Hello and welcome to my first article on a disruptive and revolutionary ICO project called Golden Currency. This is a unique ICO project that will change the financial and exchange industry as this project is geared creating a two way currency on blockchain and fiat which will be free of government monopoly and restrictions. The Golden as the project calls this currency will have a crytpocurrency which can be utilized on the blockchain while the real fiat money will be used just like every other currencies of the world. This is an interesting project and the first of its kind in the crypto industry and the financial sector at large.
I recall some two years back where many fake cryptocurrencies were being introduced and canvassed all over the social media as the uniting cryptocurrency for every crytpocurrency in the world just like dollar is used as standard in the international monetary fund but all those crypto coins never made it into the market and many unsuspecting investors lost huge sums of money to the tune of over USD$20million. That is story for another day but is quite different from the goal and vision of Golden Currency as can serve as real fiat money and cryptocurrency depending on the area of usage. In fact it is a new financial system the will change the landscape in both crypto and fiat exchange markets.
Challenges of currency in both crypto and non-crypto financial industry
Currency as we know it today is a form of exchange acting as a legal tender. Exchange from history started with barter, then to precious stones like gold, copper, nickel and evolved to fiat currency then to cryptocurrency although cryptocurrency has received so much criticism especially from government of nations. This is evident from the technology behind the first successful crypto currency. Bitcoin is the first cryptocurrency to take the world by surprise which is built on a dynamic and advanced technology called blockchain. The market force in the cryptocurrency is determined by the users and activities of buying and selling of this currency determines its value unlike fiat currency controlled by government. Cryptocurrency is controlled by users as against fiat money which only the government of a nation has control and regulations on. This is the bone of contention why some countries like United States of America, South Korea, and many others banned its use. Government has no control over it and cannot regulate or tax such currencies but that notwithstanding the technology cannot be overlooked and in the nearest future we will all wake up to the reality and discover the need to phase out fiat money gradually. Currently cryptocurrency has been gaining more traction all over the world, no wonder many startup companies are leveraging on it to raise capital as against crowdfunding. Do we need a free market currency? The answer is yes, people should be the ones in control of their currency value not government and to bridge the gaps of exchange back and forth from crypto to fiat Golden Currency proffers a solution which we shall consider in the next section.
The Golden Currency Solution and Architecture
This is a blockhain currency solution that will provide a future currency solution to the world. Both the crypto investors and enthusiast can now easily convert their currency either way they want to use it as this project is designed to cover ever financial section bordering on currency. The architecture is dynamic and efficient to handle both the fiat and crytocurrency. Just like every currency is backed up with gold. The Golden currency follows same suit in the pricing if its fiat money and generation Golden tokens on the blockchain. The supply is equivalent to the available real gold asset which they have.
The value of gold asset in their vault determines the volume of supply of Golden which shall be used and stored in real Golden Banks all over the world for holder of Golden to carry out their financial activities. The Golden blockchain will be accessible through its mobile, web and desktop applications where users who prefer the crypto form of the currency can utilize it the crypto market for trading and either operations. There are provisions for printing credit cards and launching ATMs which will support its local and online usage without hitches for users. This is the first of its kind and in order to give opportunity for investors which believe in their vision to participate it is offering is Token called PGCT for sale in the current ongoing ICO. Investors can acquire these tokens using Bitcoin, Ethereum, Dash, etc.
To learn more about Golden Currency ICO Project and their token sales please visit the links below.
Website: https://www.goldencurrency.world/
ANN Thread: https://bitcointalk.org/index.php?topic=2994066.msg30792043#msg30792043
Twitter: https://twitter.com/goldencurrency
Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf
Facebook: https://www.facebook.com/GoldenCurrency.world/
Medium: https://medium.com/goldencurrency
Telegram: https://t.me/Golden_Currency
Content Author Details
Username: Finixfly
Bitcointalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=2141081
You have a minor misspelling in the following sentence:
It should be believe instead of belive.Thanks for pointing it out. It was a typographical error which i corrected in my other blogs. At least you reminded me that I had the same article on steemit. Thanks all the same.
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