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Gaeacoin: Can “Algorithm + Credit” Rebuild the Value Foundation of DeFi?

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5 years ago

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Defi still has higher attention with rapid technological innovation and continuous expansion of application scope, The goal of DeFi is undoubtedly to build a more effective,free and transparent financial ecology. However, finance always develops with money and brings value exchange. Therefore, whether it is a decentralized scenario or a mass application toward reality in the future, stable cryptocurrency is crucial for users, so as to realize the dream of making virtual ideas become reality.

For this reason, in the field of cryptocurrency,many teams has been exploring stable currency. According to CryptoQuant data, stabilecoin holdings on global crypto exchanges hit an high record of $9.8 billion as of March 28, 2021. At the same time, the total stable currency market capitalization once topped $80 billion, according to CoinGecko,  current daily trading volume of all stable currencys is about $118.340 billion. Also, CoinMarketCap shows there are 16 mainstream stable currencys now.

The stable currency is illusory?

In general, both USDT and DAI are still on their way and haven’t really achieved the goal of “stable currency”. Tether’s White Paper said:”Tether is a decentralized cryptocurrency, but we are not a perfectly decentralized company. We store all of our assets as a centralized pledge.” Therefore, USDT is just borrowing the name of cryptocurrency, but it is not really decentralized.

DAI, developed by MakerDao, is the largest decentralized stable currency on Ethereum. It is issued with the guarantee of the full amount of assets on blockchain. It is only generated in the application scenario based on the mortgage, and the market value of the mortgage assets is the ceiling of it. Therefore, these stable currencys are illusory in a sense.

Will algorithmic stable currencys finally fail?

Now let’s take a look at the development process of algorithmic stable currencys, known as the holy grail of cryptocurrency. From stable currency1.0 represented by AMPL,stable currency2.0 represented by Basis Cash to stable currency3.0: FraxFinance, all of them have gone through a period of growth. However, the stable currency reality is that we live under the sense of “ever-changing”, and stable value is still in the ideal.

AMPL algorithmic stable currency is used to increase or decrease the supply of AMPL in order to keep the price of AMPL around $ 1. AmpleForth usesRebase operation to change the AMPL held by all users as a whole. The Rebase price is based on the average price of the past 24 hours. When this price is above $1.05, the AMPL balance in all users’ wallets increases simultaneously. At prices below $0.95, all users’ AMPL balances decrease simultaneously. During this process, the percentage of AMPL held by users in the supply does not change. It looks like everything is fine on its own, but when the price of cryptos falls to the point where deflation is needed, both the quantity and price of coins held by users are falling, so users face a double whammy.

So it’s easy to create a death spiral. Similarly, when cryptos price rise, it is easy to create an upward death spiral. Thus it can be seen that this price model only has two possibilities: the price continues to fall, get into the infinite death circle and leave the market, and the price rises steadily to around 1USDT; Prices rising, the AMPL have been printing (dividend), AMPL reserve disappeared, crypto began to value return,people in loss cannot gain AMPL, prices will fall back near 1 USDT (need funds continue getting into market), so it is difficult to see AMPL achieve speculation, meanwhile achieve stability, And stability is a necessary condition for a stable currency.

Basis CASH, as represented by 2.0, includes three tokens, Basis Cash (BAC), Basis Share (BAS) and Basis Bond (BAB), among which BAB is non-transferable. The BAC is the stable currency, anchored to $1; BAS is an equity token, and newly minted BAC tokens can be allocated. BAB is a bond. There is nothing wrong with Basis Cash based on the algorithm itself, but without a good application scenario, relying on the debt market itself is dangerous. There is actually a problem with debt financing in traditional markets, where those “too big to fail” entities can take on the risk of impunity through socialized bailout costs. It is entirely possible that Basis Cash could go into a debt spiral, in which case there would be no willing contributors, the debt would accumulate and the protocol would collapse.

FinanceFX is the first partial algorithmic stable currency project, adding the concept of using “partially stable” as a collateral asset to the existing algorithmic stable currency. There are two types of tokens in Frax, the stabilization token Frax and the governance token FXS. Frax costs USDC and FXS, but only USDC during creation. The initial mortgage rate is 100%, that is, all USDC mortgage is used to cast FRAX. After that the mortgage rate will be adjusted every hour. If the price of FRAX is more than $1, the mortgage rate will be reduced and FXS ‘share in it will be increased. Raise the mortgage rate if the Frax falls below $1. The mortgage rate is adjusted every hour by 0.25% each time. But its high mortgage ratio leads the lack of user appeal, its currency numbers and market supply have been stagnant.

