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.
Stability is initially achieved via pegging to the U.S. Dollar. As this is unsustainable in the long-term, Sphinks can implement a unique break-away system that effectively places all participants in a global collective determination of a dollar value. Therefore, creating a technologically advanced and virtually indefinite form of money where the user is truly in control of their funds.