Cryptocurrencies have been making
huge waves in our market for the past year, many people have casted doubt on
them. Although, I am certain they are here to stay. Blockchain technology is
going to transform the way we use and view money for many generations to come.
Blockchain is the most prominent innovation of our time. Cryptocurrencies use
the blockchain to put our spending power directly into our own hands, making
our cash systems completely peer-to-peer. This new technology eliminates banks,
and makes it quicker and cheaper for us to transfer, send or spend money. In Q4
of 2017 we saw cryptocurrency markets reach all time highs, people are quickly
starting to realize that decentralized cash systems are a much more efficient
and effective way to store and manage our money.
There have been a lot of ICO’s or
initial coin offering launching in the beginning of 2018, today I would like to
talk about puregold.io. Puregold.io is the first cryptocurrency claiming to be backed by gold,
in a market that is very unstable, a coin backed by gold is sure to be very
valuable. Gold is the most expensive commodity, and treasured precious metal
available to us. A lot of people say that the United States dollar bill is
backed by gold, but it is not. Therefore, we can easily speculate that a
cryptocurrency backed by gold could provide our investments with more stability
than the U.S. dollar bill. In terms of finances, people often associate
stability with gold, when we fear our native currency is losing its value we
know we can always turn to gold as a store of value.
Puregold.io plans to decentralize
the purchase and storage of gold. Puregold is a well known e-commerce store in Singapore that sells gold bars and silver coins. Gold is actually bulky and cumbersome to
own, they plan to use to blockchain to distribute coins backed by the gold they
hold in the gold mine they own, to people all over the globe. So you can own gold, and enjoy the security
and stability of it without worrying about being robbed of it, or losing it. Puregold
will use its token called PGT to allow people to do business or make transfers with
people all over the world using blockchain technology. Before blockchain
technology it could sometimes take weeks for currencies to be transferred
across borders, and money transfers always included extra fees from banks and currency
exchanges. Puregold will be a simple peer-to-peer cash system with the
stability of gold! There will only be 50 million puregold tokens in existence,
this small max supply should also make the coins scarce if pure gold becomes
successful.
Puregold.io already has a very
promising partnership with Orca, a business operating system located in
Singapore and Malaysia. Orca is used in the hospitality industry across eight
different countries! Puregold will use ICO funding to provide atm’s and tablets
that will use Orca's pos system. This partnership puts puregold in a
position to reach thousands of people and businesses in Asia. Puregold already
has an android app on the market called PGPAY! You can check out their website here for more information and the Puregold.io whitepaper: www.puregold.io
Sponsored by Cryptoprofile.com
Completely agree. cryptocurrency is fastest growing currency. This post share very helpful details here. Thanks for sharing.
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