GimSwap Docs
English
English
  • Introduction
    • Overview
    • Core Principles
    • Audit
  • GimSwap Guide
    • What is KRWO?
    • How to Get KRWO
    • What is Liquidity Pool?
    • How to Provide Liquidity
    • How to use Quick Deposit
  • Official Websites
    • GimSwap
    • GimSwap Github
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  • 100% Fiat-Backed
  • Transparency and Decentralization
  • Scalability and Interoperability
  1. Introduction

Core Principles

GimSwap, the first platform to launch Korean Won stablecoin, is committed to three core principles to ensure maximum stability and trust.

100% Fiat-Backed

  • KRWO is fully backed by Open(Voucher) vouchers (OV vouchers), which are assets that are backed entirely by fiat currency.

  • Open Asset Co., Ltd. is responsible for maintaining stability of the fiat reserves for OV vouchers through regular audits conducted by independent auditing firms.

Transparency and Decentralization

  • All of GimSwap's smart contracts are available on GitHub, providing confidence to users.

  • The deployed smart contracts are designed to be immutable, preventing any modifications by a single entity and ensuring autonomous operation on the blockchain.

Scalability and Interoperability

  • While GimSwap currently supports KRWO on the Kaia Chain, it aims to expand its ecosystem across multiple blockchains to enhance accessibility and flexibility.

  • Operating on diverse networks will facilitate greater liquidity, mitigate risks, and secure the long-term stability of the KRWO ecosystem.

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Last updated 7 months ago