The First Cash Money on Blockchain ICO is Coming. Start of a New Financial Revolution?

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The project of the first global private money is planning a USD 250 million ICO (initial
coin offering). The new currency will be used both for cash and noncash payments, will
be 100%-backed by gold, will provide fast and cheap cryptocurrency and fiat currency
exchange and payments, and will provide many other advantages to successfully
compete with fiat money.

The name of the new currency that will be issued is Golden. The project involves not only the
establishment of “private Central Bank” and issuance of the currency, but also all the
infrastructure for it, including global bank network with ATMs, bank cards, POS-terminals and
crypto-fiat-currency exchange.
The ICO of the project is coming in 2018. According to preliminary valuation, the ICO could be
one of the largest in the market with preliminary USD 250 million targets. At the current stage
the aim of Golden Currency developers is to fulfill all regulations and investors demands to be
able to conduct fully legal ICO on the markets, where such regulation is needed (for example,
USA).
Nobel prize winner Friedrich August von Hayek in his book The Denationalization of Money in
1976 advocated the establishment of competitively issued private money and Golden Currency
project is the practical implementation of Hayek ideas.
Now there is no money in the world that is fully backed by real assets, inflation-free and
independent on the political and economic situation of the country where it is issued. Cryptocurrency also does not fulfill the function of money. Golden is planned to change it.
The Golden currency will be used for cash and electronic payments and wire transfers. The
global network of Golden banks will provide online bank and phone apps with integrated
currency exchange and global low-cost real-time payments. Multicurrency accounts for users
will provide the possibility of currency-agnostic payments and real-time low-cost fiat and crypto
currency exchange.
Golden is planned to be a stable, reliable and transparent currency, non-national and nonpoliticized perfect payment and investment tool, it will be the convenient currency with an independent
modern infrastructure and easy payment and currency conversion, it will provide anonymity and
the universality of use (in any place of the world) as being present in cash.
And it will be fully legal…Starting from issuance and following its banking and exchange
services – all of them will be working within the legal framework of the countries where they
work.
Blockchain technologies will be widely used to provide transparency and stability. Blockchain
proof-of-assets protocol, Ripple, and other blockchain solutions will be examined for execution.
The project is developed by the highly professional team, under the head of founders, experienced
in the execution of large and complicated projects.
All details on the Golden Currency you can also find on web pages of the currency at
www.goldencurrency.world

This post is also available in: ruРусский

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