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StateSet Commerce Network: The Backend of the Global Economy

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Mission: Power the World’s Commerce

StateSet Commerce Network is the infrastructure layer that makes global commerce instant, programmable, and accessible to everyone. By combining the stability of USDC with the power of blockchain, we’re building the operating system for the $100+ trillion global economy.

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Why StateSet?

🚀 Instant Settlement - Transactions finalize in under 1 second 💰 Native USDC - No bridging, no wrapped tokens, just native digital dollars 🌍 Global Scale - 10,000+ TPS with validators across 6 continents 💼 Enterprise Ready - SOC2 compliant with built-in KYC/AML 🤖 Programmable Commerce - Smart contracts automate complex workflows 💳 $0.01 Transactions - 99% cheaper than traditional payment rails

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Quick Start

# Install the StateSet CLI
curl -sSL https://stateset.network/install | sh

# Create your first USDC transaction
stateset tx send cosmos1... 1000usdc --fees 0.01usdc

# Deploy a smart contract
stateset tx wasm store commercial_agreement.wasm --from wallet

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What Can You Build?

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The Problem We’re Solving

Today’s commerce infrastructure is fundamentally broken:

• Slow: ACH takes 3-5 days, SWIFT can take a week
• Expensive: Credit cards charge 3%, wire transfers cost $35+
• Fragmented: No interoperability between payment systems
• Opaque: No real-time visibility into transaction status
• Exclusive: 1.7 billion people lack access to financial services

This creates $2 trillion** in financing gaps for SMEs and **$1.7 trillion in trapped working capital globally.

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Our Solution: Commerce Infrastructure for the Internet Age

StateSet reimagines commerce from first principles:

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1. Native USDC Integration

No bridging, no wrapping - USDC is native to StateSet. Pay fees in USDC, settle instantly, and never worry about gas tokens.

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2. Purpose-Built Modules

// Every commerce primitive as a native blockchain module
const modules = {
  orders: 'Full order lifecycle management',
  invoices: 'Instant factoring and payment',
  loans: 'Collateralized lending with smart contracts',
  supply_chain: 'Real-time tracking and verification',
  compliance: 'Built-in KYC/AML/sanctions screening'
};

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3. Global State Machine

One source of truth for all commercial transactions, accessible by all authorized parties in real-time.

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4. Developer First

Rich APIs, comprehensive SDKs, and a thriving ecosystem of tools and integrations.

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Real-World Impact

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📊 By the Numbers

• $500M+ Total Value Locked
• 1M+ Transactions processed
• $0.01 Average transaction cost
• 1 second Transaction finality
• 99.99% Uptime since genesis
• 100+ Global validators

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🏢 Success Stories

Global Electronics Manufacturer

• Reduced payment processing from 75 days to same-day
• Saved $50M in working capital costs
• 97% reduction in transaction fees

Cross-Border Marketplace

• Enabled instant settlement for 50,000+ merchants
• Reduced payment fees from 3% to 0.01%
• 10x increase in transaction volume

Supply Chain Network

• Real-time visibility across 200+ suppliers
• Automated compliance checking
• 60% reduction in dispute resolution time

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Technical Architecture

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Core Technology Stack

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Performance Characteristics

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🏗️ Built for Enterprise

Security

• Tendermint BFT consensus with 100+ validators
• Hardware security module (HSM) support
• Multi-signature wallets and threshold cryptography
• Regular third-party security audits

Compliance

• Built-in KYC/AML with major providers
• Real-time sanctions screening
• Automated tax reporting (1099, VAT)
• GDPR-compliant data handling

Integration

• REST, GraphQL, and gRPC APIs
• Webhooks for real-time events
• SDKs for all major languages
• Direct integration with SAP, Oracle, Microsoft

Scalability

• Horizontal scaling to 100,000+ TPS
• Multi-chain architecture via IBC
• State pruning and archival nodes
• CDN-backed API infrastructure

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📦 Commerce Modules

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Orders Module (x/order)

// Complete order lifecycle management
interface OrderModule {
  create(items, payment, shipping): Order;
  pay(orderId, amount): Payment;
  fulfill(orderId, tracking): Fulfillment;
  cancel(orderId, reason): Cancellation;
  refund(orderId, amount): Refund;
}

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Invoice Module (x/invoice)

// Instant invoice factoring
interface InvoiceModule {
  create(amount, terms, recipient): Invoice;
  factor(invoiceId, discount): Financing;
  pay(invoiceId): Payment;
  verify(invoiceId): Verification;
}

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Loan Module (x/loan)

// Collateralized lending
interface LoanModule {
  request(amount, collateral, terms): LoanRequest;
  approve(loanId, lender): Approval;
  disburse(loanId): Disbursement;
  repay(loanId, amount): Repayment;
  liquidate(loanId): Liquidation;
}

