Golden Currency - Blockchain based currency and digital central bank analogue

Golden Currency is a project of the first cash money on blockchain, fully functional private currency, and convenient and efficient infrastructure for its use with utilization of modern technologies, including blockchain. Otherwise, we are talking about creating an independent legal private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient money. Here are just some of the advantages that a new currency will provide: 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.

Project goals of Golden Currency

The main goal of the project is to establish monetary system of the new Golden currency, which includes the following elements:

Golden currency. The first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold.
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.

Benefits Of The Golden Currency

The new currency is set to provide the following advantages:

It will exist in both paper and non-paper form
It is decentralized as it is independent of any governments or any nation, it is also not affected by any economic or political situation of any country.
It is 100% backed by gold, and its management and storage are carried independently of the issuer. The owners of the currency can exchange the currency for gold
The use of blockchain technology ensures the reliability and independent storage of gold and allows for the conversion of the currency and payments
The platform is a link between fiat and cryptocurrencies and allows for cheap and fast conversion of the golden currency into fiat currencies
The money infrastructure that will be used such as ATMs, bank cards, online banking, POS-terminals, and mobile applications are already familiar to the user.

Why should join Golden Currency? This is the main competitive advantages of Golden

Gold-backed - One of the main Golden currency advantages is protection from inflation and possible political and other country risks due to 100% backing by gold (the possibility of exchanging Golden for real gold).
Reliable. Transparent - We provide independent control over the system and its transactions by using blockchain to conduct non-cash transactions, keep track of Golden issuance and gold backing, ensure transparency of the system. This transparency protects users from theft of gold, hacking, legal challenges, etc.
Depoliticized - The issuance of Golden is not carried out by any nation-state, thus does not bear the risks associated with it.
Convenient - Maximization of the infrastructure (banks, ATMs, cards, etc.) and reducing the cost of maintenance will bring convenience, including automatic conversion into crypto and other currency.
Both cash and non-cash - Golden currency transfer from one form to another and convenient payments in any form.

Forms of payments

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.

Form 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.

The currency units will use the best practices in the field of counterfeit protection, including watermarks, holograms and other protection technologies. Detailed protection technologies will be presented after signing the contract with the factory and the completion of the design.

Based on the convenience of their use, various denominations of currency will be presented, One Golden is expected to be backed by gold in a volume close to USD 1 exchange value at the time of the first issuance (approximately 0.02 g of gold) (more precisely, the volume of gold in one Golden will be determined by the time of the issuance, can be changed to the moment of the first issue, but will remain unchanged in the future).

In order to determine the design of the currency after the pre-ICO a public competition will be announced.

At any moment after the currency issuance its owner will be able to exchange Golden for physical gold in the depository. The rules for such exchange (with possible minimum volumes of such exchange and other terms) will be determined at the issuance.

Golden can be a means of payment in those countries in which it will be permitted by law. The activities of the project company will be aimed at maximizing the number of such countries in which Golden owners will be able to make any transactions without restrictions, even within the conditions of underdevelopment of the payment infrastructure. Cash also provides a good opportunity to make anonymous payments, which is almost impossible to achieve when making electronic payments, including crypto-currencies. Cash can be purchased initially at the stage of its issuance, further at Golden banks and their ATMs. Ultimately, they may be purchased at the currency exchange offices, other banks, retail chains, from individuals, and through other traders of Golden.

Form 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. Golden users will be not only individuals, but also legal entities.

It will be possible to open multi-currency accounts. Golden system conversions will happen at a favorable rate with minimal losses, whenever payments are made in another country, with a different currency. This avoids paying commissions through the increased rates and multiple conversions.

When making a payment by a bank card in a country in which the national currency differ from Golden, and settlements are allowed only in national currency, the transaction will be as follows: the amount of payment will be automatically requested for conversion to the currency of payment at the Golden Exchange at the best market price, corresponding amount of the payment currency will be transferred to its account and payment will be made directly from it, again without the need for costly conversions.

Form 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. Owner of a bank account in Golden Bank automatically gets access to trading on the exchange. In the online bank and mobile application the user will be able to purchase any crypto asset traded on the exchange at the exchange price. Information on all crypto assets and currency accounts will be available in one place.

A wide range of advanced tools will allow a user to have analytical support of operations on the currency exchange and monitor existing trends.

User can set an automatic conversion from the crypto account to the payment currency account when making a payment by a bank card. In such a case payment will actually come from such crypto accounts.

Thus, the user will simultaneously be able to invest in crypto-currencies and conveniently use crypto-currency as a means of payment.

Golden Currency ICO Details

Pre-ICO Golden Currency Token (PGCT) is Golden Currency's pre-ICO token. PGCT is an Ethereum based ERC20 token. 5 million PGCT will be offered for sale via the pre-ICO, with an additional volume of 2.6 million (based on the results of the Seed Round). Owners of PGCT tokens will have the right to get Golden Currency at a 1:1 ratio once it is issued. ICO Golden Currency Token (ICGT) is the token that will be offered for sale via the ICO. 250 million IGCT will be offered for sale via the ICO.

Ticker Symbol: PGCT

Platform: Ethereum

Accepts: DASH, LTC, ETH, USD, BTC, Fiat

Soft Cap: 100,000,000 USD

Hard Cap: 250,000,000 USD

Country: Singapore

Public Crowdsale

Date Sale: Feb 19, 2018 — Oct 15, 2018

Price: 1 PGCT = 1 USD

For More Information About Golden, Please Visit Link Below:

Bounty0x Username: radentraffi

Website : https://goldencurrency.world/