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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

Nicolas Marketplace Launches An Italian-Inspired Salami Collection

Published

27 minutes ago

on

June 20, 2026

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Nicola’s Marketplace, an Italian specialty food retailer based in Kenilworth, New Jersey, announced the launch of an Italian-inspired salami and cured meat collection featuring sliceable Calabrian salami, spreadable ’nduja, duck prosciutto, and specialty coppa. The collection expands the company’s assortment of chef-curated products for charcuterie boards, antipasti platters, gifting, and at-home entertaining.

Kenilworth, New Jersey, United States, 20th Jun 2026 — Nicola’s Marketplace, an Italian specialty food retailer based in Kenilworth, New Jersey, has launched an Italian-inspired salami and cured meat collection designed to give customers more ways to explore traditional flavors, distinct textures, and regional food influences.

The collection brings together a selection of cured meats and spreadable salami products that can be served individually or combined as part of a charcuterie board, antipasti platter, specialty food gift, or Italian-inspired meal.

Among the featured products is Spotted Trotter Calabrian Salami, a sliceable cured meat with a savory flavor profile and noticeable spice. Calabrian-style salami is associated with the bold culinary traditions of Calabria, a region in southern Italy known for its use of chili peppers and robust seasonings.

The collection also includes two spreadable ’nduja options:

’Nduja Guys of Spilinga Spicy Spreadable Salami, 16 Ounces

’Nduja di Spilinga Spicy Spreadable Salami, 8 Ounces

Unlike firm salami that is sliced before serving, ’nduja has a softer consistency that makes it suitable for crostini, pizza, pasta sauces, roasted vegetables, sandwiches, and appetizers. Its texture and spicy flavor give customers another way to experience the culinary traditions associated with Calabria.

The assortment extends beyond salami to include additional specialty cured meats. Spotted Trotter Duck Prosciutto offers a distinct alternative to traditional pork-based prosciutto, while Spotted Trotter Coppa adds another sliceable cured meat option for customers preparing boards, appetizers, or Italian-inspired spreads.

“The goal of this collection is to help customers experience the variety that makes Italian specialty foods so enjoyable,” said Chef Nicola DiGiorgio, Founder of Nicola’s Marketplace. “Each product brings something different to the table. A sliceable Calabrian salami, a spreadable ’nduja, duck prosciutto, and coppa can all work together to create a board with a wider range of flavors and textures.”

The new collection is intended for both casual meals and special occasions. Customers can serve the cured meats with cheese, olives, crackers, taralli, honey, bread, roasted peppers, and other antipasti items. The products can also be incorporated into pasta dishes, sandwiches, and appetizer recipes.

Company representatives said the addition supports Nicola’s Marketplace’s broader focus on expanding access to specialty foods through its online store. Customers across the United States can explore chef-curated products that were previously more commonly found in specialty markets, regional food shops, or local Italian retailers.

The salami and cured meat collection joins the company’s existing assortment of handcrafted ravioli, artisan pasta, sauces, cheeses, olive oils, balsamic vinegars, baked goods, desserts, gift sets, and imported pantry items.

Products are available online according to current availability and published fulfillment schedules.

Shop now at nicolasmarketplace.com and explore Italian-inspired salami, cured meats, antipasti, and specialty foods.

About Nicola’s Marketplace

Founded by Chef Nicola DiGiorgio in 2022, Nicola’s Marketplace brings together authentic Italian flavors and farm-fresh ingredients to offer high-quality, handcrafted ravioli, sauces, cheeses, olive oils, desserts, specialty pantry items, and chef-curated gift selections. What began at local farmers’ markets has grown into a nationwide destination for artisan Italian food lovers.

Official website: https://nicolasmarketplace.com
Instagram: https://www.instagram.com/nicolasmarketplace
Facebook: https://www.facebook.com/nicolasmarketplace

Media Contact

Organization: Nicolas Marketplace

Contact Person: Chef Nicola

Website: https://nicolasmarketplace.com/

Email: Send Email

Address:735 Fairfield Ave, Kenilworth, NJ 07033

City: Kenilworth

State: New Jersey

Country:United States

Release id:46262

The post Nicolas Marketplace Launches An Italian-Inspired Salami Collection 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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Bryan Tsikouris Says Claude AI’s Discovery of a Critical Zcash Vulnerability Signals a New Era for Cybersecurity

Published

41 minutes ago

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June 20, 2026

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San Francisco, CA, Jun 20, 2026, ZEX PR WIRE — The discovery of a critical vulnerability in the Zcash blockchain by a security researcher working with Anthropic’s Claude AI has sparked discussion in cybersecurity. The flaw, which reportedly existed for years, could have allowed the creation of counterfeit Zcash tokens. The discovery has highlighted a broader trend that technology and security expert Bryan Tsikouris believes will reshape the future of cyber defense.

