Let me introduce Zeitgeist

gem_zeitgeist
GEM.zeitgeist
Published in
2 min readMar 8, 2024

What is Zeitgeist?🤔

Zeitgeist is a specialized issuer of flat coins that offers a fixed exchange value, supporting the GEM ecosystem by providing stability linked to inflation in the volatile cryptocurrency market, thus helping to preserve the value of one’s assets.

How Zeitgeist Maintains Flat Tokens

One of the main advantages of Flat Coin is its ability to maintain stability in proportion to the value of inflation, even amidst market turmoil. Zeitgeist maximizes this advantage by offsetting market seigniorage and preparing for sudden fluctuations in the currency market through:

â—ľ Greenlight Algorithm Based on Smart Contracts

The majority of assets in the GEM ecosystem are issued based on a 1:1 ratio with real-world assets (RWA).

If an RWA loses its value due to usage, exchange, destruction, etc., the Greenlight Algorithm immediately notifies the ecosystem’s partners and the asset’s owners, taking appropriate actions according to the asset’s operational policy.

Each operational policy varies according to the underlying asset group of the GEM TOKEN.

â—ľ Price Information Collection

Price information for the underlying assets of GEM is collected through specific sites.

Price information for assets traded with GEM is gathered through the Greenlight Algorithm, which includes indices from DEXs and centralized exchanges as well as several additional oracle rules.

Mission of Zeitgeist

To ensure that FLAT COIN does not lose its existing status in the market and becomes a digital currency with complete safety, Zeitgeist aims to create an environment where new users can become familiar with the main concepts of FLAT COIN.

Join GEM via link below

đź“ŤWebsite: https://swap.gempay.me

đź“ŤTwitter: https://twitter.com/gem_zeitgeist

đź“ŤTelegram: https://t.me/gem_zeitgeist

đź“ŤReddit : https://www.reddit.com/user/GEM_zeitgeist/

đź“ŤNaver Blog: https://blog.naver.com/gem-zeitgeist

đź“ŤYouTube : https://www.youtube.com/@zeitgeist_GEM

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gem_zeitgeist
GEM.zeitgeist

Global E-Money protocol for WEB 3.0 Digital asset farmer