Whitepaper

Short Description

Last Revised: April 14th 2023

The AmerG Stablecoin System & The GwaySBC Protokol Platform

Overview of the AmerG Stablecoin System

Bitcoin (BTC) and Ether (ETH), two of the world’s most widely used digital assets, are far too volatile to be employed as everyday currency. Bitcoin can experience drastic changes in value within a 24-hour period – even soaring up to 300% in one month, or even dropping 25% in a day. Such extreme fluctuations render cryptocurrencies unsuitable for use out of investment purposes.

Crypto didn’t fail. People failed. All existing StableCoin system in one way or another centralized. We already saw Crypto-Collateralized Stablecoins, Algorithmic Stablecoins, and Fiat-Collateralized Stablecoins can be manipulated at some point, all lies are brought to the surface and truth comes forth no matter how hard they try to hide it. And in that case, any project based on lies, promises, and trusts will fail and it doesn’t matter how big this project is, it will fall and that’s it.

AmerG is based only on real assets(BTC,ETH for now) and Strong belief in a community. AmerG is a collateral-supported cryptocurrency intended to preserve consistency in its worth relative to the US Dollar. We strongly believe that digital assets like AmerG are necessary for maximizing the potential of blockchain technology. This is a unique way for stability and financial health. The Cryptocurrency future it’s AmerG. AmerG is pegged to the customer’s ability to pay off the debt and Responsibility fee by borrowing AmerG against an asset in a Collateralized Secured loan (CSL), also to community consensus of 1 AmerG = 1 USD.

Overview of the GwaySBC Protokol

GwaySBC - The New Protocol With Its Based on Strong Believes in a Community! Here you never find something like manipulation, speculation, liquidation, or non-proofs of reserve assets.

GwaySBC Protokol is an Ethereum smart contract platform that facilitates the stability of AmerG value by employing a series of Collateralized Secure Loan Smart Contracts or what we have innovated as Collateralized Secure Loan Smart Contracts (CSL).

GwaySBC Protokol is revolutionizing the world of Ethereum assets by letting anyone generate AmerG on the GwaySBC Platform. This generated AmerG can then be used like any other cryptocurrency - to make payments, send it to others or hold it as savings. What’s even more interesting is that generating AmerG also creates the necessary components for a reliable decentralized margin trading platform.

GwaySBC Key Features

*CSL - Collateralized Secure Loan Smart Contracts

With your collateral assets, you can access the GwaySBC Platform and generate AmerG. With the help of GwaySBC’s exclusive smart contracts known as Collateralized Secure Loans (CSL). Generating AmerG is efficient on this platform with the parcel of loan added to it. This loan effectively locks the deposited collateral assets inside the CSL until it is later covered by paying back an equivalent or partial amount of AmerG.

At this point, the owner can again:

Refinance their collateral from 120% up to 500%.
Reimburse borrowed AmerG.
Pay Accumulated Responsibility fee.

The CSL interaction process.

Step 1: Creating the CSL and depositing collateral

The CSL user first sends a transaction to GwaySBC to create the CSL, then another transaction to fund it with the amount and type of collateral used to generate AmerG. At this point, the CSL is considered collateralized.

Step 2: Generating AmerG from the collateralized CSL

The CSL user then sends a transaction to retrieve the amount of AmerG they want from the CSL, and in return the CSL accrues an equivalent amount of debt, locking them out of access to the collateral until the outstanding debt is paid back an equivalent or partial amount of AmerG.

Step 3: Paying down the debt and Responsibility Variable Annual Fee

When the user wants to Reimburse - they can do that anytime they want, by reimbursing AmerG they will be burned and retrieved from the available total supply in the system.

When the user wants to Pay the Accumulated Responsibility fee - The responsibility Variable Annual Fee can only be paid in AmerG. Once the user sends the requisite AmerG to the CSL, paying down the debt and Responsibility Variable Annual Fee, the CSL becomes debt free.

When the user doesn’t pay his debt - In case if the user doesn’t take responsibility for his debt for more than 90 days the system may take action,which will decrease the total collateral amount of the asset by an equivalent missed payment days period.

Step 4: Refinance collateral

When the user wants to Refinance - they have to pay back an equivalent or partial amount of AmerG the debt in the CSL.

Refinance variable fee = 12% for debt balance in your account

Step 5: Deposit collateral into GwaySBC

Deposit your asset into our smart contract and start borrowing AmerG against it. Users will have a grace period of 90 days for No need to worry about the Responsibility fees if you don’t pay them back right away.

