What is Gluwacoin?

Gluwacoin is a fiat-backed stablecoin. By referencing existing financial networks, Gluwacoin has created a meta-network that connects stablecoin blockchains.

Gluwacoin’s origin chain connects to side chains to form a decentralized network of stablecoin blockchains. Users can choose the side chain with the technology and credibility they prefer.

Users can trade Gluwacoin for fiat currency at a 1:1 fixed rate, as long as we operate in their region, and the user meets our AML policy.

Origin Chain

Side chains that are directly operated by Gluwa are called origin chains. In an origin chain, users that have passed Gluwa’s anti money laundering program, and have been verified, are allowed access. Origin chain users may directly buy or sell Gluwacoins, at a fixed price from Gluwa.

Side Chain

A sidechain is a blockchain connected to the public chain. A user can use a blockchain with different properties from the public chain through a sidechain.

Cross-Blockchain Experience

Users can interact not only with other users on the same blockchain, but also with users on different blockchains. Interaction is permitted directly from one sidechain
to another.

Gluwacoin is a fiat-backed stablecoin. By referencing existing financial networks, Gluwacoin has created a meta-network that connects stablecoin blockchains.

Gluwacoin’s origin chain connects to side chains to form a decentralized network of stablecoin blockchains. Users can chooose the side chain with the technology and credibility they prefer.

Users can trade Gluwacoin for fiat currency at 1:1 fixed rate as long as we operate in their country and they meet our AML policy.

Meta-Network of Gluwacoin

Gluwacoin is inter-connected. Although there is only one issuer called Gluwa, it has a public chain that does not require permission from a central authority. For the Gluwacoins circulated in the public and origin chain, Gluwa holds the fund backing Gluwacoin and is also responsible for redeeming Gluwacoin on its side chain. All side chains are connected through the public chain of Gluwacoin. It independently builds a side chain for each condition and connects through a conditional gateway.

How it Works

A network of networks

The network connects multiple sidechains with the mainchain, forming a meta-network where users can select to transact on any blockchain they elect to use.

Public Chain

The public chain serves as a gateway for sidechains and also as a value stabilizer by minting and burning coins
at a fixed price.

Stabilized by the Market

Gluwacoin seeks price stability through financial arbitrage. Gluwa will buy or sell Gluwacoin at the origin chain for $1.

Decentralized ERC20

The mainchain itself is a simple ERC20 smart contract. Sidechain operators will hold underlying liquidity of Gluwacoin within their sidechains, and users can enter or leave a sidechain at will, selecting their desired network that they prefer.

Gluwacoin