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Stable Tokens
from Stable Assets

The Platform for Tokenized Fiat-backed Assets.

Swap

Total Locked Open Voucher

137,438 OV

KRWO total supply

1,374,380,000 KRWO

On BNB Chain

Locked Open Voucher

27,874 OV

KRWO total supply

278,740,000 KRWO

Address

Link

0x5868A0Bc3a64CFf82e19A135E17fE18E18E03bC1

On Kaia

Locked Open Voucher

109,564 OV

KRWO total supply

1,095,640,000 KRWO

Address

Link

0x7FC692699f2216647a0E06225d8bdF8cDeE40e7F

GIMSWAP Benefit

RWA

100%
Fiat-backed

Tokens issued by GimSwap are fully backed by fiat-based assets, making them interchangeable with those assets

convenient

Convenient Trade
and Usage

Fiat-backed tokens can be seamlessly traded on the blockchain and utilized in everyday transactions or incorporated into service.

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Transparency
and Decentralization

GimSwap’s contract is immutable and open-source, ensuring complete transparency and trust.

Introducing KRWO

KRWO
KRWO is a KRW-based stablecoin, designed to offer stability by eliminating exposure to foreign exchange volatility and GIMP. Every KRWO is fully backed by Fiat-backed Assets, ensuring it can be exchanged 1:1 for Korean Won.
What is KRWO?

KRWO is a Fiat-backed Asset token backed by a voucher token, Open(Voucher), which can be exchanged on a one-to-one basis for Korean Won. It is designed to serve as a bridge that connects the real world to the Web3 ecosystem.

Is KRWO a stablecoin?

KRWO could be considered an asset-backed stablecoin, one of the safest types of stablecoins. Since it is fully backed by Fiat-backed Assets, you can redeem Korean Won by exchanging KRWO for Open(Voucher), or mint KRWO by purchasing Open(Voucher) with Korean Won.

What is Open(Voucher)?

Open(Voucher), a voucher that can be exchanged for Korean Won on a one-to-one basis, is issued by Open(Asset). It is designed to be used and transferred on the blockchain, allowing it to be freely utilized across various Web3 ecosystems beyond the Open(Voucher) service.

Where can I get Open(Voucher)?

There are two main ways to obtain Open(Voucher):

  • Purchase from the Open(Voucher) Service:
    The Open(Voucher) Service allows users to buy and refund Open(Voucher) in Korean Won via bank transfer. Anyone with a Korean bank account can deposit funds into the Open(Voucher) service and receive Open(Voucher) in return.
  • Purchase from a DEX:
    Open(Voucher) is available on decentralized exchanges (DEX) for those without a Korean bank account. Crypto can be swapped for KRWO, which can then be exchanged for Open(Voucher) on GimSwap.
How the conversion between KRWO and Open(Voucher) work?

Since the exchange rate between KRWO and Open(Voucher) is 1:1, when Open(Voucher) is deposited, KRWO is minted and the Open(Voucher) is locked. Conversely, when KRWO is deposited, it is burned, and the corresponding Open(Voucher) is unlocked. This mechanism ensures there is no excess issuance of KRWO.

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