Protect your assets with GOLD Stablecoins from fraudulent inflation
we got back together after a short break. With blockchain technology being integrated into our lives, new ideas are emerging every day. I continue to test these ideas by selecting those with the skills to solve real problems for you. Today, I want to talk about a project about gold, which is a different area of investment, which is actually compared to Bitcoin. This project is called GOLD Stablecoin, a crypto currency that is priced at gold.
the importance of gold?
Gold is a great investment venture. For thousands of years people have owned Arlis they have been the most important method of protection against inflation or various concerns. Since gold is a metal that does not rust and is not affected by other effects, it is placed ahead of all other important metals thanks to this feature. Although it has gained value in other metals such as silver over time, silver loses most of these features after blackening. In short, it is the number one tool hidden under the pillow in our country and protecting people’s assets throughout human history. Although a country’s currency can lose value very quickly compared to the general state of the country, the value of gold has continued to increase throughout history.
GOLD Stablecoins the future of investing?
GOLD Stablecoin is a unit that appears as a result of a combination of two needs. Cryptocurrency pegged to the dollar is not a realistic investment tool for people like gold. While your money remains in dollars, you continue to lose value against gold and you succumb to inflation. GOLD Stablecoin is the first cryptocurrency to protect you from inflation. The value is fixed at 1 gram of gold. For every 1 gram of gold you buy, the company adds 1 gram of gold to the vault, and it takes 1 Gold Token on the market, so 1 Gold Token always remains at the price of 1 gram of gold.In the Kritpo world, the unit value is very unstable. The biggest reason for this is that the market has not been completely settled and the value of technology has not spread to everyone. Due to the slow flow of money into the system through banks and bank-based problems, society needed a stable currency, which resulted in Tether. Nowadays, there are various alternatives like PAX etc. It is a unit whose price is fixed in dollars. For example 1 Tether always equals 1 USD. A stable unit places 1 unit on the market for every $ 1 a customer receives, thereby accelerating the circulation of dollars in the market. They also make it easy to send from person to person.
Advantages of GOLD Stablecoins?
. Since gold is a physical product, it is difficult to send and receive it, blockchain-based GOLD projects allow you to do this easily
. Gold never loses value against inflation and protects your investment.
. You can buy or sell gold in seconds through the market area (https://gold.storage/en/market).
. A product that is difficult to hide when it is wanted to be stored or stolen during the transportation of gold, thieves who will enter your home or workplace can easily find it, but thanks to GOLD Stablecoin, such problems are now completely resolved
. When you want to gift your gold, you can send it straight to your friend’s wallet in seconds and for a very low fee
Asset-backed off-chain stablecoins
Since 2017, more than 100 different stablecoin projects have been announced, but only 30% of them are broadcast. The rest are still under development or they have ceased operations for various reasons.!
These can further be divided into Fiat-Backed and Commodity-Backed stablecoins. It is important to mention that 95% of all existing stablecoins are Asset Backed, both off-chain and on-chain
The second type of stablecoin is the so-called asset-backed currency. These are stablecoins that are not supported in fiat or real assets, but in other cryptocurrencies. Multi-collateral DAI is probably the most widely used type of on-chain, asset-backed stablecoin. DAI is powered by Ether.
More than 50% of all active stablecoins are currently built on the Ethereum blockchain. Ethereum provides the most popular Dapps platform where it is easy to integrate new projects, fast confirmation times, and low transaction fees.
Algorithmic stablecoins
Algorithmic stablecoins use a combination of algorithms and smart contracts to maintain stable prices. Ampleforth is probably the most popular member of this category.
Security
Compared to the personal physical storage of gold in your home, which is not insured, all the gold held in the Bullionstar vault is 100% guaranteed at all times. The insurance company provides a full value replacement guarantee.
Liquidity
Digital Gold guarantees the liquidity of GOLD tokens. A deal exists with a digital currency exchange where the token is listed and the company buys this token from the exchange and corporate market
Conclusion
My conclusion Digital Gold is the entrance to a thousand year old investment empire. We finally have the opportunity to own gold without the hassles that come with the physical state of gold. In the last 20 years alone, the value of gold has increased by almost a significant%% compared to the USD.
Remember this is just a promotional post, I encourage you to go through one of the links below to find out more about Gold Stablecoins.
Official Website: https://gold.storage/
Official Facebook: https://www.facebook.com/golderc20
Official Twitter: https://twitter.com/gold_erc20
Official Medium: https://medium.com/@digitalgoldcoin
Official Telegram: https://t.me/digitalgoldcoin
Author:apaben
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1239366
