. ieUnit has no target price and no peg. Nobody defends a rate. ieUnit is allowed to move – that is intentional.
Not a steering tool. ieUnit does not intervene in markets and does not try to influence anything. It only reflects what happens in the markets. Exactly this restraint makes it credible.
Balance instead of extremes
If a single value soars or crashes, it hardly moves ieUnit – it is just one of nine. The result is a value that smooths out the exaggerations of individual markets instead of being at their mercy.