Market Overview

Summary Market Statistics

* All stats based on a snapshot taken on 12/3/2019

Crypto "Currencies":

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• Token / Currency Types: 2103

• Market Cap: $133,656,823,945

• Bitcoin Dominance Market Cap: 51.4%

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Crypto Exchanges:

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• Exchange Count: 243+

• 24h Exchange Traded Volume: $32,166,263,964

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Major Asset Classes:

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• Annual exchanged traded volumes of stocks: $78 trillion (x390 crypto).

• Annual exchanged traded volumes of bonds: $82 trillion (x410 crypto).

• Daily volumes of foreign exchange: $5 trillion per day (x1,660 crypto).

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The problem for the crypto community and the unbanked is that there is no platform which enables crypto holders (which includes the unbanked) to do crypto backed trading or investment in the major asset classes. Instead, direct investment in the world’s largest asset classes is restricted to the financial elite, the 0.01%. What if we could change that? What if any person on earth could invest their savings into the S&P 500 index by tapping their smartphone, with no middleman to extract fees?

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FreeMeX will enable crypto backed trading and investment in major asset class futures.

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Global Payments:

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There are greater than 140 global payment methods. The leading "Point of Sale" payment method is still cash but it's losing ground. eWallets are the leading eCom method and forecast to become the leading Point of Sale method by 2023.

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• eWallet: eCom 36% PoS 16%

• Cash: eCom 5% PoS 31%

• Credit Card: eCom 23% PoS 20%

• Debit Card: eCom 12% PoS 29%

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Global Remittance:

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Definition (WikiPedia): A remittance is a transfer of money by a foreign worker to an individual in their home country. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labour-exporting countries.

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• 2018 global remittance: $689 billion

• To India: $80 billion

• To China: $67 billion

• To US: $65.3 billion

• To Philippines $34 billion

• To Mexico: $34 billion 

• To Egypt: $26 billion

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Remittance is growing year on year and 15% of remittance in the US is estimated to already be happening by Bitcoin, despite huge price volatility. (ref link:

https://bitcoinnews.com/crypto-remittance-on-the-rise-more-than-15-done-through-crypto-in-us/ )

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Stable Coin:

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Stablecoins are an attempt to make a cryptocurrency with no price volatility, one which is therefore safe to hold, safe to make deals with, safe to price goods with.

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• Top stable coin by market cap: Tether

• Tether Market Cap: $2 billion

• Tether daily exchange traded volume: > $8 billion

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As a form of saving or store of wealth current stable coin offerings are very poor. These fall into 2 categories, namely asset based (Tether, TrueUSD, USDCoin, Paxos Standard) and algorithmic (USDX, MakerDAO, Havven, Basecoin). The algorithmic solutions fail in that many say they are merely delayed Ponzi-schemes that collapse when users cease believing that they won’t collapse (ref link: https://www.ccn.com/bitusd-divorces-wildly-from-1-target). The asset-based solutions, although functional, suffer from the following problems:

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1. ​Verification of funds. Nobody knows for certain if the company actually holds the assets they say they do.

2. Supply is not sufficiently responsive.

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Stablecoins like Tether can be attacked by sudden selling, to decrease confidence (ref link: https://www.theblockcrypto.com/2019/03/12/price-war-a-new-type-of-attack-on-stablecoins/)

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Both types suffer because they do not pay interest. They are therefore no use for saving and non-stable coins are too volatile for saving.

Crypto therefore is a poor second cousin to fiat - until now... FreeMeX will change this by synthesising the world’s fiat currencies.

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