Table of Contents
- Decentralized Autonomous Organization (DAO)
- Decentralized Finance (DeFi)
- Delta-Neutral Position
- Fair Market Valuation (FMV)
- Gross Domestic Product (GDP)
- Internet Economy
- Liquidity Pool
- Loan-to-Value Ratio (LTV)
- Mortgage Backed Security (MBS)
- Non Fungible Token (NFT)
- PRN Blockchain Notary and Title Registry
- Peoples Reserve Blockchain Oracle
- Peoples Reserve (PRN) Ecosystem
- Peoples Reserve Stablecoin (prUSD)
- Peoples Reserve Vaults
- PRN Marketplace
- PRN Utility Token
- Proof of Ownership
- Real Estate Tokenization
- Smart Contract
- Trapped Equity
- We The People
Decentralized Autonomous Organization (DAO)
An organization that eliminates human error or manipulation by placing decision-
making power into the hands of an automated system and a crowdsourced process.
The Peoples Reserve Marketplace DAO will at first serve as a simple
voting mechanism for community-based decisions for the PRN Ecosystem.
Eventually, Peoples Reserve goal is to create a fully decentralized DAO to
pass control and operation of the PRN Ecosystem to We the People, where it
properly belongs.
Decentralized Finance (DeFi)
Blockchain and smart contract ecosystems that offer peer-to-peer financial services.
Initially, Peoples Reserve will be partially decentralized in order to bridge the
traditional system to the digital system
Delta-Neutral Position
Portfolio position designed to even out (neutralize) a portfolio’s response to
market movements.
The strategy is used to maintain position value or limit the change of the
position’s net value to zero, regardless of market movements. This position
strategy is used in multiple Peoples Reserve products and services.
Fair Market Valuation(FMV)
The liquid price of an asset as determined by the marketplace (the price at which
an asset would immediately sell on the open market).
In the real estate marketplace owners are able to claim their property’s
“Tax Assessed Value”. This is a government appraised and approved value
for tax purposes. A property listed for its tax assessed value would sell
quickly (making it a liquid value) because tax assessments are undervalued
compared to prices in the open market.
Gross Domestic Product (GDP)
The total monetary or market value of all the finished goods and services produced
within a country’s borders in a specific time period.
As a broad measure of overall domestic production, GDP functions
as a comprehensive scorecard of a given country’s economic health.
The calculation of a country’s GDP encompasses all private and public
consumption, government outlays, investments, additions to private
inventories, paid-in construction costs, and the foreign balance of trade.
Exports are added to the value and imports are subtracted.
Internet Economy
An aggregate economy of the world with true free market policies governed by
computer code. The fastest growing and most productive economy in the world.
Peoples Reserve leverages the internet economy crypto credit markets for
traditional asset owners who wish to earn interest with their real-world equity.
Liquidity Pool
A crowdsourced pool of cryptocurrencies or tokens locked in a smart contract
that is used to facilitate trades.
Instead of traditional markets of buyers and sellers, many decentralized
finance (DeFi) platforms use automated market makers (AMMs), which allow
digital assets to be traded in an automatic and permissionless manner
through the use of liquidity pools. Peoples Reserve will launch multiple liquidity pools
including PRN/USDC, prUSD/USDC, and prUSD/USDT for true 24/7 free market liquidity.
Loan-to-Value Ratio(LTV)
An often used ratio as an assessment to lending risks and whether a lender will
extend credit to a borrower.
Peoples Reserve Crypto Credit Line clients can borrow with an LTV between
40-70%, depending on the client’s PRN Loyalty Level.
Borrowers are required to post more than sufficient collateral to cover the
principal plus interest therefore default risk is eliminated.
Mortgage Backed Security (MBS)
An investment similar to a bond that is made up of a bundle of home loans
bought from the banks/lenders that issued them. Investors in MBS receive
periodic payments similar to bond coupon payments.
Non Fungible Token(NFT)
A specialized type of cryptographic token that represents a unique digital asset
that cannot be exchanged for another type of digital asset.