Although the above three generations of stable currencies seem to be making breakthroughs and innovations, they do not give a satisfactory answer on how to solve the credit problem. However, algorithm stable currency who cannot solve the credit problem is useless. Bitcoin came into being to solve the problem of credit, but the stable currency, as an important extension of its development, has not inherited the legacy of credit, and still stuck in algorithm.

Crypto Credit Network (CCN)

In financial field, credit is the foundation and the lifeblood. This is true of both traditional and modern financial systems. In the traditional financial system, credit mainly relies on the guarantee of laws and institutions. Apart from the high operation cost, the “credit crisis” gradually exposed by financial intermediaries is the fundamental reason why people urgently embrace the blockchain technology. Algorithm stable currency is going to help cryptos solve the credit problems, guaranteeing machine credit by algorithm, which does not rely on third party subjective will and makes transaction transparent, efficient, reliable and stable, let people who do not have to establish credit relationship between each other to achieve cooperation and free trading, reduce the cost of credit.

However, the world of blockchain cryptocurrency is a chaotic existence without role name. To change from chaos to brightness, each individual needs to have his or her own identity, so that we can obtain the faith like phoenix nirvana. The CCN gives each individual a unique CID (Crypto Identification), which is the most basic rule in the Crypto world. To build a new crypto world of order, autonomy and equality.

The construction of CCN not only takes blockchain technology as support, but also has reasonable economic incentive mechanism. Reasonable use of incentive mechanism is an effective means to stimulate all parties to participate in the construction of CCN.

A sound incentive mechanism, reasonable mechanism design from the perspective of leading efficiency and fair governance, can make the value generated by credit information flow effectively to the value provider in the blockchain world, punish the evil behavior, and resolve the conflict between individual interests and collective interests. It makes the individual’s behavior of pursuing individual interests unified with the goal of maximizing collective value.

Therefore, CCN can further clarify the economic interests of each participant and the overall interests of the network, so as to fully mobilize the enthusiasm of each participant and guarantee great development of CCN from the source.

The CCN consists of three different identities: Creator, Guardian and Angel,all of them have established screening mechanism. Only firm believers can obtain the CCN identity. Early believers are required to contribute to maintaining the stability of early CCN by burning GAC tokens. Therefore, they are not only holders of Gaeacoin, but also determined preachers and builders. When Gaeacoin issues additional shares, it will also receive a corresponding percentage of GAC tokens as a reward.

The establishment of this system aims to provide every Gaeacoin participant with the opportunity to contribute to the community construction, and to create a healthy crypto community culture of dedication and autonomy through consensus, symbiosis, co-construction and sharing.

In CCN, although the identity is different, the residents on the chain of CCN build the initial transaction link according to their CID address, and constantly expand CCN on the chain. Open CID needs to be recommended by the network resident, once the link is formed, it cannot be changed forever. Each of the three different identities requires a different number of GAC tokens to burn, which can be viewed on the Gaeacoin network. Gaeacoin network residents have different rights according to their status.

The integration with the DEX : Oxyswap has pioneered a full range of applications

There is a natural interdependence between exchange and stable currency. Exchange has always been an important part of crypto digital asset market, and it is also the first application place of stable currency. Like Binance with BUSD and Huobi with HUSD, OKEx also launched USDK on June 3, 2019. Traditional CEXs are fiat currencies, where fiat currencies are exchanged for cryptos. If you want to buy crypto digital assets, you need to top up fiat currency, which undoubtedly increases the economic and time costs of investors in the process of exchange. The emergence of stable currency can not only solve the above problems but also effectively avoid legal risks in the process of transaction.

As it should be, the integration of Gaeacoin ecology and Oxyswap not only lays a solid foundation for stable currency: GAC token application, but also creates opportunities for it to open up more and wider application scenarios.

Oxyswap is a decentralized exchange running on the BSC with a collection of DEX liquidity mining, which offers functions of exchange, liquidity, market making and so on. The strength of Oxyswap guarantees the usages of the stable currency: GAC.

GAC will lead a brighter way

Gaeacoin algorithm stable currency:GAC dare to face the challenge, According to the industry news, GAC praises is not only relatively stable from the concept, but also to really put into application. In addition to GAC (Gaeacoin), Gaeacoin ecology also includes GAB(Gaeacoin Bond) and GAASH (Gaeacoin Share), which serve to maintain the stability of GAC. Gaeacoin Ecology also integrates Gaeacoin protocol, algorithm, robustness, price response, encryption and other technologies, superposed with the DeFi ecology of Crypto Credit Network (CCN), Oxyswap(DEX) and so on, providing a realistic solution for GAC ,and leads it move towards the real “stability”.

