Indigenous Crypto Economy. Earlier today, Global Treaty Bank finally announced the newest version of its programmable KITES system guided by the 7 primary layers of the universal crypto asset framework. KITES in an Indigenous context means keeping, investing, tithing, exchanging, and saving all packaged as value transfer services. Many of these elements face over two and half centuries of legislative gravity as proven by the community well-being (CWB) index. The CWB index can be found at the now named Indigenous Services Canada, formally known as the department of Indian Affairs of the Canadian government.
These five elements of KITES require defining because they are related to the business of an Indigenous crypto economy. An Indigenous crypto economy that is decentralized, with a fixed supply, and is transferable. We are releasing our new service KITES, which has been in development since May 2017. The main aim is to give Indigenous peoples an opportunity to get involved in their local crypto economy at their convenience and readiness… but it does so, with a difference. The difference being the relationship of deployment of latent asset (chattel) class potential at the local community level.
Guy Dumas, Founder/CEO at Global Treaty Bank, says: “We wanted to expand on the idea of an Indigenous crypto economy. An Indigenous Crypto (property) Economy that not only puts funds to work but also educates and encourages a very different relationship with money and currency on lands reserved for Indians. Something Indigenous peoples have been legislatively denied for over 258 years. We are releasing our new service called KITES service. The difference between keeping and saving is distinct in meaning under the KITES system. The other words of invest, tithe, and exchange are common terms known and understood based on current definitions.
Anyone familiar with Indigenous peoples will probably have noticed how everyone else seems to be focusing on one or two aspects of the crypto universe such as investments and usage case-utility. This is certainly the case in the broader markets. Bitcoin as the largest asset class has experienced unprecedented growth in the last five years. What happened to cause this? The second layer supports the operation of cryptocurrency of the first layer. DeFi, Synthesis, Stable Coins, Exchanges, and Chatteling are all growing exponentially.
Crypto investing and utility usage have another related element involving interoperability. This evolving third category called interoperability is important for the transactions to work. There are many units or departments at the local levels that will require interoperability in its various forms. Several companies are already offering solutions in the space. Nevertheless, this is equivalent to the 258-year problem Indigenous people have faced by being left out (designated inoperable) of the global, regional, and local financial and economic arena for 0ver 258 years.” 258 years is a long time. More than enough time to establish deeply conditioned scarcity, and certainly not prosperity.
So as a welcome breath of fresh air, Global Treaty Bank will instead respectively on-board Indigenous peoples at their own pace without any fear or scarcity measures or tactics to motivate anyone to act. Global Treaty Bank chose to make this move because Non-indigenous peoples don’t know the truth about the legislative gravity that hold (and continue the designated inoperable status) Indigenous peoples hostage to the whims of the Federal and Provincial (colonial) governments.
Guy Dumas also said, “We want to help faciliate economic freedom and iteration. Transfer payments seen all too familiar and are based on fiat currency. When their fiat collapses, they’ll take everyone with them in their fiat implosions. Technology (and mindset) has enabled our new service KITES, new possibility. We strive to learn, earn, and discern…guided by KIISEAYAK-teachings when using our service. Trying something new is always a risk, but it’s a risk we believe is worth taking.”
Global Treaty Bank has been in business for four years, being established in May 2017. Since Day 1, GTB has always aimed for a vibrant Indigenous crypto economy. An Indigenous crypto economy will elevate the quality of life of Indigenous peoples on their own terms.
This isn’t the first time Global Treaty Bank has defied convention either. In May 2017 they caused a stir when forced to change the name from International Treat Bank to Global Treaty Bank because the State (colonial) government didn’t understand or will never support Indigenous sovereignty. Most colonial governments still won’t. They’ll give lip service more often than not to the idea but will not go out of their way to make it a reality any time soon. We have to. They’ll be happy if we continue grovelling on our own lands. However, we chose to learn, earn, and discern with crypto assets that are in front of us.
We have released KITES on May 2021. To find out more about the service and Global Treaty Bank, feel free to visit https://treatybank.com
Release ID: 89011860