Sögur, formerly known as Saga, aims to provide a global digital currency that acts as a store of value, a unit of account, and a medium of exchange. It is not impacted by any single nation state agenda and complements national currencies. And it is governed by its holders.

The SGR is Sögur's digital coin. It's built to provide a self-sustaining, democratic and global currency. It uses a bonding curve market maker, which is modelled to control and mitigate volatility exposure and value loss when market conditions are fast-changing and unpredictable. All whilst creating an opportunity for sustainable intrinsic value growth. SGR holders are the currency decision makers, and enjoy democratic voting rights over how SGR operates now and as it continues to evolve.

Sögur is interesting as it starts off looking like a stablecoin, but as the market grows it departs from its peg to become a free floating currency. It is currently pegged to the SDR (Special Drawing Rights). Deposits are held in FIAT reserves and as demand for SGR increases, the reserve ratio decreases. This causes the relative price to go up.

Ido Sadeh Man is chairman of the board and founder of Sögur. He joins us on the show to discuss the background of the project and what it is hoping to achieve, and an in depth look into the monetary policy of the SGR. He also talks about the impressive team and advisory board that is behind the project.

Topics covered in this episode:

• Ido's background and how he got into crypto
• Why the time is right for Sögur to have a positive impact
• Centres of stability on a global scale
• What Sögur is and what problem it solves
• How it works as a stablecoin
• The economics of the Sögur (SGR) currency
• The connection to the SDR (Special Drawings Right)
• Redeemability of reserves
• Why Sögur was built on Ethereum and not its own blockchain
• The effects of limitations and gas fees
• Will SGR bridge to all networks?
• The bonding curve model
• The governance structure of Sögur and the smart contract itself
• Stake-based voting vs participant-based voting
• Where reserves are held
• The team of investors backing Sögur
• The effects of changing regulations on Sögur
• The long term vision for Sögur

Episode links:

• Sögur Website
• Sögur Monetary
• The Voting Mechanism
• Sögur on Medium
• Sögur on Twitter
• Ido on Twitter

This episode is hosted by Sebastien Couture.  This podcast episode was sponsored by Sögur.