Gluwacoin on the main blockchain is backed by fiat currency, serving as a gateway between the cryptocurrency world and the real world.
The mainchain connects to sidechains to form a decentralized network of stablecoin blockchains. Users can choose the sidechain with the technology and credibility they prefer.
Users can trade Gluwacoin for fiat currency at 1-to-1 fixed rate. as long as we operate in their country and they meet our AML policy.
We propose to bring both sovereignty and stability to a stablecoin ecosystem by using a network of blockchains.
The network connects multiple sidechains with the mainchain, forming a meta-network where users can select to transact on any blockchain they want.
The mainchain serves as a gateway for sidechains and also as a value stabilizer by minting and burning coins at a fixed price.