AMA held on GAUGECASH Telegram channel
Manuel Blanco: Hi everyone. Hope you are all doing good
Anders Talige: Good to have you here Manuel
Anders Talige: **missing question**
Manuel Blanco: Well, I do not have a perfect answer, but, I believe there are some components to the why. Do you know who is Nima Arkani Brian?
Brian: No I don’t
Manuel Blanco: And I am pretty sure you know who Justin Bieber is
Anders Talige: :)
Manuel Blanco: haha.
Brian: I’m much older than that, but yes I know who he is.
Manuel Blanco: So one of the reasons is that this project is hard to understand, making it hard to sell. I mean sell, getting investors. But the product is going to be out there very soon, and then it will be much much easier for people to get it, and then it can explode. So is like selling the iPhone with a whitepaper, and is very different from selling the actual iPhone working.
Brian: I’m just a 56 yo truck driver who believes in this project so much I put what little I have into it. It would be nice to see an explosive growth in this.
Akash Dubey: Hey Manuel, how is the bounty/hackathon on gitcoin going
Anders Talige: [In reply to Akash Dubey] I had the same question :)
Brian: YAY!!! I don’t live in the crypto space full time but I’ve learned enough in the 5 years I’ve been involved to know that this is where I need to be.
Akash Dubey: [In reply to Manuel Blanco] Still, jobs sold it well
Manuel Blanco, [21/03/22 14:13]
so I never worry about other projects. We are going to put the product out there, and once it is there, it’s just a matter of time and will be huge.
John: From the last AMA I understand that GAU and GAUF will not be launched at the same time, please how long to launch GAUF after GAU is launched…
Akash Dubey: [In reply to Manuel Blanco] Best wishes for that
Manuel Blanco: Did I get my point Brian, or do you want me to expand a bit?
Ifeanyi: [In reply to Manuel Blanco] Pls kindly expand a bit
Brian: It makes sense, developing a completely new monetary system takes time. Unlike other projects, this is more about helping the world than just getting rich. Thank You
Hujmx: How long will it take to launch the product? Whether IEO, IDO encountered difficulties in sales?
Anil Kumar: Can you make the buying process more user friendly so that new users like me can easily buy this coin with Matic
Manuel Blanco: Hi Akash. We are still talking to developers, it is not a hackathon is a bounty. And we are talking with another group of ex-consesys guys that got super interested in the project, very senior developers, so we are discussing actually today and tomorrow a new kind of wallet, that is much much harder to make. Still, it will protect against censorship, so I really want that for the project. It has to do with connecting directly from the browser to polygons nodes — very cool stuff.
Manuel Blanco: Hi Ifeanyi, Yes, so it is easier for people to get caught up on fashion, like the dogs in crypto, or the crypto kitties in 2017, or real state projects, because people understand them or at least have fun with them, this one is another animal, so we need to show people, for example now in Russia that they can move their funds to GAUGECASH, so they don’t keep losing value. But the market is so huge that we can become one of the most profitable ventures in history just because of the market and the adoption of the product, but not the adoption of white paper, or in other words ( and theoretical explanation of a solution). It is like tesla, they haven’t done too much in marketing, but the product has changed a gigantic industry. It’s almost incredible, and he had already believability after selling PayPal, we don’t, but we will.
Anders Talige: I also have some questions. One of them is: Is dependency on chainlink a risk for gaugecash continuity? Are there supplements? Alternatives?
Manuel Blanco: Hi hujmx. We had trouble last week from polygon’s team sending us millions of MATIC for the Mumbai network for testing purposes, we hope we can go about it this week, and we will be ready to deploy in mainnet.
Manuel Blanco: No, neither IEO, IDO has difficulties, again is just about having GAUGECASH first, and then the IDO or IEO. We are very close to that. The Management team of LAToken approached us, and we are discussing and strategy with them. I’ll give updates next week.
Manuel Blanco: Hi Anil, yeap actually that is key to our project, we will make it super simple, that’s our next round of development in Mobile, is a super simple wallet for GAUGECASH massive adoption.
Manuel Blanco: Hi Anders, no risk. The reason is what we have built with them is at their infrastructure and tech level. In other words, Linkpool, their partners, run polygons nodes, so Chainlink is just the best on oracles at the moment. Will do some testing with Solana by the end of the year, but any layer2 chain that comes to chainlink for the oracle part at it is very hard to build what they already have for a specific chain from scratch. So that makes them incredibly strong. Again, this is another example of an undervalued project because it is much more difficult to understand for the general investor.
Anders Talige: Ok, thank you. Another one: Is the weighted average index changeable, should the conditions in the world change? What will be the possible Criteria for a change? Who decides?
Hujmx: After reading your white paper, some professional investors feel that your project is just an average index of currencies, with almost no code updates, not a defI protocol, not a DEFI application, and has nothing to do with DEFI and blockchain.
There are no blockchain celebrities on the project team. Are these the reasons why nobody buys?
Manuel Blanco: I have an easy answer for that one and a hard one. The easy is the math takes care of that part in a truly cool way, is one of the real innovations of this project in the theoretical economic part. We are thinking of making a video to explain how it works. So, in other words, there is no need for anybody to do anything. The hard answer is to explain all of this here, but what we can do is a live explanation on zoom in a couple of weeks, and ill show you the math behind it and some real examples of the behavior of the index using excel.
Anders Talige: [In reply to Manuel Blanco] Great! Let’s do that.
Another one: The GAU weighted average protects the GAU value against hyperinflation. in one or more of its assets. Can you explain how this works?
