01

Today's financial system is old and outdated, leading to inefficiencies, fraud, and rigidity that exclude a large portion of the global population and impose unnecessary costs on us all. For the first time, blockchain technology enables the development of a private currency with its own monetary policy rules and mechanisms.

02

There are numerous technologies, cryptocurrencies, and new payment systems available, yet many are still operating within the confines of the old system. Why? There is a reluctance to adopt a new system, driven by concerns about volatility and a lack of widespread adoption. For a new financial system to gain traction, addressing both of these issues is crucial.

03

While blockchain has opened up opportunities for private money networks, current cryptocurrencies grapple with volatility. 99% of cryptocurrencies adhere to the same fixed supply structure imposed by Bitcoin. This approach has resulted in significant growth in the number of cryptocurrencies but has also brought about substantial volatility. In contrast, central banking is a well-researched and globally implemented field that has achieved stability, especially in the Western world. The challenge with central banking lies in the human element, where political interests often exert influence.

04

We're aware that past cryptocurrencies, like Terra’s algorithmic stablecoins, have aimed for stability, while Western economies have experienced instability due to human decision-making. What if we could amalgamate the strengths of blockchain and central banking to forge something novel—something decentralized in decision-making yet stabilized.

05

To entice the global population to join a new financial ecosystem, we look at the total population in terms of their affinity to take on risk of a new idea. To make this happen, an incentive to reserve the future currency is offered. The benefits decrease as more people join, encouraging early adoption without any upfront financial commitment.

06

Explore the details in our knowledge base, FAQs, and economic models to understand how Kelp is not just a new currency but a comprehensive approach to building the next financial system.