Best of both worlds- Gold and Blockchain
In a world first, CryptoGLD has launch an entirely liquid, 100% gold-backed cryptocurrency. GLD International Inc, trading as CryptoGLD, identified weaknesses in cryptocurrencies. Most cryptocurrencies rely solely on market value perception, without any asset value. To combat this, CryptoGLD and Citigold Corporation Limited, an American and Australian company partnered to created the world’s first 100% gold-backed cryptocurrency.
The Purchase and Security agreements with Citigold ensures that ten million CrGLD coins are backed by 100,000 ounces of gold. This provides buyers with the best of both worlds. CrGLDs have the possible exponential returns of cryptocurrencies, combined with the age-old value and security of gold.
CryptoGLD wants to ensure owners can maximise the cryptocurrency benefits of CrGLD coins, and has therefore set the gold redemption date as June 2022. This means no matter what happens to the CrGLD price, once CrGLDs are redeemable, owners can choose between the best of two options. If CrGLD, like Bitcoin, Ethereum or Dash, increases with thousands of percent, the option exists of selling them on an exchange. Should gold outperform CrGLD, then the best option may be to cash them in for the gold spot price of the day, or collect the gold. Because of this we believe that CrGLD is one of the best and safest coins available on the market.
Its creators believe that CrGLD’s asset backing will result in a more stable price, eliminating the extreme volatility associated with cryptocurrencies, while providing buyers with the “price security” of gold.
“Total transparency is a must.” Says Vice President Gregory Breytenbach. “Some promising coins turn out to be nothing more than empty shells, with no value proposition or liquidity. In order to ensure our clients are well informed, we’re posting our gold purchase, security agreements and audit reports in our wallet”. Says Mr. Breytenbach.
CryptoGLD’s initial coin release provides buyers with the opportunity to purchase CrGLDs at cost, the spot price of gold.
“We want to give buyers the opportunity to get in before the CryptoGLD value increases. CryptoGLD rewards early adopters because they get 5 free coins for every 100 coins they buy. This is a limited time offer”. Says Mr. Breytenbach.