V: [In reply to Manuel Blanco] Solana is definitely a great project.
But in my opinion, a much more promising network for possible integration is Metahash.
Manuel Blanco: Yes, hujmx, it could be that. Celebrities we don’t have for sure. And about the whitepaper, it could be true. For coding, we are not open source as the index we will protect as is part of the value for GAUGEFIELD investors. And the way GAUGEFIELD works with GAUGECASH will be private until we reach a certain GAUGECASH Volume, then we will open the pool for people to see. But on the other hand, blockchain is transparent no matter what, so people can check the code in the networks.
Manuel Blanco: hujmx, we can schedule and emeet, and maybe if you have a way of communicating better the whitepaper, we can work on an update. You can be a contributor if you like.
Brian: You don’t have to be widely known to be a superstar, this is a superstar project, just sayin’ 👍😁
Manuel Blanco: Will check that V, Thanks for letting us know.
V: [In reply to Manuel Blanco] Yes thank you.
This is a project with its own blockchain, with a transaction speed of 100,000 TPS.
Now the project is in intensive development in “quiet mode” (without the implementation of broad marketing).
The team is constantly working and in the near future with the simultaneous launch of intensive marketing — it will release a large package of many options at once — this is DEFI, and its own DEX, NFT and much more — in particular, a user-friendly interface for developing custom tokens.
To make it easier to search — let me give a link to their website:
Anders Talige: Last one: I wonder what realistically the drivers for the 30–50 MC will be. And what will be the hindrances/risks?
Manuel Blanco: Anders, it has to do with the mathematics as the weighted average is based on a curve (equation) exp^x², so if matching that with what a forex pair looks like, under hyperinflation, you can see it as going to infinity or going to cero, is a symmetry property of 1/x. So taking advantage of that and multiplying by the exponential, the value for the index becomes less irrelevant confined to certain max and min. But probably in excel would be easy to see.
😉
Anders Talige: Wow, I’ll have to refresh my maths :) Thanks
Brian: Can’t wait to see that, thanks Manuel for your time.
Anders Talige: [In reply to Anders Talige] do you see room for answering this one Manuel?
Manuel Blanco: Of course Anders.
Just GAUGECASH Volume out there.
This is when a certain market reaches equilibrium, so let’s say we take on USDT, suppose we get 50B volume per day, then the valuation would be cash (meaning ETH, for example) in the Swap pool + cash ( ETH again) on GAUGEFIELD pool) + rational or irrational valuation + brand value + traffic. So this should be around 5:1–10/1 ratio: over daily volume for MC, so it will be 50B * 5 250B-500B
Anders Talige: that is interesting… I’ll try to reconstruct your calculations!
Manuel Blanco: You can argue from different points of view, even central banks for printing money, paper tech, they used what is called the velocity of money which in the USD case is a 5:1 ratio of GDP, so you can think of GDP as MC and printed Money as Volume.
Another one is Bitcoin Volume against their MC or USDC against their MC
Anders Talige: So the GAU MC could really grow a lot
Manuel Blanco: Yes, becomes the protocol will be holding a lot of decentralized value (WMATIC, for example)
or WETH, for major markets and adoption goes on.
Hujmx: What we’re most concerned about is when do tokens trade?
Manuel Blanco: You told me that hujmx, you are the one concern, how much did you invest?
Hujmx: No one else cares?
Anders Talige: [In reply to hujmx] Actually, because of the huge potential I am not really concerned about a date now
Manuel Blanco: You seem not to understand how valuation works.
Brian: Patience is the key to this project.
Hujmx: [In reply to Manuel Blanco] How much do I have to invest?
Akash Dubey: [In reply to Brian] Nd delivery too
Manuel Blanco: If I do an IEO with no product, the value will be dumped.
Anders Talige: [In reply to Manuel Blanco] Exactly… We are a privileged community now with the knowledge of gaugecash….. Once it goes mainstream, you’ll be surprised @hujmx
Manuel Blanco: [In reply to hujmx] If you are a well-known investor, we can take 100 M USD and go violent against USDT
Brian: Offering the world an opportunity to solve it’s financial instability isn’t going to happen overnight. This is not a get-rich-quick scheme. This is not your typical crypto project. Anyone who comes to this one will need to change how they think.
Hujmx: [In reply to Manuel Blanco] I understand what you mean, but investors are most concerned about token listings.
Manuel Blanco: Thanks, Brian, but I would add that even in modern financial history, this one is three years can make a whole pile of money with a great purpose and by any standard is exponentially fast.
Anders Talige: [In reply to hujmx] You’re talking about retail investors…. Institutional investors always look at fundamentals
Akash Dubey: Which we don’t have anders
Brian: Listings will come, but you can’t just throw a token out there and not have value behind it.
Manuel Blanco: Will list pretty soon, but exchanges are happy to list, but not happy to put skin in the game. So I have been very careful with that.
Anders Talige: whis is very wise
Brian: Better to have it right instead of right now. I agree with Anders.
Manuel Blanco: And we have institutional interest, the Bank of England for example, but that is not necessarily good for decentralization. So will wait.
Anders Talige: Thanks for sharing all this Manuel…. I realize that I need to work on the maths :)
Manuel Blanco: Any other question?
Anders Talige: I have no more
Manuel Blanco: Well, guys, it’s always good to read from all of you; we may agree or disagree, but ill take the best possible decisions for GAUGECASH and all the investors.
Manuel Blanco: Have a wonderful week! And I’ll update you next Monday.
