Introducing GSX – Gold Secured Currency
1. What is Gold Secured Currency?
Gold Secured Currency (GSX) is a digital token that is backed by assets. These assets, such as mines, heavy equipment, and mineral rights create income to sustain the value of GSX in the long term.
GSX utilizes sharding technology to facilitate extremely quick transaction speeds (sub-2 seconds) and will ensure that it never “bloats” like other cryptocurrencies which cause their transaction times to be too long for day-to-day use and prevent mass adoption.
GSX is unique in that is a combination of a stable coin and a traditional cryptocurrency, making it the first Growth Coin on the market. GSX utilizes both aspects to create a value backed by physical assets that grow. This also allows an increase in price in the same way as other traditional cryptocurrencies.
GSX is aimed at long-term sustainable growth for investors, offering a stable value suitable for use in rapid daily transactions.
2. Main Benefits of GSX for Investors
GSX is backed by mineral rights, mining and refining equipment, mines, gold, and minerals. The starting value has been set with the assets now backing GSX, with many large-scale mines and refineries currently being negotiated for addition. The
holders of GSX are trust beneficiaries, if anything were to ever happen to GSX, the trust would be used to sell and distribute all assets. This gives GSX a tangible value at all times, unlike most other cryptocurrencies, which have zero tangible value behind them.
Growth of Backing
There will be a continual increase in mineral rights and assets backing GSX. New mines and income-producing projects will be added constantly, so the asset value will continue to grow. Currently, the first-year minimum asset goal is $7 billion, which would make the individual asset value $0.23 per GSX token. The second-year goal is $20 billion in assets, making the asset value $0.66 per GSX token. The third-year goal is 30 billion in assets, making the asset value $1 per GSX token, with plans for similar future growth.
GSX actively promoted and managed
The funds generated from the GSX token will be used to invest in projects that, in turn, further support and promote GSX.
Teams that are active include:
• Negotiators for new mines and projects
• Administrators to run projects
• Marketing and sales for the GSX token and projects
• Customer Support for GSX
• Developers to continually improve software and systems
GSX has its own dedicated resale site (gsxcde.com) that allows users from across the globe to purchase GSX quickly and easily via credit card or bank. At the gsxsecure.com site, you can safely store your purchase and trade to others on the network, or you can transfer to a wallet that allows you to trade on worldwide exchanges.
4. Revolutionary Real-World Use Cases
GSX is currently being used in mass adoption. Gold Secured Currency hosted the first-ever GSX Farmers Market on the 9th of October 2021 in Klerksdorp, South Africa. This market provided a platform to showcase the convenience and suitability of GSX in physical marketplaces to facilitate simple market transactions.
Local South Africans could come together and buy everyday items with GSX including prepared foods, entertainment, and fresh produce from Klerksdorp’s local farmers. Feedback from users (both vendors and customers) was overwhelmingly positive with most pros being the speed of transaction and to use a currency that rises in value due to the assets backing it.
GSX is currently continuing to promote the mass adoption of the digital currency in South Africa and other neighboring countries that are in desperate need of a stable, usable currency. GSX is at the forefront of using digital currency in a way that will help people with limited or no access to banks or safe storage of their funds.