The integration of CCN and Oxyswap points out the direction for the application of algorithmic stable currency. In fact, we can already feel the power of the Gaeacoin algorithm stable currency, and once it is used at a large scale, the ideal stable currency is expected to arrive ahead of time. DeFi will also build on this basis, using currency, lending, spot trading and other components to build continuously upgraded Lego of DeFi.

Gaeacoin’s move directly challenges the world’s centralized stable currency giants such as USDT and USDC, but compared to the previous challenges of AMPL, BAC and FRAX, this well-prepared challenge looks more anticipated!

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

New Church of Scientology Opens in Puerto Rico Hosting Community Programmes

Published

2 hours ago

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February 26, 2026

By

Puerto Rico Opens First Caribbean Ideal Church of Scientology with facilities to contribute to social betterment

Brussels, Belgium, 26th Feb 2026 – A massive Sunday crowd convenes to honor the latest addition to the lively center of San Juan—a new Church of Scientology, located along Juan Ponce de Leon Avenue, among the city’s busiest thoroughfares.

New facility in downtown San Juan highlights interfaith cooperation, community programmes and humanitarian outreach as dignitaries mark a milestone for the island’s religious landscape

BRUSSELS / SAN JUAN, Puerto Rico — 24 February 2026 — The Church of Scientology inaugurated its new Ideal Church of Scientology of Puerto Rico on Sunday, 22 February 2026, with a public Grand Opening celebration in downtown San Juan. It is the first Ideal Org in the Caribbean and a new community hub intended to support religious services alongside local social initiatives.

The new church is located along Avenida Juan Ponce de Leon in the Santurce area—an artery among San Juan’s busiest thoroughfares—and at 1208 Avenida Juan Ponce de Leon, San Juan, PR 00907.

As published by Scientology Today, the Grand Opening brought together parishioners, guests and local representatives for a ribbon-cutting and tours of the church’s facilities, including public-facing information areas and spaces intended for introductory services and community engagement.

Mr. David Miscavige with (from left): Ms. Zorimar Betancourt, President, San Juan Violence Prevention and Support Network; Mr. Anibal Heredia Burgos, San Juan Faith-Based Coordinator and Advisor to the City Mayor; Ms. Mery Dacosta, President, Human Rights Coalition, Puerto Rico; and Lt. Hector Ayala, Director, Police Athletic League, Puerto Rico Police Bureau.

[Mr. David Miscavige with (from left): Ms. Zorimar Betancourt, President, San Juan Violence Prevention and Support Network; Mr. Anibal Heredia Burgos, San Juan Faith-Based Coordinator and Advisor to the City Mayor; Ms. Mery Dacosta, President, Human Rights Coalition, Puerto Rico; and Lt. Hector Ayala, Director, Police Athletic League, Puerto Rico Police Bureau.]

A public celebration with civic and interfaith participants

In remarks cited by the Church, Mr. David Miscavige, ecclesiastical leader of the Scientology religion, addressed the crowd and linked the opening to the island’s identity and civic pride: “Who can deny the magnetism of these waters surrounding your Isle of Enchantment,” “An island that moves to its own rhythm, an island that generates its own current—for the true power of Puerto Rico is her people. And just like your beloved coquí, you are unmistakable, you are indomitable, you are impossible to silence. And here stands the living proof: your new Ideal Church of Scientology of Puerto Rico!”

Local speakers highlighted collaboration between faith communities and public institutions. Mr. Anibal Heredia Burgos, San Juan’s Faith-Based Coordinator and an advisor to the city mayor, emphasized the building’s intended role for shared community aims: “Today we are gaining more than just a building, because here is a place where our communities can come and reach their full potential… With this new Church of Scientology now opening to the community, we are going to make Puerto Rico a model of interfaith and government partnership everywhere.”

Next guest speaker, Lt. Hector Ayala, a Puerto Rico Police Bureau veteran and Director of the Police Athletic League, referred to drug-prevention education and cooperation with Drug-Free World materials. 22 officers earned educator kits as Drug-Free World lecturers—presented as part of a prevention-through-information approach.

Facilities described as designed for both religious and community use

The San Juan report outlines the features typical of an “Ideal Org” in Scientology, describing such churches as facilities aimed at supporting the delivery of religious services for Scientologists and also function as a meeting ground for cooperative initiatives in the wider community.

Among the areas described is a Public Information Center offering “more than 1,000 films” introducing the beliefs and practices of Scientology, the life and legacy of founder L. Ron Hubbard, and Church-supported humanitarian and community outreach programmes. The site narrative also references spaces for introductory courses and seminars, evening and weekend services that provide an overview of Dianetics and Scientology principles and their application in daily life.

