Today we will take a look at GAUR MONEY, a CRODO partner. The partnership with GAUR MONEY was announced on Crodo’s social media back on March 4, 2022, but I never got around to looking into this project in detail. So I did some research on GAUR MONEY and this is what I found out.
Gaur.Money is the first algorithmic token tied to $ETH on the Cronos network. Gaur.Money was inspired by Tomb Finance, a popular project on FTM whose token is tied to FTM.
The $GAUR algorithmic token serves as the backbone of a rapidly growing ecosystem aimed at providing liquidity and new uses for the Cronos network.
The mechanism behind the protocol dynamically adjusts the supply of $GAUR, raising or lowering its price relative to the price of $ETH.
Inspired by the original idea of Tomb Finance as well as its predecessors (Basis, bDollar and Soup), Gaur.Money is a multi-token protocol that consists of the following three tokens:
- Gaur ($GAUR).
- Gaur Shares ($GSHARE).
- Gaur Bonds ($GBOND).
What makes $GAUR different from other algorithmic tokens?
Unlike other algorithmic tokens, $GAUR is not tied to a stable coin – instead, it is tied to $ETH.
Why did Gaur.Money choose the Cronos network?
Gaur.Money believes in the potential of Cronos and decided to combine its mission with both: to provide value and capitalize on the future growth of $ETH. In addition to existing and future use cases, $GAUR aims to become the primary medium of exchange for Cronos: this will be achieved by providing a mirror liquid asset for $ETH.
One of the major shortcomings of past algorithmic tokens was the lack of use cases, which caused users to have no compelling reason to use or store them. To successfully maintain the tethering in the long run, the BiShares team will be focusing on innovations related to advanced features and use cases.
So there you have it, dear friends. Have faith in Crodo.io and Cronos!