HelloGold (HGT) is a fairly new cryptocurrency but an excellent one non-the-less. HelloGold is a bit confusing because it is really a 2-in-1 investment. I say that because HelloGold is the company behind a new cryptocurrency called GoldX that launched this week and will be hitting exchanges in the near future. GoldX is the first cryptocurrency that will be backed by real gold. This will make GoldX a better alternative to Tether (USDT) because the price will be backed by one of the most stable and ever-increasing stores of value; real gold.
So why invest in HelloGold (HGT) when you could just wait for GoldX to hit the exchanges? If you invest in HelloGold now, you will be investing in the company behind GoldX and you will be paid dividends from the profits that the company makes from all of their projects, including GoldX. HelloGold (HGT) tokenholders will be paid 10% of company profits monthly in the form of GoldX tokens. Buying HelloGold tokens now will also give you the ability to purchase GoldX tokens directly from the company at a discount before they hit major exchanges.
If you need more reason to invest in HelloGold just look at the team behind the project. The CEO Robin Lee was the former CFO of the World Gold Council, who oversaw the SPDR Gold Trust, the second largest traded ETF (exchange-traded-fund) in the world. Robin Lee is certainly someone who knows gold and finance and is backed by an excellent team of blockchain, banking, marketing, and business experts.
Robin Lee also recently attended the North American Bitcoin Conference in Miami Florida, where he explained that HelloGold has recently signed a major deal with an Asian telecommunications company. The company has 300 million users spanning 8 different countries. He also said that there would be more "major announcements" in the near future. The HelloGold team has also announced that they will be listed on two major Asian exchanges in the coming weeks. One new exchange this week, and another in the weeks to come. Binance is one of the exchanges that HelloGold (HGT) will most likely end up on. When HGT gets listed on Binance and another major exchange it will greatly increase the trade volume and the price. With all of the positive news coming out about HelloGold I would buy it before it hits a major exchange and rises dramatically in price. I recommend using EtherDelta in conjunction with MyEtherWallet and a hardware wallet for the safest possible storage. HelloGold is currently trading at about $0.19 but will likely be $1 or more in the near future.
Disclaimer:
I am not a professional financial adviser and cannot legally give investment advice. The purpose of this article is not to get people to invest but simply to share my opinion. The crypto-currency market is highly volatile and can cause investors to lose money. Do not invest anything in the market that you cannot afford to lose and please do your own research before investing into anything.