What is Golden Currency? 

Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency. 

 The main goal of the project is to establish a monetary system of the new Golden currency, which includes the first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold. Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use. 

 Establishment of Golden currency and its infrastructure will be based on the key principles described below. When deciding on the elements of the system, key principles will be taken into consideration at first. In case of alternatives, only solutions based on such principles will be chosen. Golden system independence will always be a priority. The ultimate goal is to provide a stable system that will function, despite the exclusion of any individual or entity from this system. In this case, it is blockchain and reliable legal schemes with the use of the Swiss Foundation, funds under independent management, separation of legal entities by functions, etc. Transparency is one of the elements of trust in the system and one of its competitive advantages. In no case it is meant to provide transparency at the expense of anonymity. In this case, transparency means maximum transparency of the system itself, its operations and management. 

 In the process of development and implementation of the Golden system, the best world practices will be analyzed to select and implement the most modern and reliable. In addition, the possibility of easily updating the elements to more modern technologies will be taken into consideration. Other things being equal, the system will be based on the principles of possible replacement and updating of such elements without damage to the system. Golden is a fully functional currency, but with additional advantages. If you live, for example, in the US - for you the Euro and the Turkish lira is the foreign currency, if you live in Europe - for you the Russian ruble and the Chinese yuan is the foreign currency. Now imagine that among currencies that you can buy legally, for example, in exchange offices, there is a new currency Golden. You can exchange your national money for paper money Golden and put them in your wallet. 

 The project involves the issuance of gold money for cash and non-cash transactions and its infrastructure establishment 

 

ADVANTAGES

• Stable, reliable and transparent silver. Gold-backed. Using blockchain. Perfect payment and investment tool
• Not national and not politicized. Emissions are not made by governments and do not support any government
• Practical money. Modern independent infrastructure (ATMs, maps, etc.). Easy payments and conversion to crypto and fiat money
• Payment in cash and electronic. Anonymity and universality of use (everywhere in the world)

 

MARKET

• Lack of money based on the asset in the world. There is no country in the world that has 100% asset-based currency
• Lack of independent legal money. All currencies depend on the political and economic situation of the country where they are issued
• Lack of money without inflation. Examples of hyperinflation show the possibility of inflation up to 98% per day
• Crypto currencies do not fulfill the function of money. Due to volatility, lack of use of money, legal status, etc.

  

 

Tokens Details:

• Token PGCT
  Price 1 PGCT = 1 USD
  Platform Ethereum
  Accepting ETH, BTC, Fiat
  Soft cap 10,500,000 USD
  Hard cap 205,000,000 USD
  Country Singapore
  Whitelist/KYC None 

 

Team

 The project is implemented by a highly professional team led by founders with extensive experience in implementing complex and large investment projects - Igor Chekun, head of the private equity fund with a project portfolio of over 1.1 billion USD, and Lev Voronov, a businessman, former founder of metal mining and automotive industry group.  

 

Roadmap

 

Conclusion

 The banking community is actively developing and testing products based on the blockchain. For example, a consortium R3 has been formed, developing Corda, which can be used to conduct instant money transfers. Also there is the Global Payments Steering Group GPSG, which uses Ripple. There are also other developments and groups that are actively developing and testing products based on the blockchain. In order to reduce overhead and accelerate rollout of the Golden Bank network and its banking services, in particular instant interbank payments, the use of developed or developing technologies based on blockchain for the banking sector, including integration into existing consortia, is considered as a basic strategy. For users (individuals and legal entities), Internet banking and mobile applications (Apple, Android) will be installed for convenient account management.  

 Following more information;  
Website: https://goldencurrency.world
Whitepapper: https://goldencurrency.world/white_paper_eng.pdf
Telegram Group: https://t.me/joinchat/GljMN0cgk-_pKAc4mDBPmQ
Twitter: https://twitter.com/goldencurrency/
Facebook: https://www.facebook.com/GoldenCurrency.world/
ANN: https://bitcointalk.org/index.php?topic=2994066.0
Bounty thread: https://bitcointalk.org/index.php?topic=3310780.0  

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