Topic: Gaugecash - first DeFi monetary system (Read 185 times)

First Decentralized Monetary System

In the last century-plus, there have been around thirty "Non-Domestic Currency Debt Crises” causing millions of people to lose their wealth and transaction value, and nobody is protected from these crises. In fact, this can happen in cryptocurrency: if the US dollar goes bust, what will happen to USDT? It will also lose its value…

How do you protect yourself from such things?

GAUGECASH — First Decentralized Monetary System — available to anyone, anywhere, has the solution! 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. But that’s not all — we have backed up the value of the GAUGECASH by the blockchain class in itself, taking advantage of its economic scarcity property.

This creates a self reinforcing economic system that brings unbelievable value for Investors and Users in a Decentralized and Immutable Fashion.

This can be the most profitable venture in history for investors around the world, just because we are after the largest financial market in the world, the EUR/USD which transact 6 Trillion USD per day.

📣What are ETH smart contracts?

📚As you may know, the GAUGECASH smart contract is built on Ethereum. You can find it at https://etherscan.io/token/0x8ce7386fe7688417885adebcbfc01a5445226b2c.

💭However, what are smart contracts and what are they for anyway?

📌Smart contracts are applications that run on the Ethereum Virtual Machine (EVM). These are applications that are executed automatically upon fulfilling certain prerequisites set by their programmers.

📌Smart contract advantages include a built-in protection from the human factor. Nobody can tamper with a smart contract, and there is no need to trust the third party to release money on time or validate a transaction. What’s also important is that the contract runs on the blockchain, and will continue to work for as long as there is electricity and the Internet on the planet, regardless of the status of the developer's website or other external factors.

📌Smart contracts are used for a myriad of applications, from data storage to crowdfunding. With that said, they are completely transparent and anyone can monitor the current state of the smart contract as well as audit all the transactions it has been a part of through a blockchain explorer such as Etherscan.

📣Cryptocurrency Market News Digest
05.07.2021 - 11.07.2021

💭We’re continuing our tradition: every week GaugeCash will be publishing a short weekly cryptocurrency market news digest for you to stay informed on the latest trends. In this edition we look at what happened from 04 through 11 of July.

📌Ethereum testnet has received the London update.

📌El Salvador has clarified the date for Bitcoin law to go into effect.

📌Global banks are testing CBDCs, and Bank of America creates a digital asset taskforce.

📌Elon Musk has criticized BTC and ETH blockchains for their slow and expensive transactions.

💭Of course, there was more news last week, so if we missed an important story, feel free to let us know in the comments, and we will be happy to discuss it with you!

Coincheckup List GAUGECASH!

Rating agency in the field of blockchain start-ups Coincheckup already listed GAUGECASH. That is another clear indication of how the interesting idea and unique product is important today!

And we are happy to share the great news and share the link with you today!

https://ico.coincheckup.com/gaugecash

Backing up the GAUGECASH

Have you seen our White Paper? If not — now is a great time to give it a look, especially at the section titled "Backing up the GAUGECASH" where you’ll find a very interesting example!

The global GDP given by the World Bank is in the ballpark of 90 Trillion USD in 2020. If you throw the GDP's total value into the Bitcoin Blockchain, its Market Cap will become 90 Trillion USD. One bitcoin will be worth 4.5 M USD and one Satoshi .45 USD cents.

Therefore bitcoin's volatility would end, and it's only purpose would be the one that its creator proposed, "an electronic peer-to-peer cash system.

After understanding the technology behind bitcoin, the world has unleashed a series of projects never possible before. In 2015, Ethereum became the first decentralized computer. In 2019, Libra, Facebook's blockchain, and stable Coin projects were released. A competitive market is on the rise with new currencies, new blockchains, new Dapps.

Still, the world hasn't seen the best stable coin using blockchain's best tech available, backed up by the "blockchain asset class" itself... The GAUGECASH protocol will make it happen.

Fiat – Out, Cryptocurrencies – In

Digital currencies are the future. The GAUGECASH project team realized this long before entire countries started thinking about creating their own digital currencies. In an effort to make up for wasted time, whole countries are rushing to create national cryptocurrencies!

Among the countries diligently working on the launch of their own cryptocurrency are China, Japan, Turkey… Digital assets have also been of interest to the US and some European countries (Estonia, for example, already has a digital currency in place). El Salvador has decided to simply adopt Bitcoin as a legal tender.

What is the natural conclusion? Today governments understand: the fourth industrial revolution is coming and the economic system will also change – fiat will fall out of existence. Time will tell whether or not national cryptocurrencies will be in demand, but such currencies won’t be decentralized, that’s for certain. Lest we forget that decentralization is the primary advantage of any cryptocurrency.

📣What are Stablecoins?

💭GAUGECASH is a new monetary decentralized system, empowering users to make stable payments on-chain or store value while hedging against the volatility risks of any single fiat currency. Our work deeply involves stablecoins, so why don’t we talk about what stablecoins are? How are stablecoins different from other cryptocurrencies, what are they good for and why have they become so popular? Let’s find out!

