Interoperable Stablecoin Standard

White Paper

What is Gluwacoin?

Gluwacoin is a cryptographic token standard. Gluwacoin Token is a fiat-backed stablecoin. By referencing existing financial networks, Gluwacoin is designed as an interoperable meta-network that connects multiple blockchains.

Gluwacoin’s exchange functions connect it to other blockchains and form a decentralized network. Users can choose the blockchain with the technology and credibility they prefer.

Users can trade Gluwacoin for fiat currency at 1:1 fixed rate.

Origin Chain

Side chains that are directly operated by Gluwa are called origin chain. In the origin chain, users that have passed Gluwa’s anti-laundering money 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 Expereince

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 Blockchains

Gluwacoin is inter-connected. Although there is only one issuer, it has a public chain that does not require permission. For the Gluwacoins circulated in the public chain and origin chain, Gluwa holds the fund backing Gluwacoin and also is 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 conditional gateways.

3 Types of Blockchain & Money Network

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 want.

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 any network they prefer to use.