Assets.

If you have collateral items, the GwaySBC Protokol can help you take advantage of them to create and receive AmerG. We provide a full transparency system and will make sure that every one of your assets is invested into the blockchain in a verifiable manner. Your asset will be safely stored within our smart contract - even when it’s not being used For safety reasons After 3 months cycle all assets will be transferred to a cold wallet.

Safely leverage your assets to build upon AmerG stability. This innovative approach maintains balance by entrusting the user with paying back their monthly Responsibility fee rate for borrowed AmerG, otherwise, the protocol will proportionally decrease its asset depending on how much debt is left unpaid.

External Key Features:

Transparency.

Using the GwaySBC Protokol smart contract and a transparent, open-source protocol, we can provide full visibility on all transactions. We ensure that your assets are never lost or misused in any way.

Security.

Our platform uses advanced anti-fraud technology to keep user data and collateral safe. All information is stored in the blockchain which cannot be manipulated, is unhackable, and is unchangeable.

AmerG Tokenomics

Token name: AmerG Stablecoin
Ticker Symbol: AmerG
Ethereum Blockchain: 0x3963A62009C56634f9b5F115f8dB17C39D88B633
Binance Smart Chain Blockchain: 0x3963a62009c56634f9b5f115f8db17c39d88b633
Total Supply: The supply of AmerG is not fixed and can increase or decrease.
Ethereum(ERC-20) Vault: 0xAb9a4238a457640E7A9aE62C176b7f587D1bfD0b
wBTC(ERC-20) Vault: 0xE551B113B91cee0b7c8E51c5738Ca4c66014CA81
Audit: SpyWolfNetwork

AmerG is a collateral-supported cryptocurrency that is pegged to the US Dollar. The value of AmerG is maintained by the customer’s ability to pay off their debt and responsibility fee by borrowing AmerG against an asset in a Collateralized Secure Loan (CSL).
The AmerG stable coin system is based on real assets such as Bitcoin (BTC) and Ether (ETH), which are used as collateral for the CSL. This ensures that AmerG is not subject to the extreme volatility seen in cryptocurrencies such as BTC and ETH.
The community consensus is that 1 AmerG is equal to 1 USD, providing stability and predictability for users.
AmerG can be generated on the GwaySBC Platform by anyone who wishes to do so. The generated AmerG can be used for payments, sending to others, or holding as savings. This creates the necessary components for a reliable decentralized margin trading platform.
The GwaySBC Protocol is an Ethereum smart contract platform that facilitates the stability of AmerG value by employing a series of Collateralized Secure Loan Smart Contracts (CSL). This ensures that AmerG is transparent, secure, and not subject to manipulation or deception.
The AmerG stable coin system is designed to stop all speculation, deception, and manipulation. The goal is to create a secure foundation that garners trust from all users, in a fair manner for each individual.
The AmerG stable coin system is an innovative approach to borrowing, paying responsibility fees, and leveraging collateral. It provides users with all the tools they need to make the most of their assets safely and reliably.

Conclusion.

The GwaySBC Protokol with the AmerG token is an innovative approach to borrowing, paying Responsibility fees, and leveraging collateral which provides users with all the tools they need to make the most of their assets safely and reliably. The platform values transparency and security thus the need to create an approach suitable to the public’s trust.

We devised this method to stop all speculation, deception, and manipulation. Let’s get back to the original goal of Bitcoin on the day it was created. It is important to integrate AmerG into our lives so that we don’t have to expend energy or time converting crypto into fiat; otherwise, only big players in the industry will benefit from the fluctuations in value.

Fueled by the vision of GwaySBC Protokol, we are creating an advanced way to revolutionize DeFi. Our mission is to create a secure foundation that garners trust from all users, in a fair manner for each individual.

Exemple:

The AmerG Stablecoin System can be used by anyone without any restrictions or sign-up process.

Exemple 1: Elon needs a loan, so he decided to generate 1000$ AmerG. He will lock an amount of ETH or BTC worth more than 1000$ in a CSL and uses it to generate 1000 AmerG. The 1000 AmerG will be instantly sent to Elon’s Ethereum Account. Assuming that the Stability Fee is 3% per year, Elon will need 30 AmerG/12 Months = 2.5 AmerG/Month without decreasing his asset balance locked to cover the CSL. (Anyway Elon will have a grace period of 90 days for No need to worry about Responsibility fees if he doesn’t pay them back right away.)