From Gold Bars to GCOIN

Unlike most cryptocurrencies, a GCOIN token is a digital title of ownership to 99.99% pure physical gold that is stored in secured and independently audited Swiss vaults.

According to Brent de Jong, founder of GCOIN, in his G-Coin Tokens: Back to Basics blog: Gold is a particularly important asset due to its stabilizing properties and it has been regarded as a default store of value and wealth, especially in times of volatility and market disruption.

There are of course a number of ways to hold gold, for example as physical bars or indirectly as investments in mutual funds or exchange traded funds (ETFs), but GCOIN tokens bring gold into the digital age and allow customers to purchase gold in fractional denominations, in the form of GCOIN.

Moreover, the one-to-one link between GCOIN tokens and physical gold offers a unique opportunity for users to buy and sell, a digital title to gold, with 100% ownership of the underlying physical asset which can offer new and existing customers an opportunity for portfolio diversification.

GCOIN, the ticker symbol on the CrossTower U.S. platform, is now available for trade in US$, BTC, and ETH pairings.

Understanding The Roots: Responsible Gold

GCOIN operates on a custom built, third generation blockchain – the QOS Blockchain – that issues public ERC-20 tokens. This provides a trusted ecosystem for a faster, Anti Money Laundering (AML) and Environmental, Social, and Governance (ESG) compliant medium of exchange.

The underlying physical gold from which GCOIN is minted is called Responsible Gold^TM. Gold, perceived as a conflict mineral, is highly susceptible to money laundering and conflict-financing, and gold production is often characterized by child labor, unsafe mining practices, harmful use of mercury, and severe environmental degradation.¹

Responsible Gold is produced by miners and refiners who conform to the highest ESG practices and is tracked from mine to vault on the QOS Blockchain.²

Recognized as an exceptional ecosystem by a United Nations taskforce and Amanie Advisors for its positive contribution to the Sustainable Development Goals and ethical trading respectively, Responsible Gold, and GCOIN as its electronic document of title, is a solution for the ESG conscious to close the trust gap in the gold supply chain.

Paving The Way With Gold

As the digital world continues to evolve, so does the opportunity to expand beyond more traditional asset classes. G-Coin has the potential to support customers in that endeavor.

The QOS blockchain is optimized to support more than 10,000 transactions per second³, allowing G-Coins to be transferred between U.S. customers instantaneously and at no cost. As G-Coin is launched in more markets, it will be available for cross border transfers and with a G- Coin debit card users will be able to spend gold on day-to-day purchases. With G-Coin’s full save, send and spend functionality unlocked, users will become a part of a secure, seamless, and trusted ecosystem.

References

1. www.gcoin.com
2. US Dodd Frank s. 1502 conflict minerals / OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict- Affected and High-Risk Areas
3. www.responsiblegold.com
4. https://assets.website-files.com/5edb8162f826cf2b959b1963/5f04bfebf210e6b31994e246_Responsible%20Gold%20Ecosystem%20White%20Paper.pdf

Sources

Emergent Technology & Payments: Portfolio Allocation Benefits – a comparison of GCOIN to Gold ETFs (GLD).

Brent de Jong: GCOIN tokens: Back to Basics

10 Clouds: Transferring from Private to Public Blockchain – The story of GCOIN

World Gold Council: The relevance of gold as a strategic asset US edition

World Gold Council: Gold and cryptocurrencies – How gold’s role in a portfolio differs from cryptos

* Although physical redemption of Responsible Gold backing G-Coin is permitted under certain conditions, specific restrictions may exist in certain jurisdictions. For inquiries regarding the availability of such feature please contact customer support at i[email protected].