•Introduction•
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.
•About GAUGECASH•
GAUGECASH is a Decentralized Monetary System that will be available to anyone anywhere. We have created an Index of Fiat currencies representing a new value that contains Monetary Policy to pay for goods and services or store wealth. The protocol ensures stability and liquidity for the current and next generations using properties of the new “blockchain asset class” born when Bitcoin was successfully deployed.
GAUGECASH is the First Decentralized Monetary System with the appropriate characteristics to compete with EUR/USD Markets. The GAU’s price stability comes from a mathematical index innovation, and they’ll release in collaboration with Chainlink. GAUGEFIELD is GAUGECASH’s yield liquidity pool token and can bring unseen returns to DeFi investors. Their first market target is centralized stable coins, Tether, USDC, USDT, and so on.
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•
a) It does not belong to any Central Bank
b) It inherits Monetary Policy
c) It is more stable than any other pair of currencies in the world including Gold and Silver.
d) We have partnered with Chainlink to release the data feed.
The Solution:
We have come with the First Decentralized Monetary System Available to anyone anywhere, and we have named it, GAUGECASH. 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 have backed up the value of the GAUGECASH by the blockchain class in itself, taking advantage of its economic scarcity property.
•About Chainlink•
Chainlink is the most widely used and secure way to power universally connected smart contracts. Chainlink’s market-leading oracle networks provide us with a proven plug-n-play oracle solution that currently secures billions in USD value across DeFi. Chainlink being the new oracle solution for GAU/USD is a critical element to our design in bringing off-chain FOREX market data into blockchain ecosystems. Although initially launched on Ethereum, the GAUGECASH system is fundamentally blockchain agnostic, thus we require an oracle like Chainlink that supports various other blockchain environments.
We chose Chainlink because of its clear superiority in technology, security, and market dominance. Some of the Chainlink Price Feed features that add significant value to GAUGECASH include:
On the one hand, what we are proposing is quite simple. If you have a scarce asset, and there is more demand than supply for it, the value of the scarce asset will go up. On the other hand, what is not so easy is to tune the equilibrium of those two variables, but the good news is that we can calculate it quite rapidly once we start. And we can build a yield on the venture going forward. This is precisely what we want, to allow DeFi investors to profit big from the demand of a DeFi Stable Peer to Peer Cash system available to anyone anywhere globally.
Total supply 500,000,000
Token sale metrics:
ICO(CURRENT): 100,000,000 GAUF = .000055556 ETH/ GAUF=.025 LINK
PRE-IEO(ETA EARLY Q3 2021)= 100,000,000 GAUF=0.1 LINK
IEO (TBD late Q4 2021)100,000,000 GAUF=1 LINK
Post IEO(date TBD) = 100,000,000 GAUF price TBD.
•FOUNDERS•
Join Gaugecash on social media:
Official website: https://www.gaugecash.com/
Twitter: https://twitter.com/GAUGECASH
Telegram: https://t.me/gaugecash
Medium: https://gaugecash.medium.com
Github: https://github.com/gaugecash
$GAUF #Gaugecash #stablecoin #DeFi #ICO #IDO #cryptocurrencies #PoweredByChainlink $LINK #ERC20 $AVAX
•AUTHOR•
Bitcointalk Unsername: DinahDiyanah
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2735564;sa=summary
Telegram Unsername: @Bagusgusba
ETH Address: 0x6308FD081045711F193C53C35544F991eFB71CB1