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Worldwide Futures Exchange Project (WFX) wants to bring the future to the present. WFX, composed of a Financial Exchange Ecosystem and TheSmithMatrix trading pattern, will allow every financial exchange in the world to place their exchange identified financial and commodity products on the same global WFX Distributive Ledger Technology, Artificial Intelligence, blockchain, edge computing, Dfinity computer technology platform and trading pattern. WFX will incorporate/domicile in Zug Switzerland and upon an injection of capital will develop a WFX prototype along with a WFX Global Trading Game for subscription to introduce TheSmithMatrix trading pattern to the world.
WFX Project Short Pitch - October 8, 2024 (W).pdf
WFX, in resetting the mathematical paradigm for global commercial pricing in a way that will lead to a revolutionary global barter system, intends to accomplish the following:
WFX will entice conventional exchanges and certain crypto exchanges, that are not presently operating on DLT software, to transfer their exchanges onto a more flexible, more secure, immutable, and less expensive decentralized DLT-AI platform. The proprietary SmithMatrix trading pattern is the foundation of the WFX Project and it will allow all financial and commodity exchange products around the globe to trade under a Digital Swiss Franc common denominator on the same platform. WFX will research the potential development of self-clearing or modified self-clearing to attempt to globalize the clearing process and reduce expenses.
WFX will:
1. Create the ability to transfer trillions of Dollars of daily global currency trading from over the counter to a regulated exchange via TheSmithMatrix.
2. Provide more accurate pricing and accurate hedges and thus better financial/product protection.
3. Allow hedgers to seamlessly spread or cross any two commodities or stocks with currency protection.
4. Create direct currency conversion without having to use the USD as an expensive intermediary.
5. Increase the depth and breadth of developing countries’ financial markets and give them access to the global stage.
6. Create an independent global digital currency (Ren) from eight major currencies which process is only made possible through TheSmithMatrix.
7. Dissolve the challenges of cross-boarder trading through TheSmithMatrix by revolutionizing and decentralizing the global clearing process.
8. Create a carbon emissions allowance futures contract that can trade simultaneously in 150-plus currencies or that can trade in one independent global commercial digital currency.
9. Create comprehensive financial data mining giving a continuous instantaneous glimpse of the status of the entire global economy.
10. Allow standardized values to be priced in terms of other standardized values. This will increase the non-fiat global money supply by monetizing global standardized values and will geometrically increase country GNPs across the globe.
11. Result in a new revolutionary global barter system priced by TheSmithMatrix.
The above is a huge challenge and something nobody to our knowledge is presently attempting. But WFX intends to creatively combine today's cutting-edge technology to make it all possible.
WFX Project Developmental Documents - October 8, 2024.pdf
Download this mutual NDA https://acrobat.adobe.com/id/urn:aaid:sc:US:5dee89f5-bd41-4afd-bad3-4ce2a0983d58 and fill out and sign and send to the email address below to receive a copy of the following WFX intellectual property or provide your own mutual NDA.
TheSmithMatrix
WFX Objectives and Specifications
WFX/TheSmithMatrix - Full Technology Document
WFX Spot Futures Contracts
SilverDollarCoin
WFX Developmental Schedule
Copyright 09-02-2023 by Richard Griffiths Smith Jr., Phone +1-609-954-5040 RGSmith@TheSmithMatrix.com All rights reserved.
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