When it comes to stablecoins, the market has already reached a point of saturation. Most of the stablecoins available today offer nothing new in the way of user functionality. Most are just copy cats, but not all.
What is GSX?
GSX is a fourth-generation stable coin that changes the game forever. This unique financial instrument provides investors with a variety of new technologies to expand their strategies. GSX is unlike any other stable coin that has entered the market before it. It’s light years ahead of the competition in terms of security, usability, and stability. All of these reasons, and more, are the driving force behind the GSX market craze.
Notably, GSX is a gold-pinned stablecoin. However, unlike the competition, GSX coins are not just pinned to the physical gold held in the company’s vault. Instead, GSX bridges the gap of stablecoin and investment to provide holders with real ownership of the entire gold mining operations.
This gold mining operation is held by Apollo Financial. The land the operation sits on is gold-rich. Additionally, the operation spans 5,000 acres of prime real estate. As a GSX holder, you are a partial owner of the gold, the land, and even the mining equipment.
This strategy places GSX in a category of its own in terms of ROI. Most stablecoins only provide you with a more stable currency to conduct transactions with. GSX provides you stability and dividends for your participation. These dividends are paid out yearly directly to your GSX wallet address. Best of all, the entire process is automated via smart contracts.
The important role of Stablecoins
Stablecoins play a vital role in the market today. These tokens function as a safe-haven during times of market volatility. Their stability makes them ideal for accounting purposes as well. It’s easy to make a financial record of a crypto payment for services when it’s made in a fiat-based stable coin versus Bitcoin.
Different Type of Stable Coins
There are a lot of different types of stablecoins in the market. Each of these coins possesses its characteristics, benefits, and drawbacks. Understanding the differences between these types of coins is one of the best ways to improve your investment strategy. Here are the most popular types of stablecoins found in use today.
Commodity-pegged stable coins have always been a desire for cryptocurrency developers. In fact, some of the world’s first cryptocurrencies utilized gold-pegged strategies. Today there is a huge variety of commodity-based stable coins.
There are coins pegged, gold, silver, platinum, diamonds, and even oil. Surprisingly, the country of Venezuela launched a government-backed stable coin called the Petro. This coin is pinned to Venezuela’s vast crude oil reserves.
Fiat pegged coins are the most popular in the market. These coins are pegged to fiat currencies such as the euro or dollar. These coins are very popular in exchanges. Investors find it easier and cheaper to convert funds to fiat-pegged stablecoins rather than actual fiat currency during market volatility.
Fiat stable coins serve a purpose in the market but they aren’t perfect. If the value of the fiat currency they are pegged to decreases rapidly, as in the case of runaway inflation, the stablecoin will also be useless. While this scenario could also happen in a commodity token scenario, it’s less likely because it would require the discovery of some large deposit.
Fiat-pegged stablecoins are dependent on the monetary policies of the state. If the state decided to print out trillions in dollars in stimulus packages, the effects of inflation will be felt across the fiat stablecoin sector as well. Despite these concerns, investors still rely heavily on stablecoins as part of their trading strategy.
Cryptocurrency-pegged stablecoins are another concept as old as the market itself. The first stablecoins were pegged to Bitcoin and not gold or fiat currency as you would expect. Crypto pegged stable coins introduce some significant advantages to the market.
The main benefit of a crypto-pegged stable coin is transparency. The entire smart contract and crypto holdings can be reviewed and monitored in real-time via blockchain explorers. There is no human intervention required, so it’s far less likely that you will run into the most common issue associated with failing stablecoins – human greed.
Crypto-backed stable coins are still popular in the market, although they are behind fiat-based coins at the moment. These coins just saw a reiteration in the form of DeFi and liquidity platforms. These platforms lock up some form of crypto, usually BTC or ETH, to ensure the liquidity of projects in the sector.
How GSX Can Revolutionize the Market
Now that you know about the three main types of stablecoins in the market, you’re ready to see how GSX can fulfill the most important tasks of the market. As a gold-pegged stable coin, GSX is more stable and flexible than the competition. Additionally, it functions as an investment vehicle that pays dividends to its holders. No other stablecoin can complete these tasks in their original format without any alterations.
GSX also functions as currency for day to day transactions. You can send your GSX to other users globally. Make payments and receive GSX in seconds. Sending GSX is far more cost-effective when compared to sending the same amount of value in fiat currency. GSX can scale up and handle thousands of transactions a second.
This scalability makes GSX the premier gold-backed currency of the future. Imagine receiving your paycheck in gold. GSX can make these desires a reality via its proprietary network. No other gold-pegged coin is this secure and flexible.
GSX – A Premier Stablecoin
GSX is positioned to hit the market running. The platform is currently having a pre-sale with up to 50% discounts for select investors. You can get GSX today and make some significant ROIs during the launch of the platform. For now, the market needs a stablecoin like GSX to take it into the next century.