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exchange in 2018. It can make you achieve the experience of the best of both Worlds: Trending crypto and the security of the real gold. With Gold Bits Coin we can have our each and every coin that we have purchased to be backed by real gold.
Gold Bits Coin (GBC) is a partially (15%) gold-backed peer-to-peer currency that is used for the settlement of value and allows assets to move digitally without the need for a financial institution. By creating a token that has real gold backing we have created a currency that has the best of both worlds - gold's old-fashioned stability, and blockchain's technological capabilities.
The world today feels like it's becoming more disjointed and uncertain than ever. Financial shocks and geopolitical crises become ever more frequent, while simultaneously new technology such as the
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allows us to peer into a more prosperous and transparent future. With all these changes at play, we feel that people, organizations, and governments deserve a currency that hedges against this uncertainty. A currency that will have a reliable value in times of crisis and instability.
This is our vision behind creating Gold Bits Coin. It is one that is shared by an increasing the number of economists and financial experts who see the global benefits of a major currency partially based on the security of gold.
Gold Bits Coin also has several other utility functions built into the token. For example, there will be a list of projects inside the GBC platform that token holders can vote to allocate GBC funds towards. These projects will be high-quality investment opportunities that have been verified by the management team. Once a project receives a certain percentage of votes from the community the project receives investment from GBC. More on this can be found in the voting section of this Whitepaper. To help manage these investments the Gold Bits Coin team has strong experience in fund management and financial planning. They have worked at companies such as Macquarie, AMP, ANZ, and Westpac.
One of the most exciting aspects of Gold Bits Coin is its potential usability as legal tender. We believe that cryptocurrencies and governments can not only co-exist together but can serve to empower and make the other better and more efficient. The implications of this are profound: the implementation of GBC as a recognized national currency would provide governments with increased international capital inflows and help eliminate the losses incurred by counterfeit currency.