📌The first and most striking difference between stablecoins and regular tokens is that they keep all the advantages of cryptocurrencies (decentralization, transparency, anonymity) while being totally unaffected by volatility issues. As a rule, they are pegged to a fiat currency.

📌By the way, there are stablecoins that are pegged to other cryptocurrencies – a form of asset tokenization. For instance, to be able to use Bitcoin in DeFi projects on the Ethereum blockchain, wBTC – a tokenized Bitcoin, was created.

📌Some stablecoins are backed by real assets, while some maintain their peg through algorithms only.
In the field of DeFi that is becoming popular today, stablecoins are playing an integral part and are used as the foundation for a lot of protocols. With their help, investors and traders avoid unnecessary volatility.

📌Many modern companies are already beginning to accept this type of assets as payment, since it has become the safest way to implement new technologies while maintaining the traditional finance models. A good example is how Walmart is developing its own stablecoin.

📌This way stablecoins serve as a bridge between the world of traditional finance and that of cryptocurrencies. They are vitally important in increasing cryptocurrency technology adoption, making it more and more widespread each day.

📚https://www.gaugecash.com

About GAUGECASH in 100 seconds?

Want to learn more about GAUGECASH, but don’t want to spend your time keeping track of our project’s news feed? No problem! Watch this short video on YouTube — in just two minutes you will learn about the key advantages that our project provides!

Want to learn more about GAUGECASH? Watch the video now!

https://www.youtube.com/watch?v=DZeK2AGLfdU

Crypto Boy About GAUGECASH

You might have got used to reading about our project, how about watching a video about it? A YouTube channel Crypto Boy has released a review of our project some time ago, and if you haven’t seen it by now, this might be the time to do it!

We are excited to share the link to the review:
https://www.youtube.com/watch?v=2UyKnk1H4ho

Why is GAUGECASH the first decentralized monetary system?

What makes GAUGECASH stand out from the rest of cryptocurrency projects? Stability! In a market where high volatility is considered to be something natural, we value stability, and that’s exactly what we want to offer our users.

GAUGECASH is an index not pertaining to any Central Bank, which has obvious advantages for regulation purposes and Decentralization. Let’s look at the advantages in question:

The price is more stable than any other currency in the world, including Gold. We define stability as the average change against the currency pair itself in any given period.

It will be more expensive than any other currency against the USD; this has a positive purchase power effect.

It contains information on WorldWide Monetary Policy.

If any currency suffers from hyperinflation or unexpected volatility like the one provoked by the Central Bank of Switzerland with CHF in 2015, the math innovations implemented in this new kind of Weighted Average make the Index more stable with respect to all other currencies including Gold and Silver at that instant in time.

The service for obtaining GAUGECASH will be given for free on our website in a simple User Interface.

The GAU/USD  is being integrated by chain.link and our team and will be public by Summer 2021.

We leverage blockchain technology to make our project as convenient for our users as possible, and increase their level of trust!

Want to learn more about GAUGECASH? Visit our website:https://www.gaugecash.com

Plz follow our news

Too greedy presale. A bit confusing as well. It lasts for weeks and weeks. Also, the developer team nowhere to be seen.

Where to learn more about GAUGECASH?

Want to learn more about GAUGECASH? It’s easier than you might think! To begin, visit our website: https://www.gaugecash.com

There you will find information about our project, token, developer team and a lot of other interesting things! Think this is not enough? Subscribe to our social media pages:

🔅 Telegram chat  t.me/gaugecashchat
🔅 Reddit   https://www.reddit.com/user/GaugeCash
🔅 Twitter  https://twitter.com/GaugeCash
🔅 Medium   https://gaugecash.medium.com/
🔅 LinkedIn   https://www.linkedin.com/company/gaugecash
🔅 Facebook https://www.facebook.com/GaugeCash-105613421763452

And another important thing: make sure to check our whitepaper!

To do it, visit our website or follow this link https://www.gaugecash.com/whitepaper

Cryptocurrencies becoming more popular — why?

Let’s try to figure out why humanity needs cryptocurrency. It means decentralization, scalability, security and anonymity. With its help macroeconomics will reach a new level since lack of centralized control is the main benefit of cryptocurrencies. Thanks to blockchain you will have full control over your finances. Cryptocurrencies offer:

Transparency. All transactions can be traced, users will always have the full log of where and when they sent their money.

Anonymity. Network participants have control over how much personal information they want to expose. In the modern world, businesses and private individuals alike should have privacy when it comes to their finances.

Decentralization. This feature removes the need for an authoritative third party to carry out transactions. These days the only people capable of exchanging value without third party interference are those who use cash.

Security. Cryptocurrency is impossible to hack or counterfeit.

Those aren’t all the factors in favour of digital money. Traditional assets and fiat money are concentrated in the hands of the super elite class: international banks, Federal Reserve System. The closer someone is to those institutions, the easier it is for them to take advantage of these resources. When it comes to crypto, there are no gatekeepers. Anyone can join the network, everyone is equal in their right to have and use their money.

GAUGECASH strives to make getting into crypto seamless, integrating this technology into our lives for good.