September 21, 2022 - 3 min read
SupraOracles is delighted to announce a partnership with Gaur.Money, the first algorithmic token pegged to $ETH on the Cronos network. Gaur.Money decided to align its purpose to both add value to and profit from $ETH’s future development because it believes in Cronos’ potential.
The $GAUR algorithmic token is the foundation of the ecosystem that is quickly expanding to introduce liquidity and new use cases to the Cronos network. The underlying logic of the protocol dynamically modifies the supply of $GAUR, driving its price up or down concerning the price of $ETH. Long-term maintenance of the Gaur’s peg to 1 $ETH on a 1000:1 ratio is the goal of the protocol’s built-in stability mechanism.
The $GAUR token will be the powerhouse behind the in-house engineered Reward-as-a-Service NFT utility. Gaur Money Genesis NFTs will be the first NFT to return profits from algorithmic trading bots on a bi-weekly basis no matter the market condition. While this is just the first NFT to offer this, their ambitious plan to expand the utility to every NFT developer will help change the way we think about NFTs.
The ecosystem also contains two other tokens: Gaur Bonds (GBOND), which encourages adjustments in $GAUR supply during an era contraction phase, and Gaur Shares (GSHARE), which reflects the value of the GAUR Protocol and shareholders’ confidence in its capacity to keep $GAUR near to peg.
SupraOracles will provide Gaur.Money with oracle services as a result of this partnership. To support and expand the ever-expanding ecosystem powered by $GAUR, $GSHARE, and $GBOND, SupraOracles will further supply Gaur.Money with the most precise and real-time pricing and real-world data available on-chain. Users of Gaur.Money front-end apps will benefit from more precise price data and the assurance that the information they access is accurate and clean.
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented:
“They have a multi-token protocol that draws inspiration from Tomb Finance’s initial concept. We will provide them with precise pricing feeds so they can impress their users. We are happy to be a partner with them.”
SupraOracles intends to bridge the gap between conventional finance markets and Web3. Our objective is to provide the developer community with an innovative collection of Oracle tools that enables them to construct, deploy, and manage data applications with enhanced performance, robustness, and agility.
Our team comprises professionals in consensus mechanism design, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, Ph.D. academics, big four consulting, blockchain/DLT, and DeFi.
SupraOracles intends to solve the oracle dilemma and eventually power the future of finance with the aid of our developer community and an increasing number of partners.
Gaur.Money is home to the first algorithmic token pegged to $ETH on the Cronos network. The popular FTM project Tomb Finance, whose token is linked to Fantom, served as an inspiration for Gaur.Money.
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