Abstract

The KANAI Protocol, also known as the Bi-Collateral USTEBO System (BUS) allows users to generate USTEBO by leveraging collateral assets approved by “KANAI Governance.” KANAI Governance is the community organized and operated process of managing the various aspects of the KANAI Protocol. USTEBO is a decentralized, unbiased, collateral-backed cryptocurrency soft- pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, USTEBO offers economic freedom and opportunity to anyone, anywhere. This white paper is a reader-friendly description of the Protocol, which is built on the Ethereum blockchain.