We believe there is a need for an independent, non-national currency that relies on minimal telecommunication technology or financial infrastructure: one that promotes the global economy and serves as a store of value that is not tied to any single country or territory, yet still retains an indirect connection with mainstream fiat currencies. Bearing this in mind we have worked tirelessly over the past few years. Some key milestones are:

2017 - Feasibility

The idea to digitise the Special Drawing Rights was born in 2017. After a few years of informal discussions and research, the Special Drawing Rights Coin project entered its initial project project discovery phase in early 2019. It was at this pivotal juncture that the Special Drawing Rights would eventually be used to formulate a decentralised finance (DeFi) instrument now known as the Special Drawing Rights Coin (SDR coin).

2019 - Whitepaper

Whitepaper version 1.0 was completed and critiqued both internally by team members and externally by private investors and angel and venture capital funds. Several edits were considered due to the speed at which the blockchain world was advancing.

2020 - Backing

Just as the world was descending into the Covid chaos, the Special Drawing Rights coin (SDR coin) project received its first angel funding. The funding was hard won because the SDR coin team wanted to differentiate this historical project from so many other blockchain contenders. Ultimately the angel investors agreed to hold just 6% of the total SDR coin supply for which the freeze period is 7 years (until August 2028).

2020 - Fiat Gateway

Special Drawing Rights coin was granted fiat 'on-ramp'. With many countries passing stringent legislations on blockchain and more specifically the cryptocurrency eco-systems, our partnership with SendWyre and ApplePay goes to show our seriousness in fostering a genuine 'De-Fi' instrument.

2021 - Pre-ICO (MENA)

Special Drawing Righst coin will launch its Pre Initial Coin Offering (Pre-ICO) in the Middle East only. This was under careful consideration because we have earmarked proceeds for regional children's charity. Over the past twenty years, children from this region have faced hardship greater than anywhere else and we hope our users can become direct sponsors of children's wellbeing through SDR coin.

2021 - Pre-ICO

After our regional Pre-ICO launch in the Middle East, our Pre-ICO will open in December 2021 for the rest of the world to join.

2022 - ICO

Special Drawing Rights coin's Initial Coin Offering (ICO) will go live in Spring 2022 at which time all remainder SDR coins will be disbursed in small proportions so no major 'whale' holders are created. Any SDR coins locked in for charities and investors will not become redeemable until many years into the future.

2023 - Exchange Listing

The big moment is likely to be December 2022 when our users can trade their SDR coins on cryptocurrency exchanges.