Golden Currency

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15 Apr 18
15 Oct 18

Golden Currency is a project of the first cash money on blockchain, fully functional private currency, and convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain.Otherwise, we are talking about creating an independent legal private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient money.Here are just some of the advantages that a new currency will provide:Existence in cash (paper, anonymous) and non-cash form;Independence from the governments of any countries, 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, POS- terminals, online banking, mobile applications, etc.The entire infrastructure of Golden will provide its user with such conditions that it will not matter in which currency to keep his funds in terms of functionality. And if so, taking into account the advantages of the Golden currency, it will be favorably for the user to keep money in Golden, which is not subject to national risks and inflation.The increase of the currency use, and therefore, the maximization of its turnover and the monetization of the project, will take place on the basis of ensuring and developing its competitive advantages.How does the project create value to the ecosystem and differs from competing projects?The project is unique, there are no competing projects at the moment. There is high demand in the world for reliable inflation-free money.Target users1. Individuals.Use as a means of circulation, as well as a means of saving. Also useful under the conditions of high inflation, unstable financial and political situation, the lack of an opportunity to purchase gold as an investment instrument, the unrecognized state of residence, etc. 2. Investors.Golden, as a currency backed by gold is an excellent opportunity to save in gold and to obtain additional, passive income from the growth of the gold price while retaining all the advantages of owning fiat money and crypto currency - an excellent risk hedging tool used to diversify the portfolio.3. Cryptotraders.The instrument of hedging crypto-currency volatility risk. At the time of the rates changing, the use of Golden as a currency secured by gold will allow to fix the value of the cryptoasset, and when the market turns back it allows to return into cryptoasset with minimal commissions. There is no need to transfer crypto-active assets to other fiat money, as Golden currency has advantages in comparison with them.4. E-commerce, legal entities and individuals.A means of payment for goods and services, especially convenient for cross-border transactions. Given that gold, and therefore Golden, sets a clear equivalent of value, the Golden currency can be a convenient measure of value. Contracts can be fixed in Golden as an understandable and reliable currency.5. Emerging countries, unrecognized states.Countries having hyperinflation face the challenge of ensuring stability and the availability of reliable circulation instrument. In this case, Golden can become a transition currency. For unrecognized states there is a similar problem of having reliable instruments of circulation,Golden can become such a tool that will allow the population of such countries to become part of the world market.

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