The PRN Ecosystem facilitates the next evolution of NFT technology because
it enables minted NFTs to represent real world asset equity value that is interchangeable
with other forms of digital assets.
PRN Blockchain Notary and Title Registry
Digital asset services that enable real world asset owners to complete the proof of
ownership process and mint NFT equity in the PRN ecosystem.
Once terms of service are accepted and proof of ownership is verified, the
Notary and Title Registry services will mint the real-world asset as an NFT. The
NFT represents authentic ownership (title/deed) within the internet economy
and enables NFT equity to begin to earn interest.
Peoples Reserve Blockchain Oracle
An automated independent data system that maintains Peoples Reserve’s key
operating functions.
The Peoples Reserve Blockchain Oracle automatically records repayments and
also accounts for all transactions made by clients. Interest repayments, outstanding
balances, and up-to-date loan limits are automatically maintained at all times.
Peoples Reserve (PRN) Ecosystem
All products and services (EARN, BORROW, SPEND) offered by Peoples Reserve.
The term “PRN Ecosystem” is a reference to Peoples Reserve products and
services as a whole.
Peoples Reserve Stablecoin (prUSD)
The native stablecoin of the PRN Ecosystem.
prUSD is a 1:1 reserve backed stablecoin. Reserves consist of US Tresury Bills,
USD, USDC and USDT. prUSD is always redeemable for $1 and trades at a fixed
rate of $1 in the PRN ecosystem.
Peoples Reserve Vaults
An innovative product of the PRN Ecosystem that empowers traditional asset
owners to compound NFT equity earnings within the internet economy.
prUSD can be repositioned into a variety of different strategically
designed Peoples Reserve Vaults (prUSD Arbitrage Vault, Inflation Hedge Vault)
in order to increase earnings and yield potential.
PRN Marketplace
The place where We the People can claim proof of ownership of our real-world
assets as NFTs.
The PRN Marketplace bridges trapped real-world asset equity to the internet
economy’s digital grid as NFT equity. Imagine the PRN Marketplace as a cloned
digital grid of the real physical world. Unless you claim your ownership on the digital
grid then you cannot earn interest with that value within the internet economy.
PRN Utility Token
The digital token and currency of payment required for use of all products and
services provided on the PRN platform and within the PRN Ecosystem.
PRN utility tokens will give holders a wide range of benefits within the PRN
Ecosystem including loyalty privileges, discounted APR, and increased APYs.
Proof of Ownership
The asset ownership verification process completed through the PRN Blockchain
Notary and Title Registry services before real-world value is bridged to the internet
economy as NFT equity.
Peoples Reserve allows asset owners to depend on the PRN blockchain and
internet economy grid for the verification and truth concerning asset value
and ownership. The Bitcoin blockchain records value and ownership in a fraud
proof and trustworthy manner.
Real Estate Tokenization
The process of creating virtual tokens that represent ownership of a real estate asset.
Thus far, entrepreneurs have attempted to digitize traditional financial products
to offer digital asset owners access to traditional real estate investments.
However, Peoples Reserve focus is on creating new and innovative products,
services, and asset management solutions that offer traditional asset owners
access to the internet economy’s crypto credit markets.
Smart Contract
A self-executing code or protocol that carries out a set of instructions that is verified
on the blockchain. These contracts are trustless, autonomous, decentralized, and
transparent; they are irreversible and unmodifiable once deployed.
While smart contracts have several use cases, some of the most popular are
various financial contracts (loans, derivatives, trading). They can also be used for
legal contracts, identity management, and numerous other use cases.
Trapped Equity
Real-world asset value that cannot be accessed by the owner of the asset
without adding a liability such as a home equity line of credit (HELOC) or outright
selling the asset.
Owners of non-mortgaged/financed assets have no other option other than
borrowing against their asset, or outright selling their asset, to recognize
equity value. PRN lets owners claim their asset’s value in the internet
economy for use in the crypto credit markets.
We The People
The community of asset owners who wish to unlock the value of their real-world
assets to earn interest in the internet economy.
The official motto of Peoples Reserve.