INTRODUCTION
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Gaugecash is the world’s first Decentralized Monetary System Available to anyone anywhere. It has two main components:We have created an Index coming from the Final Market Making of the Forex Market that is more stable than any other currency in the world including Gold and Silver. Stability means less volatility on average on any single period of time.
We are excited to announce that GAUGECASH will integrate market-leading oracle network Chainlink to access a GAU/USD decentralized price feed. Our token, GAU, represents an index of weighted averages from 35 fiat currencies. The Chainlink-powered GAU/USD Price Feed will ensure that the Gauge Index is priced against USD at fair market value and without possible tampering.
GAUGECASH uses various APIs from international financial institutions to calculate the basket’s weighted average index price. This weighted index represents a broad range of fiat currencies, resulting in a stable basket resistant to regional monetary policy movements. It also retains stability beyond prominent single-fiat
VISION
In the last century-plus, there have been around thirty "Non-Domestic Currency Debt Crisis (typically inflationary deleveragings) ", causing millions of people to lose their wealth and transactional value. Within the crypto-space the solution has been pegging tokens to the USD which doesn't solve the problem of Decentralization and long term stability of the Asset.We have created an Index coming from the Final Market Making of the Forex Market to solve the problem of volatility and wealth preservation on the peer to peer cash system space. We have backed up the Value of the GAUGECASH(GAU) by the blockchain class in itself, taking advantage of its economic scarcity property.
Gaugecash Index Quick facts
🔥 It does not belong to any Central Bank
🔥 It inherits Monetary Policy
🔥It is more stable than any other pair of currencies in the world including Gold and Silver.
🔥 We have partnered with Chainlink to release the data feed
Gaugecash(https://www.gaugecash.com) is the world’s first Decentralized Monetary System Available to anyone anywhere, It has two main components;
⭐Gaugecash(GAU): a stable crypto currency that represents an index of weighted averages from 35 global fiat currencies.
⭐Gaugefield(GAUF): the protocol’s liquidity token that backs up each minted GAU. Each minted GAU is backed by a unique decentralized crypto asset. Users can stake GAUF using $ETH $LINK.
The Gaugecash protocol aims to empower users to make stable payments on-chain or store value while hedging against the volatility risks of any single fiat currency. The protocol’s backup(decentralized digital asset) and price Index(i.e not being 1:1 pegged to a fiat currency) mitigates CEFI risks and was designed for users looking for alternatives to current prominent fiat pegged stable crypto currencies.
The Gaugecash protocol uses various APIs from international financial institutions to calculate the basket’s weighted average index price. This weighted index represents a broad range of fiat currencies, resulting in a stable basket resistant to regional monetary policy movements. It also retains stability beyond prominent single-fiat pegs such as USD-based stablecoins. GAUGECASH uses this stable index as a benchmark currency to power it’s peer-to-peer DeFi monetary system.
GAUGECASH integrates into it’s protocol market-leading oracle network Chainlink to access a GAU/USD decentralized price feed. The Chainlink-powered GAU/USD Price Feed ensures that the Gauge Index is priced against USD at fair market value and without possible tampering.
The GaugeIndex’s mathematical formulation brings to the end user 3 exciting innovations:
- If any major fiat collapses in the future(hyperinflation, massive devaluations) the index converges to a stable value.
- Testing the behaviour of the index we can demonstrate that it outperforms any other fiat currency in the world, delivering the best available purchasing power at any given time.
- Being backed by decentralized digital assets users can opt out of traditional CEFI monetary systems.
TOKENOMIC S
GAUGEFIELD(GAUF) Token Use Case
GAUGEFIELD or GAUF is an ERC-20 token native to the Gaugecash Protocol. The theoretical basis of the token is a Nash Equilibrium based on Bayesian games, the GAUF acts as the protocol's liquidity and backup token.
The token is aimed at all DeFi investors looking to leverage their assets to provide the Gaugecash service and profit greatly from it.
Total supply 500,000,000
ROAD MAP
🌎MORE INFORMATION 🌎
Website: https://www.gaugecash.com/
ANN: https://bitcointalk.org/index.php?topic=5338413.msg57040446#msg57040446
Twitter: https://twitter.com/GAUGECASH
Medium: https://gaugecash.medium.com/
Whitepaper; https://www.gaugecash.com/whitepaper
Litepaper: https://www.gaugecash.com/lightpaper
MY AUTHOR
MY AUTHOR
BTT username: Shwon600
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2843257
Telegram username: @Shwon600
Metamask etha address: 0xCa3d1b4D02D405E22cA66727862D61A33Fe29d50