For all intents and purposes, Bitcoin (BTC) is the most expensive cryptocurrency in the world. It is also more valuable than gold, mainly because it looks nothing like its competitor and behaves more like the stock of a technology company. Yes, Bitcoin is more valuable to hold than gold, but it is nowhere near stable.
Both gold and Bitcoin can benefit from the rise of crisis and uncertainty because they are not tied to one country or central bank. Instead of debating about what Bitcoin needs to do to become a value store comparable to gold, developers are merging both concepts to attempt to reach that goal.
Gold-backed cryptocurrencies are revolutionizing an industry that has for too long innovated reluctantly. Whether you are on the bull or bear side of the Bitcoin debate, you are staring down at a couple of years for BTC to achieve wide-scale adoption and acceptance to become a viable alternative to gold. The Gold Secured Currency (GSX) was not created to simply ride the wave of Bitcoin adoption that favors volatile cryptocurrencies; it is the coin which continues to grow and generate returns.
For Bitcoin to match gold, it needs to increase its value by around 40-fold and curb price volatility. GSX is a cryptocurrency that does not need to multiply its value by 40-fold to match gold. Instead, the coin is pegged to the value of gold. The Gold Secured Currency implements the innovative features which make stablecoins stand out. It is a coin that is backed by physical gold and has its value directly correlated to the trading value of gold.
The Role of GSX as a Good Hedge
Even though GSX is tied to the value of gold, its value increases indeterminately. As a sign of what the future might hold for GSX, the coin exhibits the features of stablecoins with the advantages of a cryptocurrency and the dividend payout from the underlying investment asset. More precisely, these are the key aspects of GSX that make it stand out from the rest of the market. While Bitcoin and gold have been dancing around close to each other as the best safe-haven investment, GSX allows you to get the best of both worlds.
Part of the hype driving the success of Bitcoin is blockchain technology. GSX is based on a new kind of advanced blockchain known as the Apollo Blockchain. The Apollo Blockchain is credited for being the first blockchain to fully integrate database sharding and work towards achieving sustainability. Aside from creating the blockchain upon which GSX is formed, Apollo Fintech is also responsible for creating platforms for e-Governments to develop and issue national currencies.
Compared to other gold-backed cryptocurrencies, GSX has the edge thanks to a highly innovative and advanced blockchain. Besides, GSX value is backed to the value of the gold reserves and several assets collectively owned by coin holders. GSX is backed from a platinum and gold-rich piece of three thousand acre mine and future refinery. Apollo Fintech plans to directly deposit 50% of the gold mined back into the GSX coin. The remaining gold will be divided as a form of a dividend.
The shift in strategy to peg the value of the coin to gold allows the cryptocurrency to follow the price of gold. That way, each investor can benefit from the years of history as the universal standard of long-term wealth storage. 5000 years later, gold has still not run out of fashion. Hence, you would not have to worry about the short-term sharp price fluctuations that might put your investment portfolio in jeopardy. In essence, GSX is the first cryptocurrency to achieve perpetual growth in price while maintaining stable asset value.
Portfolio Diversification
Upon the sale of GSX coins, the company has marked 50% of the unsold coins for burning. As the total coin supply is capped at 10 billion, the burned coins will allow for reducing coin supply and drive up the price of each coin because of scarcity. As a result, more gold will be allocated to the remaining coins. GSX coin is a perfect fit for the modern investment portfolio because its value is secured to an entire gold mining operation.
The Apollo Fintech company has invested in a land that is rich in gold. This will be a site for the gold refinery and overall gold mining operation. The company is renowned with cryptocurrency circles for incredible accomplishments across several fields. Later this year, they intend to launch a social network, which they say will be the most expansive. The social network will be known as Stratus.
The clear advantage of owning GSX coins is an opportunity to take part in the ownership of these assets. For long, pundits have argued that gold is more reliable and trustworthy compared to Bitcoin. With GSX, you can enjoy the trust set up by the company to benefit from the 50% gold deposited as a dividend for holding the coins. The company will perform regular third-party audits, which will go towards proving the reserves used for the backing.
GSX coins can be redeemed on the market for its gold value. In this way, for each coin a holder owns, they own a blue-chip investment in the precious yellow metal. So, as gold grows as the best performing investment, their coin appreciates too.
The Gold Secured Currency merges the best of the cryptocurrency and gold to create an investment asset that will surely provide sustainable returns. As the holdings of GSX grow, so will its value as a single trust secured coin.
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