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Presale live at Gaugecash, the first decentralized monetary system

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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.

Solution

We have come with the First Decentralized Monetary System Available to anyone anywhere, and we have named it, GAUGECASH. It has two main components;

  • We have created an Innovative Fiat Index that is more stable than any other currency in the world including Gold and Silver and would be released on Chain.link
  • 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 transacts 6 Trillion USD per day.

BUY NOW the Live Pre-Sale at the discounted price of 0.15 USD at www.gaugecash.com

What is GAUGECASH?

GAUGECASH is the world’s first Decentralized Monetary System that will be available to anyone anywhere. Unlike most prominent stablecoins that peg the price and value of the asset 1:1 to the USD, the Gaugecash protocol derives its price and value from decentralized financial systems, elegantly solving the centralization risk that a USD peg represents. 

The protocol consists of 2 tokens: GAUGECASH (GAU), which is an index of world currencies, that as a whole is more stable than any single fiat currency including the majors (GBP, EUR, USD, JPY), and GAUGEFIELD (GAUF) the protocol’s liquidity token that backs up the GAU. 

GAUGECASH aims to empower users to make stable payments on-chain or store value while hedging against the volatility risks of any single fiat currency. GAUGECASH’s backup and price Index mitigates centralization risks and was designed for users looking for alternatives to current prominent fiat pegged stable cryptocurrencies.

What are the challenges of the traditional monetary system?

Traditional financial systems rely on central authorities that dictate economic policy based on the fiduciary trust that society places in them. In a perfect world, central bank authorities act in good faith and design policies that factor in the complexities behind the economy to the best of their ability. But the reality is that these central authorities face several challenges during policy decision-making, such as the irrationality of economic agents, foreign and domestic government policies, and the trustworthiness of data required for policy decision-making. For this article’s purpose, we will concentrate on one factor: reliability and value of the data used for policy decision-making. 

An important thing to consider is that most of the economic data from which central authorities derive policy are not provided to them in real-time; the data is always out of phase. The consequence of this is that they never have a “real picture” of the economy and make decisions based on outdated data. These decisions take a long time to make the desired impact on the economy. In the end, they can only make approximations, or one could argue almost educated guesses and with this data model the economy and dictate policy. 

Factors behind the time rate of data collection and the time it takes for the policies to produce the desired results can be attributed to outdated technologies used by central trusted authorities and society, such as cash, traditional accounting methods & the numerous authorized agents that comprise the system.

Most of these factors can be significantly mitigated or eradicated with a transition towards better technologies. Still, there is one factor that cannot be mitigated, the model’s reliance on trust. This factor will always be a flaw that can be exploited by corrupt, negligent, irresponsible, or, to put it bluntly: fallible agents.

Monetary policy as rent extraction and wealth erosion.

“By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft”

  • John Maynard Keynes, 20th-century economist.

Through globalization, the modern international monetary system has been extremely successful in bringing prosperity and overall raising standards of living across the globe. Nonetheless, the flaws of the central bank model have been gamed continuously throughout history. The boom/bust cycles some policies generate in the economy have always been exploited by actors who, whether by design or opportunity, corrupt the system by instituting a rent extracting model of wealth erosion and transfer that stagnates innovation and creates vicious impoverishment cycles. 

A significant number of cases can be mentioned, going back all the way to England around 1750 when property rights enabled land to be used as collateral for projects. This was an important step that significantly fueled growth. Still, it can be argued that through time and monetary policy, sudden spikes in the interest rate generated defaults on payments and hard asset forfeiture in favor of a privileged few. This pattern repeats itself throughout history, with the most recent case being the 2008 crisis. 

Why is GAUGECASH the first decentralized monetary system?

GAUGECASH brings two innovations in Financial History.

  • GAUGECASH INDEX (GAUGEINDEX)

The GAU/USD price will be given by GAUGECASH’s INDEX

  1. 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.
  2. The index not pertaining to any Central Bank has obvious advantages for regulation purposes and Decentralization.
  3. It will be more expensive than any other currency against the USD; this has a positive purchase power effect.
  4. It contains information on WorldWide Monetary Policy.
  5. 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.
  6. The service for obtaining GAUGECASH will be given for free on our website in a simple User Interface.
  7. The GAU/USD  is being integrated by chain.link and our team and will be public by Summer 2021.
  8. You will be able to compare the historical behavior of the Index against all its competitors.

B)  We have backed up the value of the GAUGECASH (GAU) by the blockchain class in itself, taking advantage of its economic scarcity property. 

GAUGECASH demand from the Scarce liquidity Pool GAUGEFIELD can be modeled as a Nash equilibrium in Bayesian Games.

We will make it simple going forward using the transparency and immutable properties of the blockchain tech in itself so DEFI investors can track the Value and Liquidity of the Development.

What is Chainlink and why is Gaugecash integrated with Chainlink? 

GAUGECASH has integrated market-leading oracle network Chainlink to access a GAU/USD decentralized price feed. The Chainlink-powered GAU/USD Price Feed will ensure that the Gaugeindex is priced against USD at fair market value and without possible tampering.

Chainlink’s market-leading oracle networks provide us with a proven plug-n-play oracle solution that currently secures billions in USD value across DeFi. Chainlink being the new oracle solution for GAU/USD is a critical element to our design in bringing off-chain FOREX market data into blockchain ecosystems. Although initially launched on Ethereum, the GAUGECASH system is fundamentally blockchain agnostic, thus we require an oracle like Chainlink that supports various other blockchain environments. 

We chose Chainlink because of its clear superiority in technology, security, and market dominance. Some of the Chainlink Price Feed features that add significant value to GAUGECASH include:

  • Chainlink oracles have built-in credential management capabilities, enabling them to access premium, password-protected FOREX data used to generate our GAUGE index.
  • Chainlink uses a decentralized network of Sybil-resistant oracle nodes, securing our smart contracts against downtime or data manipulation attacks resulting from a single oracle.
  • Chainlink offers transparent visualizations of the oracle network’s performance, allowing users to independently verify they are getting fair market exchange rates.

An example of the Chainlink ETH/USD Price Feed showing a transparent visualization of oracle network activity.

“GAUGECASH is bringing 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,” said GAUGECASH Founder Manuel E. Blanco. “Chainlink will provide us with time-tested oracle infrastructure to ensure that users relying on GAU are always receiving fair market exchange rates when utilizing them for pricing goods and services around the globe.”

About Chainlink

Chainlink is the most widely used and secure way to power universally connected smart contracts. With Chainlink, developers can connect any blockchain with high-quality data sources from other blockchains as well as real-world data.

Managed by a global, decentralized community of hundreds of thousands of people, Chainlink is introducing a fairer model for contracts. Its network currently secures billions of dollars in value for smart contracts across the decentralized finance (DeFi), insurance and gaming ecosystems, among others.

Conclusion

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.

Solution: We have come with the First Decentralized Monetary System Available to anyone anywhere, and we have named it, GAUGECASH. 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. 
  • 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 one of the most profitable ventures for investors around the world, just because we can compete for the first time in history with a DEFI Solution with the largest financial market in the world, the EUR/USD who transact 6 Trillion USD per day.

BUY NOW the Live Pre-Sale at the discounted price of 0.15 USD at www.gaugecash.com

Disclaimer: This is a paid post and should not be treated as news/advice. 

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.