GLDS is world’s first cryptocurrency project that establishes a highly synergistic relationship between digital technologies and the real economy, namely, gold mining. In our project the blockchain technology is utilized to make gold mining more transparent and efficient. Gold, in its turn, backs the GLDS token with stability and investment appeal.
Besides, the investment appeal of the GLDS project is further supported by the fact that gold is already in demand, it doesn’t need promotion or stimulus. Considering the supply of gold on the planet is strictly finite, the only way for demand to go is upwards, and the price of this asset can only follow. Gold is currently the most attractive, reliable and profitable investment instrument. The GLDS token being pegged to gold automatically gives it a powerful growth driver that will help advance the entire project. In addition to the above, starting November 2020, the company will begin buying back tokens every three months, fulfilling its promise to the investors and stimulating coin price increase. GLDS token will be listed on a number of cryptocurrency exchanges simultaneously. There, tokens can be bought, sold or traded for another cryptocurrency, or cashed out into fiat money or even gold. GLDS tokens serve as a gold standard for cryptocurrencies since each coin is backed by 0.02 grams of gold. The total supply to ever be issued is 15,000,000 GLDS tokens, with 14,000,000 GLDS available to investors. Token price during the ICO will be 0.02 gold grams in dollar US. After the ICO is launched, the first portion of tokens will be sold with 25% bonus. Starting November 2020, the team plans to begin buying back GLDS tokens at their market price, increasing coin value.
The price of gold on global exchanges has risen several times over. In the early 2000s one troy ounce of gold went for 300 dollars, now the same amount of this precious metal is worth 1500 dollars.
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