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.
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…
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…
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. …
💭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!
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…
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…
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. …
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!
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 27 of June through 04 of July.
The United States of America has been recognized as the most crypto-ready country.
Huobi barred Chinese and British investors from trading cryptocurrency derivatives, while Binance UK was restricted from operating in the country.
The latest Bitcoin mining difficulty adjustment was the highest it has ever been — 27.94%, dropping the difficulty to 14.36 trillion hash. BTC.com …
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:
A Decentralized Monetary system available to anyone, anywhere.