American CryptoFed

What American CryptoFed does

American CryptoFed DAO is a Wyoming unincorporated nonprofit association — the first legally recognized decentralized autonomous organization in the United States — that is building a two-token decentralized monetary system intended to achieve zero inflation, zero deflation, zero transaction costs, and maximum employment. The company issues Ducat, an inflation- and deflation-protected currency token with unlimited issuance whose supply is endogenous to consumer purchase and saving behavior, and Locke, a governance token with a fixed maximum supply of 10 trillion, both deployed on EOS and Ethereum blockchains pursuant to SEC Commissioner Hester Peirce's Token Safe Harbor Proposal 2.0.

The system combines fiscal and monetary policy tools encoded in smart contracts: consumer purchase rewards of 5.5%–10%, merchant rewards of 1%–4%, and a 3% Ducat transaction-cost coverage for merchants, alongside interest payments to Ducat holders set at least 2% above the real federal funds rate, intended to maintain price stability through a target exchange rate formula linking Ducat to USD plus accumulated inflation differential. CryptoFed has filed a patent application on the endogenous decentralized monetary system and operates a pilot program with the Merchant Advisory Group, whose 165 member merchants account for over $4.8 trillion in annual sales across more than 580,000 US locations. Token swaps are routed through Uniswap 3.0, and merchants select their own crypto payment gateways for wallet, POS, KYC, and AML services.

The company is sponsored by mSHIFT Inc., founded in 1999 by Scott Moeller, which pioneered mobile banking in the United States. American CryptoFed is in active regulatory transition — the SEC dismissed all enforcement proceedings against it on February 2, 2026, and the organization subsequently refiled Form 10 on June 16, 2026 to register Locke while converting to a Wyoming DUNA structure upon reaching 100 or more members. No external funding rounds or revenue have been disclosed; monetization, where it exists, is structurally indirect through token mechanics rather than traditional fees.

Name

American CryptoFed

Legal name

American CryptoFed DAO

Website

https://americancryptofed.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

American CryptoFed DAO is a Wyoming nonprofit DAO building a two-token decentralized monetary system (Ducat currency, Locke governance) on EOS and Ethereum, targeting zero inflation and zero deflation for consumers, merchants, and large US retail partners.

Ownership category

akta.pro rank

Product category

Decentralized Digital Currency

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Monetary Authorities-Central Bank (5211)

SIC

Finance Services (6199), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Stablecoin Protocols (Decentralized) (FSADAMAD)

akta.pro secondary industries

Stablecoins & On-Chain Money (fiat-backed, crypto-backed, algorithmic; issuance/redemption) (FSAPAEAB), DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL)

Keywords

• Decentralized monetary system
• Cryptocurrency payment network
• Blockchain currency tokens
• DAO governance tokens
• Digital payment infrastructure

Headquarters

HQ city

Cheyenne

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Others, Personnel, Marketing or Sales

Revenue model

1. Transaction Fee Revenue: CryptoFed pays merchants 3% of each transaction in Ducat to cover ongoing transaction costs associated with crypto payment gateways. This is a cost coverage mechanism rather than direct revenue generation for CryptoFed.
2. Ducat Interest Payments: Interest paid to Ducat holders influences borrowing/lending markets. The Standard Ducat Interest Rate is at least 2% higher than the real federal funds rate, equivalent to Federal Reserve's interest rate on reserve balances.
3. Locke Token Value Stabilization: USD-pegged stablecoins from Ducat sales used to buy back Locke from markets for burning, creating economic value stabilization mechanism.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

American CryptoFed DAO operates a two-token decentralized monetary and payment system. The Ducat token functions as an inflation- and deflation-protected currency for daily transactions, while the Locke token serves as the governance token for the DAO. The system is designed to deliver zero inflation, zero deflation, zero transaction costs, and maximum employment through automated fiscal and monetary policies executed via smart contracts on EOS and Ethereum blockchains.

