«If we want free enterprise and a market economy to survive, we have no choice but to replace the governmental currency monopoly and national currency systems by free competition.» Friedrich Hayek, Nobel Prize in Economics winner
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. It is a fully functional currency, but with additional advantages.
you can easily exchange the crypto-currency for Golden, or store your Golden in electronic form, if it is more convenient for you.
you can easily exchange the crypto-currency for Golden, or store your Golden in electronic form, if it is more convenient for you.
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.
Golden Currency System
The main goal of the project is to establish monetary system of the new Golden currency, which includes the following elements:
а) Golden currency: The first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold.
b) Golden currency infrastructure: Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use.
а) Golden currency: The first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold.
b) 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.
• global banking network with banking infrastructure (Golden Bank);
• crypto-fiat сurrency exchange integrated with the banking network (Golden Exchange);
• gold depository.
The Use of Blockchain
Blockchain invention and use allows you to deal with the relevant issues and it can become an important competitive advantage for the currency that utilizes it.
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
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
Advantages of the Token
• 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 onversion)
• 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.
• 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 onversion)
• 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.
Forms of payments
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.
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.
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.
Finally
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.
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.
✅Website: https://www.goldencurrency.world/
✅Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf
✅Twitter: https://twitter.com/goldencurrency
✅Facebook: https://www.facebook.com/GoldenCurrency.world/
✅Medium : https://medium.com/goldencurrency
✅Telegram Group: https://t.me/Golden_Currency
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2994066.msg30792043#msg30792043
✅Whitepaper: https://www.goldencurrency.world/white_paper_eng.pdf
✅Twitter: https://twitter.com/goldencurrency
✅Facebook: https://www.facebook.com/GoldenCurrency.world/
✅Medium : https://medium.com/goldencurrency
✅Telegram Group: https://t.me/Golden_Currency
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2994066.msg30792043#msg30792043
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
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