What is Grain.Finance

GRAIN.FINANCE is a cross-chain DeFi Protocol that allows users to trade Precious metals, Commodities, and Stock.

GFrain Finance Protocol employs a two-token system. The first being, Grain (GRN), a governance token that is used by stakeholders to maintain the system and for managing the Protocol. GRN token holders are the decision-makers of Grain Finance Protocol, supported by the larger public community and various other external parties. The second being, asset class tokens representing the DeFi Precious Metals, Commodities and Stocks i.e gGold (gXAU), gSilver (gXAG), gPalladium (gPA), and gPlatinum (gPL); gCocoa (gCC), gCoffee (gKC), gCopper (gCU), gCotton (gCT), and gSugar (gSB); gApple (gAAPL), gGoogle (gGOOGL), gFacebook (gFB), gAmazon (gAMZN), gTwitter (gTWTR), gTesla (gTSLA) etc. The Grain Finance community believes that a decentralized digital currency soft-pegged to the real-life value of Precious Metals, Commodities and Stocks, is required to have any business or individual realize the advantages of securities and safe-haven digital assets on Decentralized Finance.

The community can generate XAU Digital using the XAU Protocol by leveraging Binance (BNB) as collateral through unique smart contracts. Additionally, with time through community votes using Grain (GRN), the XAU Protocol governing token, more BEP-20-based assets that will be approved will be integrated into the XAU Protocol. Voting is a critical component of the XAU decentralized governance process.

Blockchain technology provides an unprecedented opportunity to ease the public’s growing frustration with and distrust of dysfunctional centralized financial systems. By distributing data across a network of computers, the technology allows any group of individuals to embrace transparency rather than central-entity control. The result is an unbiased, transparent, and highly efficient permissionless system, one that can improve current global financial and monetary structures and better serve the public good.

Bitcoin was created with this goal in mind. But, while Bitcoin succeeds as a cryptocurrency on a number of levels, it is not ideal as a medium of exchange because its fixed supply and speculative nature results in volatility, which prevents it from proliferating as mainstream money.

XAU Digital, on the other hand, succeeds where Bitcoin fails precisely because XAU Digital is designed to minimize price volatility. A decentralized, unbiased, collateral-backed cryptocurrency that is soft-pegged to one troy fine ounce of gold on a good delivery gold bar, XAU’s value is in its stability and being that it is a safe-haven digital asset.

As the cryptocurrency industry grows, other banks, financial services companies, and even governments will create stable digital currencies (e.g. Central Bank Digital Currencies), as will large organizations outside of the finance sector. Facebook, for example, announced its plans for Libra, “a stable digital cryptocurrency that will be fully backed by a reserve of real assets,” in June 2019. However, such proposals forfeit the core value proposition of blockchain technology: global adoption of a common infrastructure without a central authority or administrator that may abuse its influence.