The good news is that the DeFi space has seen explosive growth in innovative and experimental projects addressing this issue. The MakerDAO protocol set the tone for the DeFi space by issuing a crypto collateralized stablecoin (DAI), which is soft-pegged to the US dollar, providing a hedge against volatility while sustaining an unbiased and decentralized currency that can be accessed and used by anyone, anywhere, anytime.

But the question remains: can we create a more equitable financial ecosystem that doesn't rely on a single point of value determination? The answer is yes, and the Global Point of Balance (GSU) is here to prove it.

The GSU is a new type of balanced exchange rate that provides stability for everyone equally. It is based on the plurality of actual underlying data and not just a single-factor pricing model operating directly between two parties. The GSU is based on bilateral trade volume and capital flows between countries, providing a stable basis for cross-border activities and international payments.

The GSU's calculations are based on the analysis of volatility measurements of over 80% of global trade volume across 30+ largest nations and their ∼35 largest trading partners, which corresponds to ∼1000 most important trade relations in the world, generated and updated continuously to calculate the price as the function of the unit in real time.

The GSU system continuously monitors changes to the worldwide center of exchange rate gravity as capital flows between any two countries change and the value of their currencies fluctuate. It is updated on an ongoing basis, so that it maintains its stabilizing function, simultaneously publishing the right rates in a progressively decentralized way.

Unlike the traditional exchange rate system, the GSU does not rely on only two parties agreeing to the price, nor on a central bank determining a certain price. Instead, it is based on a massive collection of relevant data and continuous processing and publishing of the rate in real-time.

The GSU is more stable because it reflects actual underlying economic activities between countries and currencies. It is not based on direct agreements between two banks, brokers, or exchanges, nor is it a rigid currency-peg controlled by a central bank. Instead, it optimally reduces volatility and the risk for disorderly exchange-rate movement, making it the world's least-fluctuating unit of exchange, outperforming the US dollar and any other fiat or crypto currency today.

Using the GSU soft-peg can reduce exchange-rate risk and associated costs by more than 50% globally. This has been empirically and academically documented.

The GSU offers a more stable alternative to traditional USD pegging. It is the first exchange rate system outperforming the stability of any fiat currency. It suggests a proportional stability shared equally between everybody, strengthening the crypto ecosystem, and protecting against inflation. The GSU is a groundbreaking solution to the problem of volatility, providing stability for everyone equally.

Twitter:

https://twitter.com/GSUcoin

Discord:

https://discord.gg/cm3tmM37W3

Website:

https://www.gsuprotocol.io/

With SNS, users will be able to connect their social media profiles or remain anonymous while creating a neat and clean UI/UX for NFTs. Instead of going through Etherscan or other means, users can simply type in someone’s “.Sui” name and see what they’re up to.

Furthermore, SNS has announced its goal to release governance for the project successfully. The total $SNS tokens will be capped at 100 million forever, with 50% locked at release and controlled by the $SNS parent company SolNames LLC. The other 50% will be distributed to the community, the parent company as an investment, and the founding team and active contributors.

In addition, tokens will eventually receive dividends from $SNS-owned products, creating a real utility for long-term ownership. This system of checks and balances ensures that the company retains certain control to protect consumers while the community receives benefits and helps drive the direction of the project.

SNS also introduced the “Stork Role,” which is a key identifier for well-standing community members who will be recognized as early contributors in the DAO release and play a vital part in the community. They will also be able to register their own “.Sui” domain before anyone else for their contributions.

SNS’s profitable approach ensures that the company remains competitive while creating real value for the community. With these developments, SNS aims to become the go-to platform for digital identity for crypto gaming services and products.

If you’re interested in joining the SNS journey, head over to their website sns.domains and become a part of this innovative and exciting community.

https://sns.domains/

https://suins.io/