GAUGECASH is a novel DeFi protocol pushing the boundaries of what’s possible in the blockchain space. We created a token that references a basket of real-world FX data to generate a new kind of Weighted Average price to help protect against hyperinflation. In other words, we have built the most stable asset in modern financial history, yet, decentralized. It can be used to price goods and services worldwide.
You can check the historical Average Volatility at https://charts.gaugecash.com against major fiat currencies, including gold, back in 2002 when the Euro was released.
GAUGEFIELD is the liquidity pool of GAUGECASH. There will be only 500M GAUF tokens in existence, giving it the economic principle of scarcity. GAUGEFIELD will wrap other decentralized blockchain assets with the same scarcity issuance model. When GAUGECASH gets released, and volume increases, the law of supply and demand will ignite a positive self-reinforcing economic decentralized system for GAUGECASH’s USERS and GAUGEFIELD INVESTORS.
(READERS NOTE: WE ARE NOT ANOTHER ALGORITHMIC STABLE COIN, WE ARE WHAT IS CALLED IN ECONOMICS “A HARD MONETARY SYSTEM, " BUT THE FIRST ONE THAT IS DECENTRALIZED AS FAR AS WE ARE CONCERNED)
The price of the GAU against the USD contains WorldWide Monetary Policy. This means the relationship towards its purchase power will be the best in existence. The feeds of the Index data come from trustworthy World Wide Forex data providers and Market Makers in real-time.
Chainlink is securing the decentralized oracle mechanism of the GAU Stable Value. The GAU/USD price was deployed in Polygon's mainnet at the end of 2021 and was announced officially by Chainlink on April 25, 2022.*
The mathematical formulation** of the Index brings two exciting innovations.
One. If any major fiat currency collapses in the future, meaning severe depreciation phases or even becoming of no value at all. In that case, the Index will converge to an even more stable value giving true and public certainty of its stability.
Second. Testing the Index's behavior in the last two decades demonstrates that it outperforms any other fiat currency's stability.