Gaugecash

   I wrote articles about more than 150 ICOs in last six months and spent hundreds of hours reading and thinking about them. I must say that I am impressed with everything about Gaugecash

project, from their website, promotion video, idea, already established business, a ton of documents and papers with use cases and business plans for the future and of course people behind this project. This is how you prepare a project for ICO and present it to the public and potential investors, and all future ICOs could learn from Sugar Factory

. Big respect from me and you got me on board as an investor, that is for sure. For everyone else planning to participate in this ICO, I encourage you to join the WHITELIST FOR TOKEN SALE and do your due diligence on Sugar Factory before it starts. I write more about this project so stay tuned for details about team, tokenomics, roadmap, business plan and more

WHAT IS GAUGECASH?

Gaugecash is the world’s first Decentralized Monetary System Available to anyone anywhere. 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.

GAUGECASH uses various APIs from international financial institutions to calculate the basket’s weighted average index price. This weighted index represents a broad range of fiat currencies, resulting in a stable basket resistant to regional monetary policy movements. It also retains stability beyond prominent single-fiat

VISION

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

🔥 It does not belong to any Central Bank

🔥 It inherits Monetary Policy

🔥It is more stable than any other pair of currencies in the world including Gold and Silver.

🔥 We have partnered with Chainlink to release the data feed


Gaugecash(https://www.gaugecash.com) is the world’s first Decentralized Monetary System Available to anyone anywhere, It has two main components;

⭐Gaugecash(GAU): a stable crypto currency that represents an index of weighted averages from 35 global fiat currencies.

⭐Gaugefield(GAUF): the protocol’s liquidity token that backs up each minted GAU. Each minted GAU is backed by a unique decentralized crypto asset. Users can stake GAUF using $ETH $LINK.

The Gaugecash protocol aims to empower users to make stable payments on-chain or store value while hedging against the volatility risks of any single fiat currency. The protocol’s backup(decentralized digital asset) and price Index(i.e not being 1:1 pegged to a fiat currency) mitigates CEFI risks and was designed for users looking for alternatives to current prominent fiat pegged stable crypto currencies.


The Gaugecash protocol uses various APIs from international financial institutions to calculate the basket’s weighted average index price. This weighted index represents a broad range of fiat currencies, resulting in a stable basket resistant to regional monetary policy movements. It also retains stability beyond prominent single-fiat pegs such as USD-based stablecoins. GAUGECASH uses this stable index as a benchmark currency to power it’s peer-to-peer DeFi monetary system.

GAUGECASH integrates into it’s protocol market-leading oracle network Chainlink to access a GAU/USD decentralized price feed. The Chainlink-powered GAU/USD Price Feed ensures that the Gauge Index is priced against USD at fair market value and without possible tampering.

The GaugeIndex’s mathematical formulation brings to the end user 3 exciting innovations:

  1. If any major fiat collapses in the future(hyperinflation, massive devaluations) the index converges to a stable value.
  2. Testing the behaviour of the index we can demonstrate that it outperforms any other fiat currency in the world, delivering the best available purchasing power at any given time.
  3. Being backed by decentralized digital assets users can opt out of traditional CEFI monetary systems.

TOKENOMIC S

GAUGEFIELD(GAUF) Token Use Case

GAUGEFIELD or GAUF is an ERC-20 token native to the Gaugecash Protocol. The theoretical basis of the token is a Nash Equilibrium based on Bayesian games, the GAUF acts as the protocol's liquidity and backup token.

The token is aimed at all DeFi investors looking to leverage their assets to provide the Gaugecash service and profit greatly from it.

Total supply 500,000,000

ROAD MAP

CONCLUSION

We are excited to announce that GAUGECASH will integrate market-leading oracle network Chainlink to access a GAU/USD decentralized price feed. Our token, GAU, represents an index of weighted averages from 35 fiat currencies. The Chainlink-powered GAU/USD Price Feed will ensure that the Gauge Index is priced against USD at fair market value and without possible tampering.

For more info please visit:

Website: https://www.gaugecash.com/

ANN: https://bitcointalk.org/index.php?topic=5338413.msg57040446#msg57040446

Twitter: https://twitter.com/GAUGECASH

Medium: https://gaugecash.medium.com/

Whitepaper; https://www.gaugecash.com/whitepaper

Litepaper: https://www.gaugecash.com/lightpaper

Author : samuel321

Bitcointalk username: Samuel321

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101

Telegram username: opeyemijayeoba321

ETH Address: 0x5B606c2F10687e77dc7Fe644E429320C6a39Df63

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