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.