Wed. Oct 28th, 2020

DAPUcases

Direct Apollo Partnership And Use Cases

Gold Standard Currency (GSX) #1 Stablecoin Attractive Benefits

4 min read

Gold Standard Currency (GSX) Stablecoin Attractive Benefits for Investors exceed expectations and went way beyond imagination. GSX, the first of its kind for stable coin, is setting a new standard in the digital assets industry.

Apollo GSX, the most technologically advanced stable coin compared to USDT, TUSD, USDC, BUSD, and DAI, will inherit the Apollo blockchain’s features. Featured in Bitcoin News and ReportsForex-News, and BTC Heights, GSX is climbing the popularity ladder amongst blockchain pundits, crypto pros, and newbies seeking something different. Apollo GSX provides something different, a coin that rises in value and profitable.

GSX is climbing the popularity ladder amongst blockchain pundits, crypto pros, and newbies seeking something different. Click To Tweet

Over the years of digital assets existence, prices suddenly fluctuated to levels that hurt many investors. The volatility often causes new investors to lose faith in their investments and thus exit the industry. The development of stable coins suppose to provide solutions for investors to securely store their assets until they are confident the market is at a point of reentry.

According to Investopedia, “A stablecoin is a new class of cryptocurrencies that attempts to offer price stability and are backed by a reserve asset. Stablecoins have gained traction as they attempt to offer the best of both world’s—the instant processing and security or privacy of payments of cryptocurrencies, and the volatility-free stable valuations of fiat currencies.”

Popular stable coins such as those mentioned above act like traditional banks to the extent that they offer no other benefits than Investopedia mentioned. Apollo GSX could not come at a better time to provide better options when choosing stablecoins.

Popular stablecoins act like traditional banks to the extent that they offer no other benefits than Investopedia mentioned. Apollo GSX could not come at a better time to provide better options when choosing stablecoins. Click To Tweet

Gold Stablecoin Benefits

Below are the benefits of Apollo Fintech’s Stablecoin, GSX.

  1. Backed – GSX is a stable coin trust backed by physical gold, and mines. With many large mines and a refinery being added. Including a number of alluvial and hard rock gold mines, a copper mine, tantalum mine, nickel mine and lithium mine.
  2. Trust Ownership – GSX holders are the trust beneficiaries of the companies involved, the mines, all equipment and buildings, the future refinery and all land rights, gold and metals therein. What this means is that even If something was to ever happen to Apollo Fintech, the assets would be sold and the proceeds would go directly to the holders of GSX.
  3. Growth – Continual increase in value land and gold backing GSX. First year minimum goal is 7 billion in assets, second year is 20 billion in assets, third year is 30 billion in assets.
  4. Audited – GSX’s gold and metal reserves will be continuously audited by some of the most respected respected auditing firms, such as BVA
  5. Dividends – GSX holders are entitled for yearly dividends of 50% of all gold and metals mined or refined after expenses and expansion. They are also entitled to a significant portion of transaction fees from Apollo Fintech’s products, such as the National Payment Platform, which is developed to run economies.
  6. Coin Burn – 50% of the 10 billion that is not sold in CDE will be burned, value moves to surviving GSX
  7. Redeemable – GSX will be redeemable for its gold value, so it will help it to maintain a more constant price
  8. Combination – GSX combines the best elements from a stable coin, cryptocurrency and investment coin.

Growth – It’s price could trade much higher than its asset value so it has the growth benefits of a traditional cryptocurrency, like BTC, with the potential base asset value that would prevent it from sinking drastically. And holders receive constant dividends of an investment coin which further drives its value. Giving holders the benefit of all 3 of the best investment options in crypto.

  1. Quantum Resistance – GSX will
    be one of the first Quantum Resistant stable coins with the integration of Quantum Steel cryptography algorithm on the Apollo Blockchain. Quantum computing is the number one greatest threat to blockchain at the moment.
  2. Participation – holders will be able to visit and stay at the main mine at the GSX visitor center, and be able to participate in elements of the mining, such as testing out equipment, watching explosives, prospecting with the pros, testing and many more experiences that offer the true Gold Rush thrill. Furthermore, the team has talked to production companies about a potential reality show and are planning to put up 24/7 cameras allowing holders the ability to take part in the action from the comfort of their home.
GSX First year minimum goal is 7 billion in assets, second year is 20 billion in assets, third year is 30 billion in assets. Click To Tweet
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
Skip to toolbar