According to reports, the vulnerability was identified during an AI-assisted security audit using Claude Opus 4.8. Researchers indicated that the flaw had remained undetected for nearly four years despite scrutiny from experienced developers and cryptographers. Following public disclosure of the issue, Zcash experienced a sharp market decline as investors reacted to concerns about the cryptocurrency’s integrity and security.

For Tsikouris, however, the most important aspect of the story is not the market reaction but what the discovery reveals about the evolving role of artificial intelligence in cybersecurity. “This is one of those moments that forces the technology industry to rethink what is possible,” said Tsikouris. “The fact that an advanced AI system helped uncover a vulnerability that had remained hidden for years demonstrates how quickly cybersecurity capabilities are changing. We are entering an era where AI is becoming an essential partner in identifying risks that human teams may overlook.”

Tsikouris has spent decades working in software and network security, helping organizations identify weaknesses before they become costly incidents. Throughout his career, he has witnessed multiple waves of technological transformation, from the emergence of personal computing to the rise of cloud infrastructure and blockchain systems. He believes AI-assisted security research may ultimately have an impact comparable to those earlier technological shifts. “For years, cybersecurity professionals have relied on manual code reviews, automated scanning tools, and penetration testing to find vulnerabilities,” Tsikouris explained. “Those methods remain extremely valuable, but AI introduces something new. It can analyze massive amounts of code, identify patterns, test assumptions, and evaluate potential attack paths at a scale that would be difficult for human teams to match.”

The Zcash incident is not an isolated example. Recent reports have shown that advanced AI models can identify hundreds of high-severity software vulnerabilities across open-source projects, often accelerating processes that traditionally required significant human effort. Researchers and developers are increasingly using AI systems to augment security testing, code auditing, and vulnerability analysis.

Tsikouris believes this trend will create a significant competitive advantage for organizations that embrace AI-powered security programs. “Cybersecurity has always been a race between defenders and attackers,” he said. “What AI changes is the speed of that race. Organizations that leverage AI to evaluate their systems continuously will be able to discover and remediate vulnerabilities faster than ever before. That capability could dramatically reduce the likelihood of costly breaches.”

At the same time, Tsikouris cautions that AI is not a substitute for experienced security professionals. Instead, he views it as a force multiplier that enables experts to focus on higher-level analysis and decision-making. “AI can identify potential vulnerabilities, but human expertise remains critical,” Tsikouris said. “Security professionals provide context, validate findings, assess business impact, and determine the best course of action. The strongest cybersecurity programs will combine AI-driven analysis with experienced human judgment.”

He also notes that the rise of AI-assisted vulnerability discovery presents new challenges. If defenders can use advanced AI to uncover hidden flaws, attackers may eventually use similar technologies to identify and exploit weaknesses more quickly. This dynamic makes proactive security investments increasingly important. “The organizations that wait to adapt will face growing risks,” Tsikouris said. “AI is raising the ceiling for both offensive and defensive cybersecurity capabilities. The key is ensuring that defenders stay ahead.”

Looking ahead, Tsikouris expects AI-assisted security audits to become a standard component of software development, blockchain security, and enterprise risk management. He believes businesses of all sizes should begin exploring how AI can strengthen their security posture today rather than treating the technology as a future consideration. “The Zcash discovery may be remembered as more than just a cryptocurrency security incident,” Tsikouris concluded. “It could become one of the clearest examples of how artificial intelligence is transforming cybersecurity. The organizations that learn to work alongside these systems will be better positioned to protect their assets, their customers, and their future.”

About Bryan Tsikouris

Bryan Tsikouris is a seasoned technology expert based in Illinois with decades of experience in software and network security. As an independent consultant, he helps organizations identify vulnerabilities, strengthen operational resilience, and integrate emerging technologies such as blockchain and artificial intelligence. Throughout his career, Bryan has helped businesses prevent costly disruptions and improve their long-term security posture.

