AmerG Stablecoin: The Key to Unlocking the Potential of Cryptocurrency
Cryptocurrencies, such as Bitcoin and Ethereum, have revolutionized the way we look at financial transactions. However, their volatile nature makes them unsuitable for everyday use as currency. Stablecoins are a potential solution to this problem, but existing stablecoin systems are flawed, often being centralized or vulnerable to manipulation.
The AmerG Stablecoin System and the GwaySBC Protokol Platform offer a unique solution to the volatility of cryptocurrencies. AmerG is a collateral-supported cryptocurrency that preserves its value relative to the US Dollar and is based on real assets and community belief. This whitepaper will explore the AmerG Stablecoin System, the GwaySBC Protokol Platform, and their unique features.
AmerG is a collateral-supported cryptocurrency that preserves its value relative to the US Dollar. It is pegged to the customer's ability to pay off the debt and Responsibility fee by borrowing AmerG against an asset in a Collateralized Secured loan (CSL), as well as community consensus of 1 AmerG = 1 USD. AmerG is based only on real assets such as Bitcoin and Ethereum and strong belief in a community.
The AmerG Stablecoin System is a unique way to ensure financial stability and maximize the potential of blockchain technology. Unlike other stablecoins, AmerG is not subject to manipulation or centralized control. By basing its value on real assets and community belief, AmerG offers a stable and reliable cryptocurrency for everyday use.
Some of the benefits of AmerG:
Stability: One of the main benefits of AmerG is its stability. Unlike other cryptocurrencies like Bitcoin and Ether, which are highly volatile and can fluctuate drastically in value within a 24-hour period, AmerG is designed to preserve its value relative to the US dollar. This stability makes it a suitable option for everyday transactions, and not just for investment purposes.
Collateral-backed: AmerG is a collateral-backed cryptocurrency, meaning that its value is supported by real assets such as Bitcoin and Ether. This makes it more trustworthy than other stablecoins that are backed by fiat currencies or algorithms, which can be more easily manipulated.
Community-based: Another benefit of AmerG is that it is based on a strong belief in the community. This means that the stability of the cryptocurrency is not solely dependent on the value of its underlying assets, but also on the trust and confidence of its community of users.
Decentralized: AmerG is a decentralized cryptocurrency, meaning that it is not controlled by any central authority or institution. This makes it more secure and less prone to manipulation or interference from outside parties.
Easy to use: AmerG is easy to use, with a user-friendly platform and simple processes for generating and using the cryptocurrency. It is also fast and efficient, with transactions processed quickly and at low fees.
Innovative: The GwaySBC protocol, which is the backbone of AmerG, is an innovative solution to the volatility of cryptocurrencies. It uses Collateralized Secure Loan Smart Contracts to maintain the stability of AmerG's value and create a decentralized margin trading platform.
Overview of the GwaySBC ProtoCol
The GwaySBC Protokol Platform is an Ethereum smart contract platform that facilitates the stability of AmerG value by employing a series of Collateralized Secure Loan Smart Contracts (CSL). The platform allows anyone to generate AmerG by depositing collateral assets and creating CSLs.
Generating AmerG is efficient on the GwaySBC Platform, with the help of the exclusive smart contracts known as Collateralized Secure Loans (CSL). The deposited collateral assets are locked inside the CSL until the borrower pays back an equivalent or partial amount of AmerG. The owner of the collateral assets can then refinance their collateral from 120% up to 500%, reimburse borrowed AmerG, and pay accumulated Responsibility fee.
Why Need GwaySBC Protokol on AmerG
The GwaySBC Protokol is an innovative solution to the problem of existing stablecoin systems. GwaySBC Protokol is revolutionizing the world of Ethereum assets by letting anyone generate AmerG on the GwaySBC Platform. This generated AmerG can then be used like any other cryptocurrency - to make payments, send it to others or hold it as savings.
GwaySBC Protokol facilitates the stability of AmerG value by employing a series of Collateralized Secure Loan Smart Contracts (CSL). With the help of GwaySBC’s exclusive smart contracts known as Collateralized Secure Loans (CSL), generating AmerG is efficient on this platform with the parcel of loan added to it. This loan effectively locks the deposited collateral assets inside the CSL until it is later covered by paying back an equivalent or partial amount of AmerG.
Key Features of GwaySBC Protocol
The GwaySBC Protokol Platform offers several unique features, including:
CSL - Collateralized Secure Loan Smart Contracts:
With the Collateralized Secure Loan Smart Contracts, borrowers can access the GwaySBC Platform and generate AmerG using their collateral assets. The CSL effectively locks the collateral assets inside until the borrower pays back an equivalent or partial amount of AmerG.
Refinance Collateral:
Borrowers can refinance their collateral from 120% up to 500% on the GwaySBC Platform. This allows them to manage their debt and maintain their collateral value.
Reimburse Borrowed AmerG:
Borrowers can reimburse borrowed AmerG at any time, which will be burned and retrieved from the available total supply in the system.
Pay Accumulated Responsibility Fee:
The Responsibility Variable Annual Fee can only be paid in AmerG. Once the borrower sends the requisite AmerG to the CSL, paying down the debt and Responsibility Variable Annual Fee, the CSL becomes debt-free.
Tokenomics of AmerG
- Token name: AmerG Stablecoin
- Ticker Symbol: AmerG
- Ethereum Blockchain: 0x3963A62009C56634f9b5F115f8dB17C39D88B633
- Binance Smart Chain Blockchain: 0x3963a62009c56634f9b5f115f8db17c39d88b633
- Total Supply: The supply of AmerG is not fixed and can increase or decrease.
- Ethereum(ERC-20) Vault: 0xAb9a4238a457640E7A9aE62C176b7f587D1bfD0b
- wBTC(ERC-20) Vault: 0xE551B113B91cee0b7c8E51c5738Ca4c66014CA81
The AmerG Stablecoin System is based on real assets and community belief. Each AmerG is pegged to the customer's ability to pay off the debt and Responsibility fee by borrowing AmerG against an asset in a Collateralized Secured loan (CSL), as well as community consensus of 1 AmerG = 1 USD.
Overall, AmerG is a unique solution to the volatility of cryptocurrencies, offering a stablecoin that is based on real assets and the belief of its community. By providing a stable and reliable cryptocurrency, AmerG is poised to unlock the full potential of blockchain technology and revolutionize the world of finance.
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