Gemini Dollar GUSD to Skychain SKCH Exchange

Crypto Pair Details: GUSD to SKCH

Gemini Dollar GUSD

The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators. Get Gemini dollars 1-to-1 for U.S. dollars on Gemini. Gemini dollars can be used on the Ethereum network. ISSUER The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company. BANK U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. bank and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations. EXAMINATION The U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and available here. SECURITY AUDIT The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm, whose report is publicly available here. Gemini was founded four years ago with a mission: build a bridge to the future of money. Gemini dollar aims to combine creditworthiness and price stability of the U.S. dollar with blockchain and the oversight of U.S. regulators, the New York State Department of Financial Service. Gemini dollar is a stable value coin that is: 1. issued by Gemini, a New York trust company 2. strictly pegged 1:1 to the U.S. dollar 3. built on Ethereum network according to ERC20 token standards Starting 10th September 2018, you will be able to convert U.S. dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. You will also be able to automatically convert GUSD back as USD into your Gemini account. GUSD is expected to be listed on Bibox soon.

Skychain SKCH

Skychain is an open infrastructure, based on blockchain, which provides the possibility to create, train and use high-quality medical neural networks. IBM estimates the artificial intelligence market in the healthcare sector to reach $200 billion in a few years. Skychain’s goal is to control more than 70% of that market! The way to achieve this goal is to create the best open infrastructure that will accumulate the resources of the majority of participants of this industry and surpass any closed corporate product. The mission of Skychain is to save 10 million patients from premature death due to medical errors within 10 years. Medical errors are the third leading cause of death, but artificial intelligence can dramatically reduce the number of such errors! Skychain intends to provide an infrastructure to radically increase the efficiency of healthcare AI development and training. It will make diagnostic AI systems far more accessible and affordable for the consumer by using blockchain technologies to facilitate safe transactions between the key parties. Skychain is unique. The project is based on the revolutionary approach of using smart contracts to bring together many healthcare big data providers whose data is vital for AI training, thousands of independent AI developers, computational resource providers (crypto miners), and millions of consumers.

SOURCE: COINGECKO

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