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🤖 Smart Contract Platform

CosmWasm Integration

// Deploy custom business logic
#[entry_point]
pub fn execute(
    deps: DepsMut,
    env: Env,
    info: MessageInfo,
    msg: ExecuteMsg,
) -> Result<Response, ContractError> {
    match msg {
        ExecuteMsg::CreateOrder { items, payment } => {
            create_order(deps, env, info, items, payment)
        },
        ExecuteMsg::FulfillOrder { order_id } => {
            fulfill_order(deps, env, info, order_id)
        },
    }
}

Pre-Built Contracts

• Escrow: Multi-party transaction security
• Streaming Payments: Programmable payment flows
• Revenue Sharing: Automatic profit distribution
• Supply Chain: Track and verify goods movement
• Compliance: Automated regulatory checks

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🚀 Core Features

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Native USDC Payments

// Send USDC with one line of code
await stateset.pay({
  recipient: "stateset1xyz...",
  amount: "1000.00",
  memo: "Invoice #12345"
});
// Cost: $0.01, Time: <1 second

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Real-Time Webhooks

// Get instant notifications
stateset.webhooks.subscribe({
  events: ['order.paid', 'invoice.factored'],
  url: 'https://your-api.com/webhook',
  secret: process.env.WEBHOOK_SECRET
});

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Multi-Party Transactions

// Complex transactions with multiple parties
const escrow = await stateset.escrow.create({
  buyer: "stateset1abc...",
  seller: "stateset1def...",
  amount: "50000.00",
  conditions: [
    { type: 'delivery_confirmed', oracle: 'fedex' },
    { type: 'quality_approved', approver: buyer }
  ]
});

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Cross-Chain Interoperability

// Move assets between chains via IBC
const transfer = await stateset.ibc.transfer({
  sourceChain: 'stateset',
  destChain: 'osmosis',
  channel: 'channel-0',
  amount: { denom: 'usdc', amount: '10000' }
});

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💵 Why Native USDC Changes Everything

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The Problem with Bridged Assets

• 🚫 Bridge hacks have lost $2B+
• 🚫 Extra fees and delays
• 🚫 Fragmented liquidity
• 🚫 Complex user experience

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The StateSet Advantage

✅ Native USDC - Minted directly by Circle ✅ No Gas Token - Pay fees in USDC ✅ Instant Settlement - Sub-second finality ✅ Global Liquidity - IBC to any Cosmos chain ✅ Stable Value - Always 1:1 with USD

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Use Cases Enabled

// Streaming payments
const stream = await stateset.streams.create({
  recipient: employee.address,
  amount: "5000.00",
  period: "monthly",
  duration: "1 year"
});

// Programmable escrow
const escrow = await stateset.escrow.create({
  conditions: smartContractLogic,
  amount: "100000.00",
  parties: [buyer, seller, arbiter]
});

// Instant global transfers
const payment = await stateset.transfer({
  to: "cosmos1...", // Any IBC-enabled chain
  amount: "50000.00",
  memo: "Supplier payment"
});

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🪙 Token Economics

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STATE Token (Ⓢ)

Purpose: Secure the network and govern the protocol

Distribution

• 30% - Community & Ecosystem
• 25% - Core Contributors (4-year vesting)
• 20% - Validators & Stakers
• 15% - Treasury
• 10% - Strategic Partners

Utility

1. Staking: Secure network, earn 8-12% APR
2. Governance: Vote on protocol upgrades
3. Collateral: Borrow against staked STATE
4. Fee Discounts: Reduced fees for STATE holders

Value Accrual

• Transaction fees buy back and burn STATE
• Protocol revenue shared with stakers
• Governance controls treasury allocation

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💼 Use Cases & Applications

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E-Commerce & Marketplaces

// Accept global payments instantly
const checkout = await stateset.checkout.create({
  items: cart.items,
  payment: { method: 'usdc', amount: cart.total },
  fulfillment: { method: 'dropship', address: customer.address }
});

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Supply Chain Finance

// Finance purchase orders automatically
const financing = await stateset.supplychain.finance({
  po_number: "PO-2024-1234",
  supplier: supplier.did,
  amount: "250000.00",
  terms: { net: 90, discount: "2/10" }
});

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Cross-Border Trade

// Execute letter of credit on-chain
const lc = await stateset.trade.createLC({
  importer: "DID:company:importer",
  exporter: "DID:company:exporter",
  amount: "500000.00",
  documents: ['bill_of_lading', 'certificate_of_origin'],
  expiry: '2024-12-31'
});

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DeFi Integration

// Yield on idle commercial balances
const vault = await stateset.defi.deposit({
  amount: "100000.00",
  strategy: "stable-yield",
  duration: "30-days"
});

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🌐 Ecosystem & Integrations

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Direct Integrations

ERP Systems:
  - SAP S/4HANA
  - Oracle NetSuite  
  - Microsoft Dynamics 365
  - Salesforce Commerce Cloud

