Do you know about the net DeFi monetary system? GaugeCash is the one that will be accessible to everyone, wherever in the world. They built an Index of Fiat currencies representing a new value that includes Monetary Policy to pay for goods and services or store wealth. The protocol provides stability and liquidity for current and future generations by using the qualities of the new "blockchain asset class" created by the successful deployment of Bitcoin. Let’s know about the decentralized monetary system before diving into the deep!
About Decentralized Monetary system
To truly understand the concept of a decentralized monetary system, it is critical first to comprehend the idea of centralized. A centralized monetary system is one in which the network control or financial institutions are engaged and are looking out for everything that might happen in the economy, from establishing laws and laws to minting money. Almost everything in a centralized system is dependent on the government's rules and rules. All transactions travel from consumers through financial institutions to governments, and all user data is stored. The data is saved to preserve track of the specifics of dispute resolution and law enforcement surveillance functions.
A decentralized system is the polar opposite of a centralized system. The essential factor absent in a decentralized monetary system is the involvement of third parties.
Tokens launched by GaugeCash
GaugeCash is a decentralized electronic money system comprised of two tokens:
GaugeCash (GAU): A steady cryptocurrency that is based on a weighted average of 35 worldwide fiat currencies.
GaugeField (GAUF): The protocol's stability token, which backs up each GAU generated. Decentralized crypto assets back each GAU that is issued. GAUF may be staked using LINK and ETH.
Liquidity pool of GaugeCash
To gather knowledge about GaugeCash's liquidity pool, you need to have a clear idea of the liquidity pool. So, what is a liquidity pool? Liquidity Pool is a game-changing invention in Decentralized Finance (DeFi) that enables trading on Decentralized Exchanges (DEX) and provides liquidity via a pool of monies locked in a smart contract. Many decentralized exchanges rely on liquidity pools (DEX). In essence, liquidity pools are the trading part of a decentralized exchange. They aim to increase market liquidity among the participants in the market.
Gaugefield is GaugeCash's liquidity pool token, and it has the potential to provide DeFi investors with previously unheard-of returns. The presale is live! They will issue the second 100M GAUF once the first has sold out. 1GAUF = 0.1 LINK, producing a 40x yield. GaugeField will cover only LINKs to calculate ROI durations for staking LINKs and make it public so that investors may profit handsomely by pursuing the world's largest financial market: EUR/USD.
What is Chainlink?
Chainlink is the most popular and safe method of powering globally connected smart contracts. Developers may use Chainlink to connect any blockchain to high-quality data sources from other blockchains and real-world data. Chainlink, managed by a worldwide, decentralized community of hundreds of thousands of individuals, is developing a more equitable contract approach. Its network presently secures billions of dollars in value for smart contracts across several ecosystems, including decentralized finance (DeFi), insurance, and gaming.
GaugeCash's partnership with Chainlink
GaugeCash will use Chainlink, a market-leading oracle network, to obtain a decentralized GAU/USD price feed. GAU is a coin that reflects a weighted average of 35 fiat currencies. The GAU/USD Price Feed, driven by Chainlink, will assure that the Gauge Index is priced against USD at market price and without manipulation.
Chainlink's market-leading oracle networks offer GaugeCash a tried-and-true plug-and-play oracle solution that presently protects billions of dollars in USD throughout DeFi. Chainlink's role as the new oracle for GAU/USD is essential to their plan for integrating off-chain FOREX market data into blockchain ecosystems. Even though the Gau system was first released on Ethereum, it is basically blockchain neutral. Therefore they need an oracle like Chainlink to serve a variety of blockchain setups.
GaugeCash is a stable DeFi World Currency that can start competing with USD and EUR in any Economic power and Cash Markets. It is considered a digital investment, peer-to-peer stable cash platform that guarantees incentives to the sophisticated long-term crypto asset investor.At the same time, GaugeCash also provides the average layperson/corporation with a stable cryptocurrency. Again, that currency is delivered via a highly intuitive multi-platform interface that seamlessly integrates cutting-edge functionality. Join this functionality to have your own business.
Official site
Website: https://www.gaugecash.com
Lightpaper: https://www.gaugecash.com/lightpaper
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
Twitter: https://twitter.com/GAUGECASH
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Author
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Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1769225
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