Gold is usually used by people for jewelry and long-term investments because its value is stable and very easy to obtain. But that’s not the only thing that keeps the value of gold stable, but it is also used in many industries globally and to reserve currency. That’s why investing in gold is the best decision because it can give holders the opportunity to make a profit if they hold it for the long term. Moreover, nowadays investing in gold can be done through an application which makes it easier for users to buy and sell their gold without the need to physically hold the gold. Everything will be completed in just minutes from the user’s device.
The emergence of Gold Stablecoin
Gold Stablecoin is a stablecoin developed using the Ethereum protocol which will act as a cryptocurrency that has the same value as gold but in digital form that can be easily traded by users. Here users will be able to get access to gold in the form of stablecoins that can be traded easily from their devices without fees, quickly, and without requiring KYC. Gold Stablecoin uses the Ethereum protocol which makes it a stablecoin that is secure and free to use on the Ethereum network. When users use Gold Stablecoin it means they do not need to store physical gold in their vault because Gold Stablecoin is gold itself but in the form of crypto which is stored in the user’s Ethereum wallet.
Gold Stablecoin User-Friendly Interface
The developer designed the Gold Stablecoin website so that it can be used easily by various age groups, whether professionals or beginners, it is hoped that they will be able to use Gold Stablecoin easily through a user-friendly interface. All user trades will be accommodated through the website provided by Gold Stablecoin, such as sales and purchases of Gold Stablecoin tokens, users can do it directly without needing registration or other things.
Features provided by Gold Stablecoin
The value of gold in recent decades has continued to increase, this is because demand for gold continues to increase every year. This makes investing in gold something that has great potential because of the profits it offers and the low risk. What Gold Stablecoin offers is convenience and security in investing and transactions using gold. By using the Ethereum protocol, Gold Stablecoin changes the conventional gold trading system to be more sophisticated and secure via the Ethereum network and users no longer need to carry burdensome physical gold, everything will be completely digital. But not only digital, there are several other features of Gold Stablecoin:
-
Privacy: users do not need to worry that their identity will be exposed, because Gold Stablecoin is 100% anonymous and will not allow identity leaks.
-
No Transfer Fees: users will not be burdened by transfer fees because it is free.
-
Low Fees: users do not need to store their gold in a safe deposit box which has lower fees.
-
Secure: users can send Gold Stablecoins securely via the blockchain network at any time.
GOLD Token
Gold Stablecoin launched their GOLD token in the Ethereum network which is a utility token. GOLD is a token that will have the same functionality as gold which can be used for long-term investments and its value will be stable following global markets. Later Users who hold GOLD tokens are entitled to be able to use these tokens for long-term investment or they can send these as payment to other ERC-20 wallets. The plan is for Gold Stablecoin to distribute GOLD tokens through a marketplace that users can purchase at any time.
In Summary
Gold Stablecoin designed their stablecoin product to be gold that can be easily traded from the Ethereum network. Users can easily buy and sell Gold Stablecoins like ordinary gold through the website provided and later the price will follow global gold prices. So whenever users sell it doesn’t matter as long as they store it securely in their Ethereum wallet.
Gold Stablecoin has the vision to become digital gold that users can rely on in their investments and transactions using gold. With the various features and convenience it offers, Gold Stablecoin is optimistic that this will become a trusted stablecoin for users.
Connect
Author
Telegram: @futurecryptoproject
BTT Username: crypto-project