The gold standard is a monetary system where a country’s currency has a value directly linked to gold. Now in the world there is no country that has currency linked to gold. Consequently there is no currency that could be reliable, and any economic disruption and political upheavals within a single country can cause significant shocks to the economy and affect the volatility of its money.
Golden Currency is a project of the first fully functional private currency, and convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain. The project of the first global private money is planning an USD 250 million ICO (initial coin offering). The new currency will be used both for cash and noncash payments, will be 100%-backed by gold, will provide fast and cheap crypto currency and fiat currency exchange and payments, and will provide many other advantages to successfully compete with fiat money. The name of the new currency that will be issued is Golden. The project involves not only the establishment of “private Central Bank” and issuance of the currency, but also all the infrastructure for it, including global bank network with ATMs, bank cards, POS-terminals and crypto-fiat-currency exchange.
Golden Currency is a project of the first fully functional private currency, and convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain. The project of the first global private money is planning an USD 250 million ICO (initial coin offering). The new currency will be used both for cash and noncash payments, will be 100%-backed by gold, will provide fast and cheap crypto currency and fiat currency exchange and payments, and will provide many other advantages to successfully compete with fiat money. The name of the new currency that will be issued is Golden. The project involves not only the establishment of “private Central Bank” and issuance of the currency, but also all the infrastructure for it, including global bank network with ATMs, bank cards, POS-terminals and crypto-fiat-currency exchange.
The ICO of the project is coming in 2018. According to preliminary valuation, the ICO could be one of the largest in the market with preliminary USD 250 million target. At the current stage the aim of Golden Currency developers is to fulfill all regulations and investors demands to be able to conduct fully legal ICO on the markets, where such regulation is needed (for example, USA). Now there is no money in the world that is fully backed by real assets, inflation-free and independent on political and economic situation of the country where it is issued. Crypto-currency also does not fulfill the function of money. Golden is planned to change it. The Golden currency will be used for cash and electronic payments and wire transfers. The global network of Golden banks will provide online bank and phone apps with integrated currency exchange and global low-cost real time payments. Multicurrency accounts for users will provide the possibility of currency-agnostic payments and real time low-cost fiat and crypto currency exchange.
Golden is planned to be a stable, reliable and transparent currency, non-national and non-politicized perfect payment and investment tool, it will be convenient currency with independent modern infrastructure and easy payment and currency conversion, it will provide anonymity and universality of use (in any place of the world) as being present in cash. And it will be fully legal Starting from issuance and following its banking and exchange services – all of them will be working within the legal framework of the countries where they work. Blockchain technologies will be widely used to provide transparency and stability. Blockchain proof-of-assets protocol, Ripple and other blockchain solutions will be examined for execution.
Golden is a fully functional currency, but with additional advantages:
- Silver is stable, reliable and transparent. Supported gold. Using blockchain. Perfect payment and investment tool
- Not national and not politicized. Emissions are not made by the government and do not support any government
- Practical money. Modern independent infrastructure (ATMs, maps, etc.). Easy payment and conversion to crypto and fiat money
- Cash and electronic payments. Anonymity and universality of use (anywhere in the world)
Why blockchain?
Blockchain is going to be used in all key elements of the new system:
- management and control of gold reserves - as an important element of reliability and transparency, publicity of the system;
- banking network - for cross-border payments, transfers, currency conversions - to ensure speed, reliability, universality, as well as for integration with the currency exchange;
- currency exchange – for fiat and crypto-currency exchange to ensure the speed and reliability of transactions
In general, blockchain technologies will be aimed at ensuring decentralization, control, providing link between fiat and crypto-currencies and opportunities for banking and currency transactions, as quick as possible, with minimal costs to the user.
Golden Currency is a project of the first fully functional private currency, 100% backed by gold. With the first planned emission in 2019 it will be the first reliable money after gold standard system. Golden Currency is not only fully functional private currency, but also convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain. Otherwise, it is planned to create an independent legal private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient money.
The new currency will provide many advantages:
- 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 favourably for the user to keep money in Golden, which is not subject to national risks and inflation.
Token info
Token IGCT
Platform Ethereum
Token Price 1 USD
Token for sale 250,000,000 IGCT
Token supply 250,000,000 IGCT
Investment info
Soft cap 10,000,000 USD
Hard cap 250,000,000 USD
Accepting ETH, BTC, LTC, FIAT, DASH
Restricted countries No restrictions
Know Your Customer No
Whitelist No
Platform Ethereum
Token Price 1 USD
Token for sale 250,000,000 IGCT
Token supply 250,000,000 IGCT
Investment info
Soft cap 10,000,000 USD
Hard cap 250,000,000 USD
Accepting ETH, BTC, LTC, FIAT, DASH
Restricted countries No restrictions
Know Your Customer No
Whitelist No
Team
Website: https://goldencurrency.world
Whitepapper: https://goldencurrency.world/white_paper_eng.pdf
Telegram Group: https://t.me/joinchat/GljMN0cgk-_pKAc4mDBPmQ
Twitter: https://twitter.com/goldencurrency/
Facebook: https://www.facebook.com/GoldenCurrency.world/
ANN: https://bitcointalk.org/index.php?topic=2994066.0
Bounty thread: https://bitcointalk.org/index.php?topic=3310780.0
Whitepapper: https://goldencurrency.world/white_paper_eng.pdf
Telegram Group: https://t.me/joinchat/GljMN0cgk-_pKAc4mDBPmQ
Twitter: https://twitter.com/goldencurrency/
Facebook: https://www.facebook.com/GoldenCurrency.world/
ANN: https://bitcointalk.org/index.php?topic=2994066.0
Bounty thread: https://bitcointalk.org/index.php?topic=3310780.0
