It would be difficult to argue against the stability of gold. This asset has served mankind for thousands of years with little to no need for change. However, as technology is now more advanced than ever, it’s possible to capture all the traits of gold and replicate them into a digital currency.
This new financial instrument could function as a safe haven during times of volatility and as a currency for day-to-day transactions. This dream has been the goal for crypto enthusiasts since the market emerged nine years ago. However, this task is much harder than it seems for a number of reasons.
It’s not Easy to Stay Stable
The main reason why so many gold-pinned cryptocurrencies have failed in the past is due to one common factor, human intervention. To be a successful stablecoin in the market, there needs to be accountability to the highest degree in terms of the coin issuers.
In most instances, you are left with little options rather than to trust that the organization will keep to its promises. As history has shown us, this isn’t always possible. Whenever the accounting side of the stable coin equation is handled by the firm issuing the token, there is a serious reason for concern.
GSX – Transparency
GSX tackles these issues head-on. To quell any doubts in the firm’s holdings, the company has frequent third-party audits conducted. These audits get broadcast across the entire blockchain for all GSX holders to review. The details of the audit include all the vital data required by investors to ensure their funds remain liquid.
Additionally, GSX holders are not only dependent on the value of gold to see returns. Their tokens provide them with ownership rights to the entire mining operation. These rights encompass the land, gold, and even the mining equipment. Whereas the equipment might depreciate, the gold and land are sure to see their values rise. In this way, GSX becomes the first investment coin to provide exponential growth potential.
In addition to all the intercompany protocols that keep investors informed, the platform also features the full transparency of blockchain technology. Users can easily see every transaction that occurs on the blockchain via the Apollo explorer.
Security is Key
Additionally, GSX is built with security in mind. The platform lives on the Apollo blockchain. This ecosystem provides GSX with access to some amazing features. For example, GSX is the only stablecoin in the world right now. Imagine ten years from now needing to scramble your investments because an affordable quantum computer goes public.
This scenario may sound a long way off, but so did smartphones in 1990. The point is technology has a way of creeping up on people. It’s wiser to include all future security concerns in your investment strategy from day one. In this way, you are ready for whatever the market throws your way.
Gold’s Good but GSX is Better
Gold still serves a valuable purpose as a major store of value, however, since no one knows how much gold there will be in the future, this strategy depends heavily on the hope nobody discovers a giant mine. If this situation occurs, then the value of gold could plummet depending on how much new gold enters the market.
Additionally, gold isn’t very useful as a day to day currency. There is no way that in 2020 people would be ok walking around with a satchel of gold when they could just be using their smartphone. Also, how do you pay for something that costs $0.99 using gold? It would be difficult, to say the least.
Stability and Spendability
GSX provides investors with the stability of gold but the spendability of cryptocurrencies. GSX holders can send a million dollars worth of GSX across the planet and only pay pennies in fees. In comparison, it would cost almost a million dollars to send a million dollars worth of gold across the planet.
You would need security, travel, and you would need to register your holdings with the country you want to remove it from. In many instances, your request could be denied. Even worse, there are instances in history where governments have stolen gold from their citizens.
Give Me That Gold
One instance, in particular, occurred in the 1930s. During this time, President Franklin D Roosevelt ordered that every US citizen sell their gold back to the government below market value. Those that refused the order saw their gold confiscated.
While this scenario may sound like something out of a dystopian sci-fi thriller, it’s not. It hasn’t even been 100 years since this happened last. It’s sure to happen again if the government feels the need to sure up its coffers. GSX holders will never have this problem because their ownership is written into the Apollo blockchain and is unalterable.
More than Just Gold
GSX is more than gold ever could be. This unique financial instrument spans the entire spectrum of the digital asset realm. Users of GSX get access to the most valuable features available today. It’s no wonder the entire market has its eyes on this revolutionary stablecoin.
Where to Get GSX
You can get GSX at GSXCDE.com. The firm is undergoing its pre-sale currently. Consequently, investors that purchase now receive a substantial discount of up to 50% on their buys.
GSX – A Stable Coin for Tomorrow here Today
It’s easy to see that GSX holds the title as the most advanced stablecoin yet. This token eliminates all the issues encountered by its predecessors and replaces them with new and better features. Best of all, thanks to atomic swap capabilities, more users across the blockchain ecosystem will get the chance to experience this protocol first hand.
In this way, GSX complements the entire market. It’s sure to usher in more adoption and help push all cryptocurrencies up a notch.
