Sphinks Token (Sphinks) is the initial version of the Sphinks Project; it is designed to be a new form of sound money with zero reliance on traditional systems and trusted third-parties. The real power and benefits of cryptocurrencies stem from high levels of transparency and decentralization; Sphinks combines these with a form of governance and token issuance that allows for efficiency without compromising either.
Sphinks is initially pegged to the U.S. Dollar, though has the capability to transition to a new form of a stable system that has no susceptibility to hyper-inflation or reliance on underlying commodities.
The project focuses on harnessing open and decentralized technologies to provide user-friendly monetary systems with next-gen features. It aims to provide private accounts and transactions, smart contracts, fee-less and near-instant transactions, zero reliance on traditional systems and trusted third-parties, high-throughput for global merchant and consumer adoption and a decentralized exchange with negligible exchange fees.
Please note that the token issuance system (via the wallet) is currently unavailable to persons with an IP within Australia.
More information: http://sphinks.org/
FAQ: http://sphinks.org/faq/
Whitepaper: http://sphinks.org/whitepaper/
