What is Gold Secured Currency (GSX) and who accepts it as payment…
Gold Secured Currency (which I’ll refer to as GSX from now on) is the gold standard of growth coins; it will be “backed by land, mineral rights, and gold” according to Stephen McCullah, CEO of Apollo Fintech. As a project very focused on connecting the real world with the aeriform crypto-sphere, GSX is accepted by businesses as payment, from a Denver-based web development firm to a very zen Indian resort hotel.
Who accepts GSX…
Are you an Entrepreneur, freelancer, or manager of a business accepting cryptocurrency?
Should you buy GSX?
As a growth coin, it aims to be the best of both worlds, an asset-backed stablecoin that will maintain growth as Apollo Fintech develops more assets to back it, like their gold mining operation in Africa. What makes GSX stand out as a digital gold offering…?
- They have published is a geological survey of their 3,000-acre mining claim.
- GSX, accumulated in sufficient amounts, will be redeemable for a physical NFT, GSX-stamped gold coin.
- Their innovative blockchain sharding technology has been audited by a third party.
- Their blockchain is engineered to be “quantum-resistant” — expect quantum hackers to be a thing in the future!
- They plan to burn 50% of the presale coins held by the developers.
- GSX has a very public (and very American) founder, Stephen McCullah. Their team is large, well-credentialed, and public.
“GSX gives its owners the benefits of having a minimum asset value, like a stable coin, while also facilitating growth in value like traditional cryptocurrencies.” according to CoinMarketCap. I expect GSX to do well in the coming years thanks to McCullah & Co’s out-of-the-box thinking…
According to their whitepaper, Independent international third parties will regularly audit the amount of gold that the company owns, but I could not find those audits on their website or elsewhere on the internet. So the assets backing GSX are at this point their mining claims along with Apollo Fintech’s other projects and its brand cache (which is certainly growing with their aggressive and creative marketing). Basically, they’re offering the chance to own a piece of what might prove to be a very lucrative mining operation with a cool technological and social ecosystem built around it.
I try to make a criticism of every crypto project I investigate (even the ones I like) and for Apollo Fintech, it’s that they are trying to do too much. Their flagship APL crypto, an asset-backed stablecoin, a goldmine, a payment processing network, a pro-free-speech social network, a Lambo-giveaway contest, a reality show, and a libertarian-esque crypto country? Why not also start working on a manned mission to Mars!
About GSX Coin
The World’s First Growth Coin
World’s First GSX offers the asset backing (currently estimated $3.2 billion USD) of a stable coin, the growth of a cryptocurrency and the periodic bonuses of an investment coin. Combining all of the best elements in cryptocurrency into one secured coin.
from gsxcde.com
Based on the analysis of the market made by the Apollo Fintech team, they have created a truly unique model of cryptocurrency, which will be directly influenced by the company’s operations. Apollo Fintech will be mining precious metals, which can provide stability and growth to GSX’s backing. The mission of Apollo Fintech is to create a new investment tool that combines rights to rich land and gold as an asset. This combination will back GSX, characterize it with not only a fundamentally stable value but a mechanism for potential growth.
from the Apollo GSX whitepaper
