More and more, the world is getting more sophisticated. Many of the latest technologies are discovered and developed continuously so that human life in the world easier. One of them is cryptocurrency. Cryptocurrency is a digital asset designed as a medium of exchange or transaction, or more easily we can call it as a digital currency. Cryptocurrency is currently a trend worldwide. Cryptocurencies have many types such as Bitcoin, Etherum, Litecoin, and many others that total hundreds. Digital currency can be used as a means of payment in the States and can replace the position of the existing currency.
Cryptocurrency can also be converted into real money because it has an exchange rate, and of course the exchange rate for each cryptocurrency is definitely different. The exchange rate for each cryptocurrency is also not continuously stable because each cryptocurrency has an exchange rate of each that tends to rise and fall like gold. Cryptocurrency can be redeemed into real money by redeeming to sites that provide cryptocurrency exchange features into real money. Apart from the things mentioned above, cryptocurrency also uses a blockchain system that provides the benefits of the technology.
By bringing the latest cryptocurrency trend with the use of blockchain technology, Golden Currency emerged as the first global cash money on blockchain, 100% backed by gold. Many benefits that can be gained by following this project include presence in cash (paper, anonymous) and non-cash form, independence from the government, political or economic situation in any country, but at the same time the complete legality of its functioning, 100 % modernized money infrastructure – ATMs, bank cards, POSTERMINALS, online banking, mobile applications, etc. With the various benefits that can be obtained through this project, do not miss this golden opportunity.
What is Golden Currency?
Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency.
Here are just some of the advantages that a new currency will provide:
- Presence in cash (paper, anonymous) and non-cash form
- independence from the government, political or economic situation in any country, but at the same time the complete legality of its functioning
- 100% backed by gold, the storage and management of which is carried out independently of the issuer; the owners of Golden have a guaranteed opportunity to get gold in exchange for Golden
- use of modern blockchain technologies for currency infrastructure (starting from ensuring the independent and reliable storage of gold, and ending with the implementation of payments and currency conversion)
- convenient, fast and cheap conversion into any world fiat currencies and crypto-currencies (a link between fiat and crypto-currencies)
- familiar modern money infrastructure – ATMs, bank cards, POSterminals, online banking, mobile applications, etc.
Project goals of Golden Currency
The main goal of the project is to establish monetary system of the new Golden currency, which includes the following elements:
- Golden currency. The first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold.
- Golden currency infrastructure. Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use. The key elements of the infrastructure are: global banking network with banking infrastructure (Golden Bank); crypto-fiat сurrency exchange integrated with the banking network (Golden Exchange); gold depository.
Golden Currency Forms of payments
Golden will exist in the form of both cash and non-cash money, providing the opportunity to implement the full range of possible money transactions.
Form 1. Cash.
Cash will be issued in the form of plastic (polymer) banknotes printed in one of the world’s factories that provide printing of fiat money services for the world’s largest economies. The currency units will use the best practices in the field of counterfeit protection, including watermarks, holograms and other protection technologies. Detailed protection technologies will be presented after signing the contract with the factory and the completion of the design.
Based on the convenience of their use, various denominations of currency will be presented, One Golden is expected to be backed by gold in a volume close to USD 1 exchange value at the time of the first issuance (approximately 0.02 g of gold) (more precisely, the volume of gold in one Golden will be determined by the time of the issuance, can be changed to the moment of the first issue, but will remain unchanged in the future).
Form 2. Non-cash money
It is planned to create a worldwide branch banking network. Users will be able to open accounts with Golden banks, load these accounts, get bank cards linked to these accounts, withdraw money from them, convert between accounts in different currencies, including national, pay with them in shops, make transfers and transactions via the Internet, and conduct other ordinary banking operations in all countries of the world. Golden users will be not only individuals, but also legal entities.
Form 3. Crypto-currency. Link with fiat money
Golden Exchange will be registered as a fully legal crypto exchange in which user will be able to convert fiat and crypto-currency. Owner of a bank account in Golden Bank automatically gets access to trading on the exchange. In the online bank and mobile application the user will be able to purchase any crypto asset traded on the exchange at the exchange price. Information on all crypto assets and currency accounts will be available in one place. A wide range of advanced tools will allow a user to have analytical support of operations on the currency exchange and monitor existing trends.
Why should join Golden Currency? This is the main competitive advantages of Golden
One of the main Golden currency advantages is protection from inflation and possible political and other country risks due to 100% backing by gold (the possibility of exchanging Golden for real gold).
- Reliable. Transparent.
We provide independent control over the system and its transactions by using blockchain to conduct non-cash transactions, keep track of Golden issuance and gold backing, ensure transparency of the system. This transparency protects users from theft of gold, hacking, legal challenges, etc.
The issuance of Golden is not carried out by any nation-state, thus does not bear the risks associated with it.
Maximization of the infrastructure (banks, ATMs, cards, etc.) and reducing the cost of maintenance will bring convenience, including automatic conversion into crypto and other currency.
- Both cash and non-cash.
Golden currency transfer from one form to another and convenient payments in any form.
Golden Currency Architecture
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