In keeping with the tradition described by the Church for its churches worldwide, the building includes an Office of L. Ron Hubbard, presented as a symbolic reminder of the Church’s alignment with Mr Hubbard’s writings and ideals.

Historical references connecting Puerto Rico and L. Ron Hubbard

The Church links the Puerto Rico opening to historical references regarding L. Ron Hubbard’s time on the island. It states that Mr Hubbard led what it describes as the first complete mineral survey of Puerto Rico under US jurisdiction in 1932–1933, a survey that served as a reference for decades. The Puerto Rico House of Representatives later recognized Mr Hubbard’s work, calling it “commendable and meritorious” and “serving the best interests” of Puerto Rico.

As read in the official website of the church Mr Hubbard worked with the Red Cross in hurricane relief before the survey began and conducted ethnological research on the island’s rural jíbaro culture during that period, presenting these as elements of humanitarian interest alongside scientific work.

A milestone in a broader international pattern, including Europe

The Puerto Rico opening is part of a broader pattern of Ideal Churches openings internationally. The Church lists major cities where Ideal Organizations have opened, including multiple European locations such as Brussels, Paris, Rome, Berlin, Hamburg, Stuttgart, Copenhagen, Amsterdam, Basel, Madrid and others.

From a European perspective, that international footprint has often been described by Scientology representatives as a practical, community-facing complement to civic and human-rights frameworks—especially where education, prevention and volunteering contribute to social resilience.

Ivan Arjona, the Church of Scientology’s representative to the EU, OSCE, Council of Europe and UN, recently framed that approach in the context of civic responsibility and the daily practice of shared values: “Europe’s values become real when they are understood and practised in daily life… [people] are better equipped to act responsibly, resolve disputes lawfully, and protect dignity and freedom—both for themselves and for others.”

Applied to the Puerto Rico milestone, Arjona added that community institutions—religious and civil alike—tend to be most effective when they are transparent, open to dialogue, and focused on practical initiatives that strengthen dignity, responsibility, and cooperation across differences—principles that align with long-standing European priorities around civic participation and human rights.

The Church of Scientology, its churches, missions, groups and members are present across the European continent. “There is a continent-wide presence through more than 140 churches, missions and affiliated groups in at least all the 27 European nations, alongside thousands of community-based social betterment and reform initiatives focused on education, prevention and neighbourhood-level support, inspired by the work of Scientology founder L. Ron Hubbard” said Ivan Arjona.

Within Europe’s diverse national frameworks for religion, the Church’s recognitions continue to expand, with administrative and judicial authorities in Spain, Portugal, Sweden, the Netherlands, Italy, Germany Slovakia and others, as well as the European Court of Human Rights, having addressed and acknowledged Scientology communities as protected by the national and international provisions of Freedom of Religion or belief.

Media Contact

Organization: European Office Church of Scientology for Public Affairs and Human Rights

Contact Person: Ivan Arjona

Website: https://www.scientologyeurope.org

Email: Send Email

Address:Boulevard de Waterloo 103

City: Brussels

State: Brussels

Country:Belgium

Release id:41980

The post New Church of Scientology Opens in Puerto Rico Hosting Community Programmes appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

apM Members Signs Supply Agreement for apM e-Voucher with Global FX Total Solution Provider SentBe

Published

3 hours ago

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February 26, 2026

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Utilizing SentBe’s Stablecoin Infrastructure based on its MPI License. Aiming to launch service for overseas buyers within Q1 2026

Seoul, Korea South, 26th Feb 2026 – apM Members, an AI-driven fashion industry innovation IT company, announced on the 26th that it has signed a supply agreement for apM e-Voucher with SentBe, a global foreign exchange (FX) total solution provider.

Panoramic view of the three apM malls, home to more than 1,000 wholesale fashion brands

Through collaboration with the apM Group, which operates Korea’s largest wholesale (B2B) clothing shopping malls—apM, apM PLACE, and apM Luxe—apM Members provides apM e-Voucher, memberships, and AI services to over 110,000 B2B wholesale members.

SentBe is a global remittance and payment fintech specialist and the only Korean company to hold a Major Payment Institution (MPI) license in Singapore, which allows for legal tender payments worldwide. The company possesses “off-ramp” infrastructure to pay out stablecoins as legal tender globally through partnerships.

SentBe plans to resell apM e-Voucher to overseas buyers using its stablecoin (USDT) payment infrastructure. This is expected to significantly improve processing times and fees compared to traditional international remittance methods. Both companies plan to complete verification tests and gradually expand the service within the first quarter of 2026.

apM e-Voucher can be used at over 1,000 wholesale brands within apM, apM PLACE, and apM Luxe, and are utilized in the Dongdaemun fashion wholesale market, which has an annual scale of trillions of won.

