Global Parity Valuation Engine
Welcome to Item Banc - the Fair Market.
Item Banc is an organization that operates like a a bank for items that people need; (BHN)- Basic Human Need Products.
We represent a deposit of BHN items in the bank using smart contracts on the Block Chain. The producers of these items deposit them physically at the Fair Market (Item Banc's BHN retail warehouse) and get a receipt (or note) for that deposit in the form of a cryptocurrency. This note can be redeemed again at the bank (the Fair Market BHN Warehouse) anytime. The note of deposit (the cryptocurrency) can also be transferred to another person to redeem. So, we operate like an item banc.
Item Banc publishes relative valuation information comparisons from Basic Human Need Products around the world so that exchange rates can be based on more relevant and fair information.
Item Banc supplies Basic Human Needs to communities. Item Banc Tokens/Crypto-Currency is backed by Basic Human Needs Products.
The global parity valuation engine's data makes the currency an Information Currency.
Item Banc guarantee's producers of Basic Human Needs payment in Basic Human Needs
This community managed by Item Banc offers its members a virtual place to meet, interact & share ideas respectfully with each other on topics of direct relevance to the Item Banc project; such as economics, valuations, basic human needs, trade, blockchain, cryptocurrencies, fintech, adoption, etc.
View our videos - https://lbry.tv/@ItemBanc:2?r=PG1vKSTRrpanawTqGfbbKUb3YYvTLuXC