How STATOK Works: One Token, One Dollar
STATOK follows the model that made dollar stablecoins the most used digital assets in the world: every token in circulation is meant to be covered by reserves of equal value, new tokens are created only against deposited dollars and destroyed when they are redeemed. This guide explains how minting, redemption, reserves and public reporting fit together.
The Principle: 1 STATOK = 1 US Dollar
STATOK is designed as a fiat-backed stablecoin. Its goal is simple: one STATOK should always be worth one US dollar. Unlike cryptocurrencies whose price is set only by the market, the value of STATOK is anchored by reserves held for its holders and by the right of verified customers to redeem tokens for dollars at a fixed ratio of one to one.
The number of tokens in circulation is never meant to exceed the value of the reserves.
Minting: How New Tokens Are Created
New STATOK tokens appear only when someone deposits dollars. A verified customer – typically an exchange, a payment company or a business – sends US dollars to the issuer. After the deposit is confirmed, the same amount of STATOK is minted on the blockchain and delivered to the customer's wallet. The deposit becomes part of the reserves.
There is no other way to create tokens. There is no mining, no pre-sale and no supply that is not covered by assets.
Transfers: Digital Dollars on Open Networks
Once minted, STATOK moves like any other token. Holders can send it to any compatible wallet, at any time, usually within seconds and for a fraction of the cost of an international bank transfer. Exchanges, merchants and applications can accept it as a stable means of payment and settlement.
STATOK is planned to be available on several blockchain networks, so that users can choose the network that suits them best in speed and fees. The total supply across all networks is always counted together and compared with the reserves.
Redemption: How Tokens Return to Dollars
A verified customer who wants dollars back sends STATOK to the issuer. The tokens are burned – permanently removed from circulation – and the same amount in US dollars is paid out from the reserves to the customer's bank account. Supply and reserves fall by exactly the same amount.
The guaranteed path between token and dollar is what keeps the price stable. If STATOK traded below one dollar on the market, buying it there and redeeming it at full value would be profitable; if it traded above, minting new tokens would be. Both forces push the market price back to one dollar.
Reserves: What Stands Behind Every Token
The reserves are intended to consist of highly liquid, low-risk assets:
- Short-term government bills – debt with maturities of a few months, which can be sold quickly.
- Overnight reverse repurchase agreements – very short loans secured by government bonds.
- Cash and bank deposits – held at several banks for immediate redemptions.
- Excess reserves – a buffer above 100 % that absorbs fluctuations.
Reserves are kept separate from the operating funds of the issuer, so that they serve only one purpose: covering the tokens in circulation.
Transparency: Trust That Can Be Checked
A stablecoin is only as strong as the confidence of its holders, and confidence needs evidence. STATOK is planned to publish:
- the total supply on every network, readable directly from the blockchain at any moment,
- a regular reserve report showing the composition and the total value of the reserves,
- independent attestations confirming that the reserves cover the circulating supply.
Security and Compliance
Minting and redemption are available only to verified customers who have passed identity checks, which is how regulated stablecoins prevent misuse. The token contracts can freeze addresses connected to proven fraud or theft at the request of authorities, and key operations require approval by several people. Identity verification within the PROSPERIC ecosystem can be supported by IDETOK, its tokenized identity project.
What STATOK Is Not
STATOK is not an investment product. It is not designed to grow in value and holders do not receive interest from the reserves. Its purpose is to be a stable, fast and transparent digital form of the dollar – for payments, transfers, trading and the PROSPERIC ecosystem.
STATOK is currently in preparation. The exact terms of minting and redemption, the networks at launch and the reporting schedule will be published before the launch.
