Money for Mankind
Money as it should be
Goosie is money as it should be:
• issued not by government but by the people who use it
• backed by real assets not by debt
• automated by a smart contract not by fallible humans
• run as a private club with no centralised company in control.
How it works
Goosie is an open source protocol that allows you to self-loan based on the crypto assets you deposit.
The loans are made in the Goosie coin. Goosie are pegged to gold. When you want to release your crypto you simply repay the same value of Goosie that you took out for your loan.
It can be implemented into existing crypto solutions such as wallets and exchanges.
Unlike other lenders you:
• pay no interest
• repay the loan at any time
• stay in control of your assets at all times
• never take a loss by having your assets sold if their value falls below a given threshold (a margin call).
How many Goosie do I get?
Goosie are always loaned to 54% of the value of the crypto you deposit as collateral. 50% goes to you. 4% goes to maintain the system. You only pay the 4% when you pay back the loan.
Because there is no risk of a margin call Goosie enables you to:
• Use your self-loan to buy more crypto, not just 50% more but up to double the value of crypto deposited.
• Lock in the value of 50% of the crypto you deposit. For example, you deposit $200 worth of Bitcoin you receive $100 worth of Goosie. If the value of your Bitcoin falls to $20, because the value of Goosie is pegged to gold with a stable value you still have $100 worth of Goosie. In other words, Goosie is protecting 50% of the value of the Bitcoin you deposited.
Goosie is money as it should be:
• issued not by government but by the people who use it
• backed by real assets not by debt
• automated by a smart contract not by fallible humans
• run as a private club with no centralised company in control.
How it works
Goosie is an open source protocol that allows you to self-loan based on the crypto assets you deposit.
The loans are made in the Goosie coin. Goosie are pegged to gold. When you want to release your crypto you simply repay the same value of Goosie that you took out for your loan.
It can be implemented into existing crypto solutions such as wallets and exchanges.
Unlike other lenders you:
• pay no interest
• repay the loan at any time
• stay in control of your assets at all times
• never take a loss by having your assets sold if their value falls below a given threshold (a margin call).
How many Goosie do I get?
Goosie are always loaned to 54% of the value of the crypto you deposit as collateral. 50% goes to you. 4% goes to maintain the system. You only pay the 4% when you pay back the loan.
Because there is no risk of a margin call Goosie enables you to:
• Use your self-loan to buy more crypto, not just 50% more but up to double the value of crypto deposited.
• Lock in the value of 50% of the crypto you deposit. For example, you deposit $200 worth of Bitcoin you receive $100 worth of Goosie. If the value of your Bitcoin falls to $20, because the value of Goosie is pegged to gold with a stable value you still have $100 worth of Goosie. In other words, Goosie is protecting 50% of the value of the Bitcoin you deposited.