KuCoin is extremely proud to announce yet another great project coming to our trading platform. GramGold Coin (GGC) is now available on KuCoin. Supported trading pairs include GGC/BTC and GGC/USDT.
Please take note of the following schedule:
- Deposits Effective Immediately
- Buying order: 15:30 November 30, 2018 (UTC+8)
- Selling order: 16:00 November 30, 2018 (UTC+8)
- Withdrawal: 18:00 November 30, 2018 (UTC+8)
Note: According to the requirements of the GramGold Coin (GGC) team, the trading fee for GGC/BTC and GGC/USDT has been adjusted to 0.25%.
GramGold Coin (GGC) Introduction:
GramGold Coin – Hedge Coin Of The Crypto World.
GramGold Coin is a stable coin whose value is pegged to a gram of gold. The token’s value represents 1g of gold bullion, which is recorded by a certificate. For each gram of gold demonstrated by certificate that is sent via a smart contract through a Proof of Asset consensus, one GGC gets created on the blockchain. Gold bullion backing GGC tokens is held by a trusted value service provider. There is potential for the token to meet the company’s goal of becoming the coin of choice between fiat currency and cryptoassets.
GramGold wants the GGC token to become the most efficient vehicle for settlement of all sorts of payments in both worlds. Thomas Huang is the CEO and a co-founder of the company. According to the project’s website, he has 23 years of investment banking, wealth and risk management experience. Thomas received a Master’s degree in Mathematics and Finance from Columbia University in New York. The team is relatively well balanced with 10 members listed on the website.
A 1-gram physical gold baked token minted with legitimate proof of asset by a bullet-proof process. Every single GGC is issued out of gold already purchased and held by a gold vault instead of crowdfunding from ideas and plans. We call our process “ICC”, initial coin circulation instead of an ICO.
GGC aims to be used as a base currency quoted against all major cryptos with tight bid/ offer due to its stability and zero correlations with other major cryptos. GGC with its gold-back proof-of-asset solidly supports a floor price of gold value which is stable and transparent. Gold’s historical volatility is 9.2% as compared with Dow’s volatility at 15%, MSCI World Index’s volatility at 15.5% and USD Value Index’s volatility at 8.8%. Gold also has a negative correlation with Bitcoin (-16%), Ethereum (-21%) and USDT (-77%).
For more information, visit:
GramGold Coin (GGC) Official Website
GramGold Coin (GGC) Whitepaper
Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology.
Media Contact
Company Name: KuCoin
Contact Person: Media Relations
Email: Send Email
Phone: 0871979465
Country: Singapore
Website: kucoin.com