Global Currency Unit
A partnership with a Denmark-based company, the Global Currency Union aims to contribute innovative solutions to improve price stability of market-based exchange rates through which currencies relate and economies integrate. The GCU ecosystem consists of a blockchain network, stable tokens and exchange market. The blockchain network is designed as a private consortium with elevated and centrally authorized validator nodes and public non-validator nodes with a scalable and performant implementation of Byzantine Fault Tolerant consensus mechanism. Stable coins are launched on this network, that are traded on the X360 exchange market where traders can be assured of stable rates as compared to other auction markets.