Do you want to know What GaugeCash is? The GaugeCash protocol is decentralized Finance and a peer-to-peer constant cash platform that offers incentives to the sophisticated continual crypto asset investor. At the same time, The platform is also offering the average lay individual a reliable cryptocurrency delivered using a highly intuitive multi-platform interface that seamlessly integrates innovative technology in its UI and is available to anyone, any time. The stable cryptocurrency GAU of the protocol can be an index of world currencies with a World-wide Monetary Insurance policy. To understand the platform, you need to understand DeFi first.
DeFi in Brief
Decentralized Finance, often known as DeFi, is a revolutionary financial system that functions separately from centralized financial intermediaries such as banks, insurance funds, and credit unions. Instead, users may transfer, trade, invest, and deal with cryptocurrencies and digital assets peer to peer via programmed smart contracts, removing the need for these sluggish and expensive middlemen.
Main Components of GaugeCash
The GaugeCash platform has two main components. And they are:
● They developed an index based on the Forex Market's Final Market Making that is more reliable than any other currency, like gold and silver. Stability refers to a lower level of volatility throughout a given period.
● They have used the blockchain class to back up the value of the GaugeCash, making use of its economic scarcity attribute.
Why is GaugeCash unique?
GaugeCash some unique features that stand out from any other deFi platform; here are they:
● The GaugeCash protocol calculates the basket's weighted standard index value by utilizing several APIs from overseas banking institutions. This weighted index reflects a diverse range of fiat currencies, resulting in a stable basket resistant to regional monetary policy fluctuations. Furthermore, it preserves stability beyond renowned single-fiat pegs, such as USD-based stablecoins. GaugeCash employs this safe index as a reference currency to power its peer-to-peer DeFi financial system.
● GaugeCash incorporates a GAU/USD decentralized price feed into its protocol market-leading oracle network Chainlink. The GAU/USD Price Feed supplied by Chainlink assures that the Gauge Index is priced against USD at fair market value and without manipulation.
● The mathematical form of the GaugeIndex provides the end-user with two intriguing advancements: If any significant fiat currency fails in the future (hyperinflation, massive devaluations), the index will settle to a stable value. By analyzing the index's behavior, GaugeCash can show that it beats every other fiat currency in the world, providing the best available purchasing power at any given moment. Users can opt-out of traditional CEFI monetary systems since decentralized digital assets support them.
What is Fiat Currency?
You may have read that Gaugecash is some kind of fiat currency. So What about it? Fiat money is currency generated by the government that is not backed by a tangible asset such as gold or silver and the government that issued it. The worth of fiat money is determined by the connection between supply and demand and the stability of the issuance government, as opposed to the value of a commodity supporting it, as is the case with commodity money. The majority of current paper currencies, including the US dollar, the euro, and other significant global currencies, are fiat currencies.
Decentralized Stable Cash System
Based on the Blockchain Revolutionary Principles, GaugeCash created a decentralized monetary system (GAUs). Rights Preservation, Value as an Incentive, Security, Networked Integrity, Privacy, and Inclusion. The GAU price is an indicator of international currencies that includes the WorldWide Monetary Policy. They have backed up the value of the GAUs with the blockchain class itself, leveraging its economic qualities to provide a genuinely decentralized and trustworthy solution.
The GaugeCash protocol intends to enable users to conduct secure on-chain exchanges or store value while insuring against the dangers of a single fiat currency's volatility. The protocol's backup (decentralized digital assets) and price index (not being 1:1 tied to a fiat currency) minimize CEFI risks. It was created for consumers searching for alternatives to today's most popular fiat-pegged reliable cryptocurrencies. so, Join here to nourish your future with great potentiality.
Website: https://www.gaugecash.com
Lightpaper: https://www.gaugecash.com/lightpaper
Twitter: https://twitter.com/GAUGECASH
Medium: https://gaugecash.medium.com
Linkedin: https://www.linkedin.com/company/gaugecash
ANN: https://bitcointalk.org/index.php?topic=5338413.msg57040446#msg57040446
Whitepaper: https://www.gaugecash.com/whitepaper
BTT Username: Jacqulynscherer
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2898485
Telegram Username: @geneviewinward
ERC-20 Wallet Address : 0x00bF22fAe02B226695d6C65e9A7871E688783978