The UNIT (token) is a unit of account of the UNIT ecosystem, representing a proportional share of the underlying UNIT basket, which contains 40% gold and 60% BRICS+ currencies, freely exchangeable into gold. Each UNIT token is a fully fungible currency unit.
The intrinsic value of the UNIT is derived from the current value of the basket of underlying assets, measured in gold. The economic value of the UNIT token is determined by the supply and demand. The supply and demand are determined by its use as medium of exchange or as a storage of value.
The UNIT ecosystem operation is guided by the UNIT rule-book.

It is an open platform which may accommodate various economic agents: sovereign, private, public or state-owned.
The UNIT is designed primarily for free economic agents rather than governmental institutions, especially where one or both parties have constrained access to international payment systems. Thus, the UNIT ecosystem effectively addresses problems of traders engaged in cross-border trade.

The UNIT also alleviates the problems of related governments as local authorities may choose to actively use the UNIT ecosystem in various ways: acknowledge UNIT as an eligible currency for cross-border trade, set up sovereign UNIT node(s), accept tax and custom payments in UNIT tokens, promote the UNIT ecosystem in general.
We do not anticipate UNIT becoming the legal tender. The UNIT is complementary to an alternative of local currencies and convenient for transactions; but the local currencies remain sovereign source of credit.

The main goal of the UNIT is to be a new apolitical alternative global currency for all economic agents.
The UNIT ecosystem makes global trade and capital flows more resilient to external non- economic interferences. It offers a convenient and stable global alternative within existing financial infrastructure. It allows unimpeded use of its apolitical money for trade and capital transactions via any open payment and clearing system.
Our approach is unique, but it synthesizes many concepts developed earlier. We hope that our efforts will contribute to making the World a better place to co-exist and co-develop and will serve the generations to come.

The UNIT token is not a cryptocurrency because its intrinsic value is determined by a basket of underlying assets, which includes 40% of gold and 60% of BRICS+ currencies backed by certain reserves and freely exchangeable into gold.
The UNIT ecosystem relies on distributed ledger technology (blockchain).
Once the UNIT tokens are minted and the nodes of the network are synchronized, they are completely fungible and can be used as any fiat currency: a simple account-to-account transfer using existing banking infrastructure should suffice.

The UNIT token is not a stablecoin, since its intrinsic value is not directly linked to any asset, but depends on the composition and total value of the basket of underlying assets, which will fluctuate. This fluctuation is driven, among other factors, by the number of UNIT tokens issued and the dynamics of changes in the value of each of the underlying assets.
In principle, market value of the UNIT shall be determined by supply and demand only. Beyond the initial period, the market value will oscillate about the value of the underlying basket of assets, driven by supply and demand.
The main difference between UNIT token and a stablecoin is that the UNIT does not have the reverse conversion mechanism (and a key attribute of a stablecoin is the no-arbitrage mechanism for reverse conversion of a stablecoin into the underlying resource that was used to create one).

Conceptually, UNIT differs from CBDCs in four regards:

1. UNIT is decentralised through use of distributed ledger technology
2. UNIT’s value is anchored in 40% gold and 60% BRICS+ currencies
3. UNIT is apolitical by nature and cannot be burdened by government debt or any other liabilities
4. UNIT is fully fungible