Do you know which platform calculates the basket's weighted average index price using numerous APIs from worldwide financial institutions? Then let me go for it. The Gaugecash protocol is a decentralized, digital asset-backed, peer-to-peer stable cash system that caters incentives to sophisticated long-term crypto-asset investors while also providing the average layperson/corporation with a stable cryptocurrency delivered via a highly intuitive multi-platform interface that seamlessly integrates cutting-edge technology in its UI, and is accessible to anyone. Gaugecash is the First Decentralized Monetary System with the necessary features to compete with the EUR/USD Markets.
Before starting, you should have an idea about DeFi.
About DeFi
Decentralized finance (DeFi) refers to an ecosystem of financial applications built on top of blockchain technologies, enabling sophisticated financial instruments including DEX, tokenization platforms, derivatives, and prediction markets. Decentralized finance is a blockchain-based type of finance that does not need central financial intermediaries like brokerages, exchanges, or banks to provide traditional financial instruments instead of relying on smart contracts on blockchains like Ethereum.
General View of Gaugecash
GAUGECASH, the first DeFi Monetary System open to crypto consumers, has announced the addition of Platinum Crypto Academy and Cryptonaire Weekly Magazine to their team of supporters and promoters. With technological integrations on Avalanche and Chainlink, the platform, which is projected to enter the market in the fourth quarter of 2021, will address the issue of decentralization and asset long-term stability. GAUGECASH will use Chainlink, a market-leading oracle network, to access a decentralized GAU/USD price feed. GAUGECASH created a partnership with Chainlink. They picked Chainlink because of its evident technological, security, and market dominance advantages. The following are some of the characteristics of the Chainlink Price Feed that bring substantial value to GAUGECASH:
● The credential management features inherent in Chainlink oracles allow them to access premium, password-protected FOREX data required to build our GAUGE index.
● Chainlink protects our smart contracts using a decentralized network of Sybil-resistant oracle nodes, preventing downtime or data manipulation attacks caused by a single oracle.
● Chainlink provides clear visualizations of the functioning of the oracle network, allowing users to verify that they are receiving fair market exchange rates independently.
Token of Gaugecash
GAU is a token that reflects a weighted average of 35 fiat currencies. The GAU/USD Price Feed, driven by Chainlink, will ensure that the Gauge Index is priced against USD at fair market value and without manipulation. The price of the GAU is an index of world currencies that contains the WorldWide Monetary Policy. They have backed up the deal of the GAU with the blockchain class, leveraging its economic capabilities to provide a genuinely decentralized and trustworthy solution.
GAU Tokenomics
● Symbol - GAUF
● Pre-sale available - 0.15 USD
● Pre ICO Start Date - 10 December 2020
● Pre ICO End Date - 31 May 2021
● Tokens for sale - 100000000
How does Gaugecash work?
They will issue 100,000,000 GAUsF at 0.0025 LINK, ASAP they will release the
GAUGECASH service for the world to use. They will launch an Initial Token Offering (IEO) for a coin we've dubbed GAUGEFIELD (GAUsF). The GAUGEFIELD will be issued in 500,000,000 pieces. About 600 holders take the tokens. Live service will be available. They sell Pre-sale at a discount price of 0.15 USD. To both rookie and expert traders, the site provides a variety of trade orders or execution choices, as well as a variety of crypto and fiat currencies.
At last, it can be said that They've backed up the value of the GAU with the blockchain class itself, leveraging its economic qualities to provide a genuinely decentralized and trustworthy solution. They can show that the index beats every other fiat currency globally, offering the best attainable buying power at any given time by analyzing its behavior. Users can opt-out of traditional CEFI monetary systems since decentralized digital assets support them. Investors can invest in this platform for the upcoming more significant opportunities and betterment of their company.
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
Forum Username: btc4future
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1771077
Telegram Username: @BTC4future7
ERC20 compatible wallet: 0x61586Fe6e6978f7e240833f9Cce7Dee861a31Edf