INTRODUCTION
Volatility, account vulnerability and wealth devaluation are the greatest challenges to the wider adoption of cryptocurrency.
Gigzi is a revolutionary financial system that addresses these challenges. By harnessing the relative constancy of precious metals and utilising world leading iris recognition technology, Gigzi provides investors with stability, security and wealth protection.
Using distributed ledger technology (Ethereum) and Smart Contracts, Gigzi has developed and deployed a self-regulating financial system that revolutionises the way wealth is managed and protected.
The Gigzi vision is to create a financial system that empowers users to independently protect and manage their wealth, with the ease and convenience of modern banking.
Gigzi delivers
Stability: By harnessing the relative constancy of precious metals, Gigzi protects investors against the unpredictability of market fluctuations
Security: Gigzi utilises impenetrable iris recognition technology (IriTech) for account access control
Wealth protection: By backing crypto-assets with pure, unfabricated precious metals that are redeemable on demand, Gigzi prevents wealth diminishment
Gigzi will achieve this by
- Creating a decentralised global currency (Gigzi crypto-assets) regulated by Smart Contract
- Creating supporting applications that enable users to save, spend and trade
- Savings are protected in the Gigzi Metal crypto-asset whose value is anchored to that of precious metals
- Spending and receiving payments is possible with Gigzi and other supported cryptocurrencies, as well as fiat monies
- Trading is facilitated, without third parties, in cryptocurrencies and precious metals
- In collaboration with IriTech, the world-leading biometric security provider, iris recognition technology is used for unrivalled account security
GIGZI CRYPTO-ASSETS
The decentralized Gigzi currency is formed of four crypto-assets that are both unique and complementary in the Gigzi ecosystem. These are:
- Gigzi Black (GZB)
- Gigzi Platinum (GZP)
- Gigzi Gold (GZG)
- Gigzi Silver (GZS)
Gigzi Black (GZB) is backed by market confidence and the potential for rewards, whereas, Gigzi Metal (GZP, GZG and GZS) is stable and secure by being anchored to precious metals.
Gigzi Black: Risk and Reward
The price of Gigzi Black (GZB) is determined by demand on the open market. Gigzi Black (GZB) has a unique rewards feature (Gold Rewards); whereby, 60% of all transaction fees generated on the Gigzi network are distributed to Gigzi Black (GZB) participants. The size of the reward is determined by the duration in days that Gigzi Black (GZB) has been held, as well as, the number held by the user. The rewards are paid out exclusively in Gigzi Gold (GZG), at the end of every ninety-day reward cycle.
Gigzi Metal: Stable and Secure
Gigzi Metal crypto-assets are backed by, and redeemable for, their respective metals. Gigzi Platinum (GZP), Gold (GZG) and Silver (GZS) are, therefore, tokenised precious metals.
Precious metals are a stable and secure investment. In times of uncertainty and instability, metals are used to protect and prevent the devaluation of wealth. Therefore, the tokenisation of precious metals by Gigzi has the following benefits:
- Access to global precious metal markets
- Instantaneous protection of gains made in the trade of cryptocurrency by converting
- Preserving wealth as long-term investments in Gigzi Metal
- The ability to trade goods and services using tokenised precious metals
- Being divisible to the 18th decimal enables micro-payments in precious metals
- Reducing the requirement to ship precious metals around the world every time a transaction takes place
THE GIGZI ECOSYSTEM
The Smart Contract regulating the Gigzi ecosystem cannot be modified once deployed; it runs exactly as programmed. Users can freely participate in the Gigzi ecosystem by accepting the proposed functions and terms of the Gigzi Smart Contract.
The Gigzi ecosystem is supported by three core applications: a Wallet, an Exchange and a Treasury. These applications use state-of-the-art technology to provide all the necessary functions for a comprehensive financial system.
Gigzi Wallet
Registering a Wallet account is free and anonymous. The Gigzi Wallet provides full functionality for managing funds stored on the blockchain. The wallet supports multiple currencies, including major cryptocurrencies, such as Bitcoin and Ethereum.
The security of Gigzi accounts is paramount. Users have the option of securing their Gigzi account using the unique configuration of their iris, as a secure replacement to their private key.
The Gigzi Gold Card is a physical debit card. The card is based on a technical standard known as smart card technology and includes the contactless payment method NFC
Gigzi Exchange
Gigzi Exchange facilitates transactions and exchanges between currencies. With the growing number of currencies, inter-operability is a significant feature of the Gigzi ecosystem.
By integrating through Application Program Interface (API) with a cryptocurrency exchange, can provide users with instant access to liquidity at the most competitive rates.
Exchanges involving fiat money require manual processing by local partners. Transactions using bank transfers will be made through bank accounts local to the user. Both these exchange types will be handled by local partners.
There are no limits to the number of countries that could host local partners and they will support a range a of transaction volumes.
Gigzi Treasury
The Gigzi Treasury application is where Gigzi Metal can be redeemed for platinum, gold or silver. The precious metal that backs Gigzi Metal is redeemable by the user at any time. The ability to redeem Gigzi Metal assets, on demand, enables users to manage investments in a secure and efficient way.
The Treasury is responsible for maintaining metal reserves with the mint. When reserves of a precious metal are running low, the Treasury exchanges Gigzi Black (GZB) for USD currency to acquire further reserves, thereby, enabling the creation of new Gigzi Metal crypto-assets.
Gigzi Metal crypto-assets are backed by unfabricated precious metals. The ingenuity of this system enables users to avoid storage fees, therefore, retaining the full value of their investment.
The Gigzi Treasury charges zero commission for metal fabrication and delivery.
The Mint periodically audits the amount of precious metal held in reserve by Gigzi. The number of crypto-assets in existence can be verified by the Gigzi blockchain and will always be equal to the amount of precious metal held by the Mint.
TOKEN
Token: GZB
Available for sale - 80,000,000 GZB
Pre-sale: 21 Sept 2018 - 21 Nov 2018
1 GZB = 0.0025 ETH
ICO: 23 Nov 2018 - 31 Dec 2018
1 GZB = 0.0025 ETH
Soft cap: 7,000,000 USD
Hard cap: 24,000,000 USD
You can include useful links for more information.
Web: https://www.gigzi.com/
Telegram: https://t.me/gigzi
Medium: https://medium.com/gigzi
Twitter: https://twitter.com/gigziofficial
Reddit: https://www.reddit.com/r/Gigzi
Whitepaper: https://gigzi.com/whitepaper
Facebook: https://www.facebook.com/gigziofficial
Linkedin: https://www.linkedin.com/company/gigzi
Btt ANN: https://bitcointalk.org/index.php?topic=5047392.0
Btt profile link (adempostaci): https://bitcointalk.org/index.php?action=profile;u=1538255