Payment Processors:
  - Stripe Connect
  - Square APIs
  - PayPal/Braintree
  - Adyen

Banking Partners:
  - JPMorgan Onyx
  - HSBC Digital Trade
  - Citi Trade Services
  - Standard Chartered

Logistics:
  - FedEx Integration
  - UPS Quantum View
  - Maersk TradeLens
  - DHL Express

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Developer Ecosystem

• 5,000+ Active developers
• $10M Ecosystem fund
• 100+ Apps deployed
• 20+ Hackathon winners

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Strategic Partners

• Circle: Native USDC issuer
• Chainlink: Oracle services
• The Graph: Indexing protocol
• IPFS: Decentralized storage

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🗺️ Roadmap

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✅ Q4 2023 - Foundation

• Mainnet launch with core modules
• Native USDC integration
• First 100 validators onboarded
• $10M TVL milestone

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✅ Q1 2024 - Growth

• 10,000 TPS achieved
• IBC connections to 10+ chains
• Enterprise pilot programs
• $100M TVL milestone

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🔄 Q2 2024 - Enterprise (Current)

• SAP & Oracle integrations
• Compliance certifications (SOC2, ISO)
• Trade finance partnerships
• $500M TVL milestone

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📅 Q3 2024 - Scale

• 50,000 TPS capacity
• CBDC integrations
• AI agent marketplace
• $1B TVL target

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🚀 Q4 2024 - Global

• 100,000 TPS capacity
• 1M+ daily transactions
• 50+ enterprise clients
• $5B TVL target

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🏛️ Governance

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On-Chain Governance

// Create a proposal
const proposal = await stateset.gov.propose({
  title: "Enable IBC Transfer to Ethereum",
  description: "Enable USDC transfers via CCTP",
  changes: [{
    module: "ibc",
    params: { "cctp_enabled": true }
  }],
  deposit: "10000 STATE"
});

// Vote on proposals
await stateset.gov.vote({
  proposal_id: 42,
  vote: "yes",
  voter: myAddress
});

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Governance Stats

• 60+ Proposals passed
• 85% Average participation
• $2M+ Community funds deployed
• 100% On-chain execution

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🔒 Security & Privacy

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Security Infrastructure

• Auditors: Trail of Bits, Certik, Halborn
• Bug Bounty: Up to $500k rewards
• Insurance: $100M protocol coverage
• Monitoring: 24/7 threat detection

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Privacy Features

// Private transactions with ZK proofs
const privateTransfer = await stateset.private.transfer({
  recipient: recipientAddress,
  amount: "100000.00",
  proof: zkProof,
  memo: encryptedMemo
});

// Selective disclosure for compliance
const disclosure = await stateset.private.disclose({
  transaction: txHash,
  fields: ['amount', 'date'],
  recipient: 'regulator.did'
});

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⚖️ Compliance & Regulation

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Built-In Compliance

// Automated compliance checks
const compliance = await stateset.compliance.check({
  entity: "DID:company:12345",
  checks: ['kyc', 'aml', 'sanctions'],
  jurisdiction: 'US'
});

// Generate regulatory reports
const report = await stateset.compliance.generateReport({
  type: '1099-K',
  year: 2024,
  entity: merchantDID
});

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Certifications

• SOC2 Type II - Security controls
• ISO 27001 - Information security
• PCI DSS - Payment processing
• GDPR - Data protection

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🔮 The Future of Commerce

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By 2025

• $10B in daily transaction volume
• 1M+ businesses on the network
• 100M+ end users served
• $1T in financing facilitated

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By 2030

• Primary rails for B2B payments globally
• Integrated with all major CBDCs
• AI agents conducting 50%+ of transactions
• Carbon-neutral supply chains verified on-chain

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The Vision

We’re building more than a blockchain - we’re creating the operating system for global commerce. A world where:

• Every business has access to instant, low-cost payments
• Every invoice can be instantly converted to working capital
• Every supply chain is transparent and efficient
• Every person can participate in the global economy

This is the future we’re building. Join us.

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🚀 Get Started

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For Developers

# Install SDK
npm install @stateset/commerce-sdk

# Initialize client
const stateset = new StateSet({
  endpoint: 'https://api.stateset.network',
  apiKey: process.env.STATESET_API_KEY
});

# Your first transaction
const tx = await stateset.pay({
  to: 'stateset1...',
  amount: '100.00'
});

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Quick Links

• 📖 API Reference - Complete API documentation
• 💰 USDC Guide - Native USDC integration
• 📦 Orders API - Order management
• 🏦 Finance API - Trade finance
• 🤖 Smart Agents - Autonomous commerce
• 📞 Get Support - Join our Discord

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Start Building Today

StateSet Commerce Network: Where the world does business.