GLDS project: tokens backed by gold as an investment instrument
The history of human fascination with gold is really old. The flakes of this metal have been found in Paleolithic caves about 40.000 B.C. It is supposed that nearly all of the gold on our planet came from meteorites which bombarded Earth over 200 million years after it formed.
Gradually, gold started to spread all over the world. Ancient people were impressed by this yellow metal. As a result, it has been mentioned many times in ancient historical texts. Gold was prized by Egyptian pharaohs and temple priests. Ancient Greeks considered gold as a social status symbol and as a form of glory in mythology. After adoption a gold standard by the United States in 1792, new history of this metal began that is connected with unique value of this active.
Today we can use different methods of investing in gold. One of them is buying cryptocurrency backed by gold. Let’s consider the advantages of such investments.
The advantages of purchasing tokens backed by gold
The usage of tokens backed by gold gives you such advantages as low costs, high liquidity, security and privacy. Here are some solutions for you which can prove that this offer has optional advantages.
Excellent way to diversify portfolio. It can protect investors from market volatility.
Convenient storage and secure transactions thanks to a digital asset. When tokens are listed on different cryptocurrency exchanges, you have a possibility to transfer these tokens to other wallet addresses, trade them or cash out.
Alternative to traditional fiat-based stablecoins. Stability of long term gold price makes these tokens an excellent alternative to EUR or USD-linked stablecoins.
Gift. In comparison with other blockchain assets, tokens backed by gold don’t depend on unpredictable and turbulent market sentiment. That’s why this cryptocurrency can be presented as a good digital gift to your nearest and dearest.
GLDS project
GLDS represents a project that gives people an opportunity to invest in tokens backed by gold. GLDS proposes a blockchain solution for buying gold in such form and saving it.
GLDS token is a multifunctional instrument. It can be utilized in various ways. The value of each GLDS token is equal to 0.02 grams of gold. The nominal price of 1 token is 1 dollar (1 gram of Gold costs about 50 dollars), but people can purchase GLDS tokens with a discount during the ICO. The first portion of tokens will be sold with 25% bonus.
The price of gold can only grow thanks to the fact that the supply of this metal on the planet is strictly finite. From November 2020, the company will begin to buy back tokens at their market price every 3 months. It is a method of stimulating coin price increase.
The total supply of tokens is 15,000,000. 14,000,000 GLDS tokens are available to investors. These tokens will be listed on different cryptocurrency exchanges simultaneously. So, tokens can be purchased, sold or traded for another cryptocurrency, cashed out into fiat money or gold.
Links to the resources connected with GLDS Project:
Website: https://gdigit.io/
White paper: http://www.gdigit.io/WhitePaperGdigitEng.pdf
Twitter: https://twitter.com/GLDS_project
Telegram: https://t.me/GLDS_chat
Facebook: https://www.facebook.com/GLDSteam
LinkedIn: https://www.linkedin.com/company/gdigit/
Reddit: https://www.reddit.com/user/Gdigit
Bitcointalk: https://bitcointalk.org/index.php?topic=5223253
Youtube: https://www.youtube.com/channel/UCZT2UPccdMbm7CO45w2Jk0Q
The article was written and published by Arcadio707 (https://bitcointalk.org/index.php?action=profile;u=2426003)