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Welcome to Gaur.Money, home to the first algorithmic token pegged to $ETH on the Cronos network. Gaur.Money was inspired by Tomb Finance, a popular project on FTM who's token is pegged to Fantom (FTM)
The $GAUR algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the Cronos network.
The protocol's underlying mechanism dynamically adjusts $GAUR supply, pushing its price up or down relative to the price of $ETH.
Inspired by the original idea behind Tomb Finance as well as its predecessors (Basis, bDollar and Soup), Gaur.Money is a multi-token protocol which consists of the following three tokens:
-Gaur ($GAUR)
-Gaur Shares ($GSHARE)
-Gaur Bonds ($GBOND)
-xGaur ($xGAUR)
Unlike other algorithmic tokens, $GAUR is not pegged to a stable coin — instead it is pegged to $ETH.
Why is this?
Gaur.Money believes in the potential of Cronos and chose to align its mission to both, provide value to and derive value from $ETH's future growth. In addition to existing and future use cases, $GAUR aims to become the main medium of exchange on Cronos: this will be achieved by providing a mirrored liquid asset to $ETH.
One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for users to use or hold them. In order to successfully maintain the peg in the long-run, the Gaur Money team will maintain a focus on innovation around enhanced functionality and use cases.
Last modified 1yr ago