Product overview

American CryptoFed DAO operates as a decentralized unincorporated nonprofit association building a two-token monetary system on blockchain. The core products are Ducat (a currency token with unlimited issuance designed for zero inflation/deflation, functioning as store of value, unit of account, and medium of exchange) and Locke (a governance token with maximum 10 trillion finite supply used for DAO governance). Both tokens are issued pursuant to SEC Commissioner Hester Peirce's Token Safe Harbor Proposal 2.0. The system includes fiscal policy tools (consumer rewards 5.5%-10%, merchant rewards 1%-4%) and monetary policy (interest paid to Ducat holders). Florin is referenced as a sub-product without detailed specification. The platform competes with central bank monetary systems by automating money supply functions through smart contracts on EOS and Ethereum blockchains.

Differentiator

Problem solved

Functional benefit

Brands

• Ducat: An inflation and deflation protected currency token with unlimited issuance, constrained only by zero inflation and zero deflation. Ducat is used for daily transactions, functioning as a store of value, unit of account, and medium of exchange.
• Locke

Products and services

• Ducat An inflation- and deflation-protected currency token with unlimited issuance constrained only by zero inflation and zero deflation. Ducat serves as a store of value, unit of account, and medium of exchange for daily consumer transactions at participating merchants without requiring conversion to USD.
• Locke A governance token with a maximum authorized finite supply of 10 trillion. Locke holders participate in DAO governance decisions, and the token absorbs value inflows from the USD economy to stabilize the Ducat economy. Distributed free of charge to contributors who may sell on open crypto markets.
• CryptoFed Decentralized Monetary System A monetary system with zero inflation, zero deflation, zero transaction costs, and maximum employment. Competes with central bank monetary systems by decoupling money supply from bank lending through smart contract automation.

Quantifiable outcome

• 3% transaction cost coverage for merchants
• +4 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature7 records

Partnerships

One partnership is on record.

• mSHIFT InccoreStrategic or Co-development Partner · 1 July 2021Parent company and founder of American CryptoFed DAO. Founded in 1999 by Scott Moeller, mSHIFT pioneered mobile banking in the United States and has a long history of working with community financial institutions and local merchants. mSHIFT established American CryptoFed DAO and transitioned sponsorship of the Merchant Advisory Group to American CryptoFed in 2021.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Celo: A blockchain and stablecoin ecosystem focused on mobile payments and financial inclusion, overlapping with CryptoFed's consumer-and-merchant crypto payment ambitions.
• Flexa: Crypto payments network enabling merchants to accept digital currency at point of sale, overlapping with CryptoFed's merchant Ducat acceptance model.

Direct peers

• MakerDAO (Sky): A DAO issuing the decentralized, USD-referenced DAI stablecoin governed by a governance token, directly comparable to CryptoFed's decentralized stablecoin plus governance-token model.
• Reserve Protocol: Builds asset-backed and inflation-resistant decentralized stable currencies aimed at everyday payments, closely aligned with Ducat's mission to protect purchasing power.
• Frax Finance: A decentralized stablecoin protocol using algorithmic supply mechanics and a governance token, mirroring CryptoFed's dual-token, supply-managed monetary design.
• Ampleforth: Offers an elastic-supply digital currency whose supply adjusts endogenously to demand, conceptually similar to CryptoFed's endogenous, inflation-targeting Ducat.

Broad incumbents

• Tether: The largest fiat-referenced stablecoin issuer, competing in the same on-chain money category CryptoFed targets, but centrally operated.
• Circle: Issuer of the USDC stablecoin used for payments and settlement; a large incumbent in fiat-referenced digital money, though centralized rather than DAO-governed.
• Paxos: Regulated issuer of stablecoins and tokenized money infrastructure, overlapping with CryptoFed's stablecoin issuance and regulatory-first positioning.

Others

• BitPay: A crypto payment gateway/processor for merchants; adjacent to CryptoFed as the type of payment-gateway infrastructure its Ducat flow relies upon.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• GitHubgithub.com/AmericanCryptoFedDAO/Locke
• Facebookfacebook.com/AmericanCryptoFed
• Instagraminstagram.com/americancryptofed
• LinkedInlinkedin.com/company/american-cryptofed-dao

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American CryptoFed