Gold Secured Currency is defined as a private blockchain created from decentralized finance (DeFi) and immutable tokens (NFT). In this article, as Kriptokoin.com, “What is Gold Secured Currency?” We will answer the question. In addition, we will touch on other questions about the project.
What is Gold Secured Currency? What does it do?
Gold Secured Currency (GSX) is the project that goes against Apollo Fintech’s regular norm of stable currencies. It is the first stable coin whose value continuously increases over time. GSX is based on trust from Apollo Fintech’s production with gold as the asset that supports it. Apollo Fintech has more than 3,700 acres in Zimbabwe for gold mining along with numerous other precious metals. Additionally, GSX will benefit from increased support of gold, other precious metals and mining land.
As backed assets accumulate, so will the value of GSX, allowing it to stay ahead of back assets. GSX combines the stability of stablecoins, the growth of cryptocurrencies and its value as an investment coin. Combining all these elements makes it among the best crypto investments of all time.
What is GSX coin?
GSX coin is the native token of Gold Secured Currency. The token is essentially a fiduciary cryptocurrency built in such a way that its value will always increase compared to other assets. It can also keep trade information private and confidential by using the decentralized platform. In addition, GSX token holders receive dividends from profits made during gold and platinum mining.
How does Gold Secured Currency work?
GSX can be used if an owner has $200,000 worth of GSX coins for an equal amount of gold. Owners have the luxury of partial ownership of all assets that support the currency. This makes it a profitable investment. Assets include all precious metals, including mining equipment, land, refineries, companies and gold itself. Considering all factors, the community would have the morale to buy the GSX for the profits it predicted.
The decentralized domain offers all users privacy and security for their commitments. Apollo Fintech will increase exchanges where holders can exchange GSX for other cryptos for the convenience of consumers.
What is Gold Secured Currency? How to get GSX coins?
Gold Secured Currency is currently traded on a small number of cryptocurrency exchanges. In addition, people who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges where Gold Secured Currency is traded are listed as follows: CoinTiger, XT.COM. Users who want to invest in the project should open an account on one of these exchanges.
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