GoldTech

Innovations in Finance with Tokens and Blockchain

Why We Don't Issue Gold-Backed Cryptocoins

Gold-backed cryptocoins, renowned for their stability, face challenges. The volume of ETFs and cryptocoins backed by gold exceeds the total global supply of gold already mined and that which is yet to be unearthed, leading to an unacceptable situation. Additionally, cryptocurrencies lack stability and reliability. In the event of a technological catastrophe, such as widespread power outages, cryptocurrencies would simply cease to exist, undermining their presumed value. Furthermore, when cryptocurrencies are exchanged for fiat currencies, they simply replace one form of debt with another, undermining their intrinsic value and stability.

Tokens Exclusively for Ownership Rights

Tokens on our platform are exclusively used to confirm ownership rights. This approach eliminates the need for token listing on cryptocurrency exchanges, ensuring a direct correlation between token price and the current price of gold on the LBMA. Clients can control all transactions without involving third-party specialists. Transactions are transparent, free from intermediaries, and do not incur commission fees.

Blockchain for Data Protection

Blockchain technology plays a key role in ensuring the security of data on our Trading platform. By means of distributed data storage and the use of cryptography, we guarantee maximum protection of our clients’ data. Thanks to blockchain, we facilitate open exchange of information within our business network and assign unique information about gold ownership to specific individuals. Our information is duplicated on a server that is not connected to the network, making it impossible to hack. Risks are reduced to zero.

Integration of Tokens and Blockchain

Tokens and blockchain are closely integrated into our financial strategy and enable us to achieve our goals and objectives. We see them not only as tools for accounting and protection, but also as cornerstones of our innovative financial ecosystem. With their help, we protect clients from inflation, optimize the tax system, move away from traditional financial intermediaries, acquiring banks, third-party processors, SWIFT and SEPA, Visa and Mastercard.

Conclusion

Our principles and practices of using tokens and blockchain not only meet security and transparency standards, but also establish a solid foundation for the financial industry, which we call GoldTech. We are proud of our innovative approaches and strive for continuous development and improvement. At the same time, our own gold mining eliminates the need to compete in the cryptocurrency and ETF markets. Our clients can manage their gold at their discretion, providing them with unparalleled flexibility and control.

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