# What is VOW?

### Slogans

The future of money is promising.

Vow to change the world.

We make money for everyone.

### Mission&#x20;

Vow aims to change the world by decentralising the issuance of currency.

### Abstract

For the first time ever, pegged value currency can exist without a centralised issuer, central bank, government or big tech company. All retailers in the Vow economy issue Voucher currencies (i.e. v$1 off, v£1 off, v€1 off digital vouchers), and "Vow" to accept them back as $1 off, £1 off, €1 off of their products and services.&#x20;

Due to this inherently decentralised issuance and acceptance network, Voucher currencies gain real world utility and thus value.

Because a little VOW is needed in order for merchants to issue voucher currencies, VOW aims to become a reserve currency for the whole world's discount voucher trade.
