About Gauss
Ethash PoW
GS introduces CPoW which could prevent mining monopoly and reduce the market circulation.
Liquidity Mining
Liquidity mining allows participants to trade the time value of assets while rewarded with GS.
Reward Distribution
Reward Distribution
Gauss mainnet mining combines PoW with Liquidity. Apart from traditional PoW mining, GS brings the innovative Discount PoW (DPoW) and Conditional PoW (CPoW).
For each block, 5% rewards automatically enter the Gauss Foundation, and the remaining rewards will be default PoW 50% and Liquidity 50%.
Allocation Scheme
Allocation Scheme
Gauss mainnet is designed with no Premine nor ICO, which means all participates include early developers mine fairly.
GS mainnet will automatically allocate 5% of each block reward to Foundation address. This provides the developer a stable fund to operate and maintain the mainnet and implement development plan.
Cryptocurrency Industry Problems
Cryptocurrency Industry Problems
Traditional PoW Problems
Expensive mining rigs and electricity fee burden leads to power monopoly and raises barrier for retailer miners.
Cryptocurrency Finance Problems
Low capital efficiency which could not provide help to retail investors.
Yield and principle security dilemma.
GS Key Features
GS Key Features
Practical Application:
Liquidity mining allows participants to trade the time value of assets while rewarded with GS.
CPoW:
Conditional mining brings deposit mechanism to prevent Hash power monopoly.
Integration:
Assembly miners, retailer investors and sleeping capital.
Security:
Excess mortgage and distribution index secure users assets.
Dual PoW
Dual PoW
Discount-PoW (DPoW)
Under Gauss DPoW system, miners mine like Bitcoin but only get 5% of the normal reward, namely discounted reward. The remaining 95% of the rewards automatically enter the Gauss Foundation.
Conditional-PoW (CPoW)
To start mining GS, miners are required to obtain a certain amount of hash power quota first. Miners have to deposit GS on mainnet to get hash power quote. In the early stage, Gauss requires about 4GS deposited on Gauss mainnet to obtain 1M quote with 100% mining rewards.
Dual Pow Advantages
Dual Pow Advantages
No Hash Power Monopoly
CPoW deposit mechanism could prevent hash power monopoly from the beginning and leave more space to retailer investors.
Deflation Mechanism
CPoW deposit mechanism will reduce the circulating supply and makes a natural deflation mechanism.
Community Integration & Currency Attribute
The CPoW high reward prompts miners and investors to cooperate. In the process, GS could be used as a currency to par for labor.
Smart Contract
Smart Contract
The Gauss Decentralized Deposit (GDD) Smart Contract runs on the Gauss mainnet and is used to establish a margin relationship between mainnet and users. Each user's wallet account has two categories: Normal balance and Deposit balance.
Liquidity
Liquidity
Gauss mainnet rewards 10,000 GS every 24 hours, after Foundation quota, 50% of the rest GS will be automatically allocated as liquidity mining rewards. Rewards will be distributed equally between borrowers and lenders sides.
Reward distribution is calculated and distributed every block (every 5mins).
Distribution Incentive
Distribution Incentive
The initial three accepted underlying assets are BTC, ETH and USDT and the reward distribution factor of lender and borrower set as BTC 20%, ETH 30% and USDT 50%.
By alter the distribution factors, GSP could guarantee the balance of deposits and loans. GSP decentralizes the adjustment power to community through the Governance system.
Liquidation
Liquidation
GSP adopts a 150% liquidation ratio. Liquidation occurs when borrowing assets value exceeds their borrowing capacity due to the value of deposit falling, or borrowed assets increasing in value.
GSP automatically triggers liquidation once threshold has been reached.
GSP charges15% liquidation penalty. Borrower deposit asset will be auctioned to cover corresponding fund pool, residual returns to borrower account.
Governance
Governance
The GS community plays an important role in the governance of the Gauss System. Governance consists three parts:
-
General Governance
-
Dual Mining Governance
-
Liquidity Mining Governance
The Active Proposal is the smart contract that has been empowered by GS voting to gain root access to modify the internal governance variables of the Gauss System.
After each vote, Gauss team will need up to three days to update the system and make the motion effect.
Daniel Rybak
Early Bitcoin investors; Backend and Blockchain developer with core expertise in Ethereum.
Design & Branding
Former Oracle Senior Tech. Front end developer with experience in Mern Stack development.
Jaz Sanderson
Former Facebook EU Marketing Director; Focus on brand building and user growth
Thomas Lauber
Former Pinterest community manager; Focus on creating, strengthening and integrating communities
Farid Brownlee
Former Centerview Partners and Goldman Sachs investment adviser; Rich experience in global wealth and investment business.
