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PROJECTS
SWAP GLOBAL
The GSU (Global Stability Unit) or simply; 'the Global' is a market-based token that aims to follow The World’s most stable rates.
AIMING TO FOLLOW THE WORLD'S MOST STABLE RATES!
SWAP Global team’s aim is to follow the World’s mosr stable rates. There are various factors that can be taken into account when rating the stability of an asset, including its track record of performance, the strength of the underlying market or industry, and the level of risk involved.
Some common tools used for stable rating include credit ratings, which evaluate the ability of a borrower to repay their debts, and risk ratings, which assess the likelihood of an investment losing value.
It is important to note that the stability of an asset can change over time and that no rating system is foolproof. It is always a good idea to do your own research and due diligence before investing in any financial product.
Problem: They wanted to make the GSU token accessible to people so we build this token on the ETH network.
Our solution: We built this decentralized exchange, where people can come and buy the GSU token. It is a stable rating mechanism and this system is currently a patent, a proprietary system. So we built oracles, which provide information to blockchain networks. We used oracles to bring rates to this exchange.
They had built a global stability unit GSU.io along with their invention of a stable rate mechanism and now they wanted to make it accessible to people. We built it as an ERC20 on top of the ETH network. The token is upgradeable and has the support of the GSN network (eth gas station network so users don't have to pay the gas fee). They take their fee in GSU tokens so you can make the transaction without the gas fee.
Results: They were able to provide access to those who want access to GSU tokens through the ETH blockchain.
Technologies Used: VueJS, NodeJS, PostgresSQL, MariaDB, Redis, GoLang, Solidity, Ethereum, Bash, Docker
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