Global Open Source Currency Index (GOSCI) is an independent volatility benchmark for Stablecoins
Stablecoins should be stable and benchmarked against GOSCI (Global Open Source Currency Index)
Many in the cryptocurrency community worry that Facebook's cryptocurrency will usher in centralized corporate control on a global scale.
This what motivated us to launch GOSCI – Global Open Source Currency Index. We want a level playing field via a benchmark that is independent from institutional control (either corporate or government).
The best Stablecoin is the most stable (aka least volatile) Stablecoin, not the one with the most corporate clout.
GOSCI is a free, open source model of 15 currencies, comprising more than 90% of global GDP.
You can use GOSCI to benchmark any Stablecoin – including Stablecoins from corporate giants such as Facebook. GOSCI is not itself a Stablecoin or a currency. You cannot use GOSCI as a store of value or medium of exchange. We designed GOSCI with a single focus - to be a volatility benchmark.
The model is a free/open source project, created by Daily Fintech, but with an independent governance structure.
There is an option to pay for the right to use the GOSCI name and to be involved in GOSCI model governance.
At some point in the future, USD will be replaced as the global reserve currency. No global reserve currency lasts forever. The transition to the next global reserve currency coming at a time when cryptocurrencies are gaining traction is a unique moment in history.
The question is what will replace the USD?
GOSCI is designed to avoid the control of large corporations over cryptocurrencies and Stablecoins
About Daily Fintech
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To learn more about this volatility benchmark for Stablecoins, please contact
Bernard Lunn, CEO
Muri bei Bern, Switzerland
Phone: + 41-78-949-0234