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From a Calling to International Recognition: ENKU Brings Japanese Calligraphy to Global Audiences

Published

19 hours ago

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June 19, 2026

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Japan, 19th Jun 2026 — Self-taught Japanese calligraphy artist ENKU is developing a contemporary body of work that combines traditional calligraphy, performance, installation art, and cultural storytelling.

Beginning his calligraphy journey in 2024 without formal training, ENKU draws inspiration from language, Japanese cultural traditions, history, and the relationship between written characters and human experience.

Through exhibitions, live performances, and collaborative projects, ENKU explores how calligraphy can be experienced not only as writing, but also as visual art, movement, sound, light, and reflection.

Latest Publicly Released Work

Picture 1

Exhibited in Shibuya, Tokyo, in November 2025, ENKU’s latest publicly presented work explores themes of meaning, purpose, reflection, focus, direction, and character through a composition inspired by traditional Japanese and Buddhist visual concepts. The work is structured around two symbolic worlds: one connected to spirit, wisdom, and clarity, and the other connected to life, light, and origin.

The composition brings together four interconnected concepts related to purpose, focus, direction, and character. Created using gold and silver foil, the appearance of the work changes depending on the viewer’s position and angle. ENKU created the piece with the intention of encouraging reflection, calm, and contemplation.

Koto and Calligraphy Collaboration Performance

Picture 2

In June 2025, ENKU presented a collaborative performance combining Japanese koto and live calligraphy. For the performance, he created a custom gold folding screen and incorporated two central themes: the miracle of life and the flow of time.

Using glow-in-the-dark materials, ENKU transformed the performance space into an immersive visual experience, expressing these ideas through lines and points of light emerging from darkness. The work invited audiences to experience changing perspectives through the folding screen structure, light, and movement.

The Story Behind the Artist

ENKU traces the beginning of his calligraphy journey to a deeply personal experience in late 2023, which inspired him to begin studying calligraphy independently in March 2024 despite having no formal training or prior experience beyond elementary school handwriting classes.

Originally drawn to language, Japanese culture, tradition, and history, ENKU’s work explores the origins and meanings of words, the beauty of written forms, and the cultural idea that words can carry influence beyond their literal definitions.

From First Exhibition Challenge to Ongoing Practice

Shortly after beginning calligraphy, ENKU decided to pursue international opportunities and applied for a New York exhibition after discovering an open call through social media. Once accepted, he faced the challenge of creating an exhibition-ready artwork despite never having made one before.

As the deadline approached, he struggled to create a work he felt satisfied with. A single phrase, translated as “Divine Wind,” came to mind, and the piece inspired by that phrase became his first exhibited work. ENKU describes this as his first major wall as an artist.

Why Calligraphy Matters in the Age of AI

ENKU believes contemporary calligraphy offers a physical, time-intensive, and human experience in an increasingly digital age. He sees the act of creating and encountering calligraphy as something that can refine people’s sensibilities and give viewers a direct experience of being alive.

At a time when AI is becoming increasingly present, ENKU’s work emphasizes hand-made expression, material presence, physical effort, and the emotional impact of written form.

Future Vision

Through calligraphy, ENKU aims to become an artist active not only in Japan but around the world. One of his long-term goals is to create a work valued at 100 million yen.

Japanese Taiko Drums, Koto, and Calligraphy Collaboration Performance

Picture 3

In November 2024, ENKU presented an early collaborative performance combining Japanese taiko drums, koto, and calligraphy. The performance explored the relationship between sound, language, meaning, and written expression through layered calligraphic forms.

This performance marked one of ENKU’s first attempts to expand calligraphy beyond the page and into a live, multi-sensory format.

About ENKU

ENKU is a self-taught Japanese calligraphy artist based in Tokyo. Beginning his calligraphy practice in 2024, he combines traditional Japanese calligraphy with contemporary performance, installation, light-based expression, and themes rooted in language, culture, history, and human experience.

Media Contact: 

ENKU | Contemporary Calligraphy Artist

Email: enku.u.sky@gmail.com

Phone: +81 80 4189 3903

Instagram: https://www.instagram.com/enku.u_do01 

LinkedIn: https://www.linkedin.com/in/enku11011  

Media Contact

Organization: Contemporary calligraphy artist ENKU

Contact Person: ENKU

Website: https://www.linkedin.com/in/enku11011

Email: Send Email

Country:Japan

Release id:46259

The post From a Calling to International Recognition: ENKU Brings Japanese Calligraphy to Global Audiences 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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