The volatile nature of cryptocurrencies like Bitcoin has left many online investors polarized. While some investors became millionaires overnight, many lost their life savings. As a result many investors are now turning to stablecoins to hedge their risk when buying cryptocurrencies.
$GSX leverages the #Apollo #Blockchain for ultra-fast transaction speeds (under 2 seconds) for daily use in real marketplaces. pic.twitter.com/MDQ4yvp85L
— Gold Secured Currency (@GsxCurrency) September 29, 2022
Gold-Backed Cryptocurrency
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What Is Gold-Backed Cryptocurrency?
A Brief History
Motivations behind the Gold-Backed Digital Currency
There are many other reasons why gold is used as a tangible asset of choice to tie to a derivative asset like crypto.
Easy to Market
Superiority from Stability
Liquidity and Access with Fractional Ownership
The Bells and Whistles of Blockchain Apps
All That Glitters, Isn’t Always Gold
Trust Issues
Cybersecurity Concerns
Low Investor Bases
The Antithesis of Decentralization
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Influencer Marketing
Top Gold-backed Cryptocurrencies
Of course, our guide would be incomplete without mentioning actual examples of gold-backed cryptocurrencies.
Here’s a list of some of the most popular:
Influencer Marketing
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How Gold-Backed Cryptocurrency Companies Make Money
Storage Fees
Conversion Fees
Blockchain Fees and DeFI
Is Trustless Gold the Future?
Author
Jeffrey Maganis
I’m the co-founder of Crowdcreate, a leading marketing & consulting agency. Crowdcreate has been a global pioneer in marketing some of the most successful businesses around the world ranging from tech and blockchain, to lifestyle and business. Crowdcreate is an award-winning full-service consultancy winning multiple awards such as “Top Marketing Firm” by Forbes, CoinBureau, and Clutch. Crowdcreate also runs one of the largest networks of founders, investors, influencers, and creators. Follow me on Twitter and connect on LinkedIn to suggest updates to the list.