Meanwhile, apM Members stated it is preparing the ‘apM 72P (Protocol Reserve)’ system in anticipation of a future ‘apM Token Direct Payment System’ . apM 72P is a technical reserve structure where a portion of protocol fees is converted into the native token (APM) to support core infrastructure such as ZK anchoring and L1 network validation. This is a technical preparation process to establish a stable environment for when a direct payment system can be introduced.

An official from apM Members said, “Through this collaboration, we will present a secure case study for stablecoin-based international payments in the global fashion distribution industry. We will steadily execute our long-term roadmap, including the potential introduction of an apM direct payment system”.

Media Contact

Organization: apM Members

Contact Person: WONHO CHO

Website: https://apm-members.com/

Email: Send Email

City: Seoul

State: Seoul

Country:Korea South

Release id:41957

Disclaimer: This press release is for informational purposes only. It does not constitute financial, investment, or legal advice. All forward-looking statements, including product developments, partnerships, and future services, are subject to change and are not guaranteed. Recipients should not rely solely on the information provided herein.

The post apM Members Signs Supply Agreement for apM e-Voucher with Global FX Total Solution Provider SentBe appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Tapbit Launches “Tapbit Listens” to Strengthen User Trust and Promote Responsible Crypto Trading

Published

3 hours ago

on

February 26, 2026

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As the digital asset market continues to evolve at a rapid pace, crypto trading is increasingly about more than charts, execution speed, and technical strategies. Market volatility, uncertainty, and past losses often place emotional and psychological pressure on traders — particularly newcomers navigating crypto space for the first time.

In response to these challenges, Tapbit has introduced Tapbit Listens, a dedicated user engagement program designed to provide professional support, clear guidance, and thoughtful responses to user enquiries. The initiative reflects Tapbit’s broader commitment to responsible trading, education, and long-term trust-building with its global user base.

Tapbit Listens – Submit Your Questions. Receive Professional Responses.

A User-Centered Engagement Program

Tapbit Listens is an interactive user engagement program under Tapbit, created to enhance user trust and foster long-term relationships. It serves as a safe and respectful space where users can submit questions, concerns, or uncertainties—anonymously if preferred—and receive professional responses from the Tapbit team.

The program is designed to support a wide range of users, including beginner traders seeking educational guidance, experienced traders navigating volatile market conditions, and users looking for clarity on platform features or risk management tools. At its core, Tapbit Listens is built on a simple principle: your questions, handled with responsibility and care.

Built on Care, Professionalism, and Education

Tapbit Listens is guided by three core pillars.

First, professional guidance. All enquiries are carefully reviewed by the Tapbit team, with responses designed to be informative, practical, and aligned with responsible trading principles. The program does not provide financial predictions or guarantees, focusing instead on clarity and education.

Second, human-centered communication. Tapbit recognizes that trading can be emotionally challenging, especially during periods of market turbulence. Tapbit Listens emphasizes calm, balanced communication, ensuring users feel heard rather than rushed.

Third, learning and advanced development. Tapbit believes continuous education is essential for long-term participation in the crypto ecosystem. Through Tapbit Listens, users are encouraged to strengthen their understanding, build confidence, and make informed decisions based on knowledge rather than impulse.

Tapbit Listens – Your questions. Our responsibility.

Engagement, Empowerment, and Growing Together

Tapbit views meaningful engagement as the foundation of trust. Tapbit Listens is not a one-way communication channel, but an ongoing dialogue that encourages users to ask questions, reflect, and participate actively.

By listening carefully and responding thoughtfully, Tapbit aims to empower users with knowledge, helping them better understand both opportunities and risks in the crypto market. This approach supports Tapbit’s vision of growing together with its users—building a more informed, resilient, and sustainable trading ecosystem over time.

How to Participate

Users may submit their enquiries to Tapbit Listens via email at:
📧 marketing@tapbit.com

All enquiries are reviewed by the Tapbit team. Selected submissions may receive attractive rewards.

A Commitment to Responsible Trading

Tapbit believes that sustainable growth in the crypto ecosystem comes from informed decision-making, emotional balance, and responsible risk management. Tapbit Listens reflects this commitment by supporting traders beyond transactions and reinforcing transparency, education, and care.

Tapbit Listens – Professional Support Beyond Trading

Disclaimer: Tapbit Listens provides general information and guidance only. Responses do not constitute financial, investment, or trading advice. Cryptocurrency trading involves risk, and users should make independent decisions based on their own circumstances.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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