Gard Protocol on Algorand Ecosystem

$GARD is the first truly decentralized dollar and the first algorithmic stablecoin on Algorand. Beside that, GARD is the world’s first algorithmic stablecoin on Algorand’s blockchain. It is minted by Algorand Governors who choose to participate in governance through the GARD Protocol instead. These new governors i.e. GARDians will now send their ALGOs to a smart contract account and commit their ALGOs to create collateralized debt positions (CDPs).

GARD is the world’s first algorithmic stablecoin on Algorand’s blockchain. It is minted by Algorand Governors who choose to participate in governance through the GARD Protocol instead. Whereas GAIN is the token that governs the GARD Protocol. Those who hold GAIN will be able to vote on changes to the GARD protocol, vote on the fees that GARD users are charged, and vote on the organization that will protect/further develop the protocol. GAIN will be decentralized so the DAO can make the best decisions for its future without founder interference. See the DAO section for more details, including technical functionality and initial votes.

GAIN has a fixed total supply of 2 billion tokens, out of which there are currently 0 in circulation. 1.04B are slated for the public while the remaining 960M are to be used for private fundraising, hiring advisors, and compensating the team.

More detail about $Gard Protocol, you can check: https://www.algogard.com & https://www.gard.money

https://www.algogard.comhttps://www.gard.money