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I hereby promise the bearers of the iPromise stablecoin $1 per 1 iPromise token to be redeemable with real government fiat bills in my hut in Allée Tiare road, Papeete island, French Polynesia. You have my word.
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That sounds great! If you have a web of shady characters and companies behind it then I'd like to buy 7865238756293876429387462 USD worth of iPromise.
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That would be 51022091180054 BTC, sir.
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This is my house in Tahiti:
The first 100 clients who'll redeem iPromise tokens to USD will win a man's purse, but only if you buy me dinner.