Introduction
It is no secret that gold and precious stones are considered one of the most reliable and profitable investments. The growing demand for these assets, especially in conditions of global uncertainty, political instability, disruption of logistics chains, and inflation, demonstrates its investment attractiveness and non-alternativeness proven by time.
Welcome to the White Paper of the Gold USD token project in the Blockchain system, which is backed by sound collateral, successful operations in the mining, development, processing and sale of gold, gemstones, diamonds, their cutting .
Cryptocurrency is gaining more and more attention, it is already difficult to find a person who would not know about the bitcoin phenomenon. Some countries are beginning to accept cryptocurrency as a means of payment, at the expense of it they make payments for services and goods. The cryptocurrency market is accumulating trillions of dollars, and the dynamics are growing. Corporations such as Black Rock, Tesla and others are already actively buying digital assets and successfully increasing their fortunes.
The Gold USD project is superior to all crypto-assets due to the fact that instead of empty dollars it is backed by eternally liquid commodities such as gold and diamonds, things that throughout history have only increased in value. Nationalization of this product will lead to an infusion of outside investment that will successfully take the country to the next level, and put it on a par with countries like Singapore and the UAE.
GUSD will undoubtedly become a digital asset of value on par with oil and gold, and user engagement will bring the token to the international arena on par with Bitcoin and the familiar dollar.
Our priorities:
- Mining gold, buying it on the spot market, processing it
- Buying gemstones on the spot market, cutting them, and extracting them from deposits
Our partners : executives of large companies in the field of gold mining, gemstones, processing, cutting, valuation, sales.
Gold deposit in the Republic of Guinea, Tanzania.
Preparation and study of the deposit: Conducted a detailed geological study of a gold deposit in the Republic of Guinea
Planning and Infrastructure: Based on the results of the studies, a mining plan has been developed, including the selection of extraction methods and technologies and the construction of the necessary infrastructure at the field site.
Construction and operation: Once the plan was approved, the necessary facilities were constructed, including mines, ore processing plants, stockpiles and other facilities. Once construction was completed, the mine was operated using modern gold mining and processing techniques.
Blockchain market
Level of investment in blockchain startups: Investors around the world are actively investing in blockchain startups, and the amount of investment in this area is constantly growing.
These figures show that blockchain technology has huge potential and continues to grow rapidly, attracting more users, investors and developers.
The blockchain market is one of the fastest growing segments in the technology industry. Here are some key aspects of analyzing this market:
Engagement and popularity: Blockchain technology has attracted widespread interest from technical experts, entrepreneurs and investors alike. The number of companies researching and implementing blockchain is growing steadily every year. Large corporations, banks, government agencies and startups are increasingly paying attention to the
the benefits of this technology, indicating its high engagement and popularity
Capitalization: The market capitalization of blockchain-based cryptocurrencies has grown significantly in recent years. Leaders such as Bitcoin and Ethereum have capitalizations in the tens and hundreds of billions of dollars. This indicates the significant financial potential of this market and its attractiveness to investors.
Innovation and development: Blockchain continues to be a source of innovation in various fields, including finance, logistics, healthcare, government, and others. Various blockchain technology projects and initiatives continue to emerge, indicating its active and dynamic development.
Regulation and Regulatory Environment: One of the challenges for the blockchain market is the unpredictability of regulation. Different countries have different approaches to regulating cryptocurrencies and blockchain projects, which can affect their development and engagement in certain regions.
Overall conclusion: The blockchain market is a fast-growing area with a high degree of engagement, significant capitalization, and active research and development. Despite the challenges and obstacles, this market continues to attract the attention of industry participants and investors alike, demonstrating its importance and promise.
The success of the Gold USD project in the blockchain, real estate and gold markets is obvious! By combining innovative blockchain solutions with user needs, Gold USD offers a promising, in-demand solution.
Gold USD Stablecoin Prospects in Africa: Fighting Inflation and Stability Course
Gold and diamonds are the oldest way to keep your money safe. It is arguably the most stable currency in the world, especially when compared to fiat money. Gold USD token offers the opportunity to make transactions with investment gold and forget about the risks that haunt other digital tokens.
Ensuring stability
Gold USD digital currency is backed by gold and diamonds, which means it is a stablecoin – the price will not change over time on the market. Diamonds are certified and stored in a secure vault, so our project can be trusted to store your funds. The digital token is even able to compete with regular gold. Unlike bitcoins, Gold USD is a stable investment option.
The amount of gold on the planet is limited, and the cost of mining it will increase over time. Banks cannot print gold like money, so this currency is protected from inflation. While bitcoin is losing value, gold has an average annual demand gain of 1.7%. In addition, stablecoins will help stabilize the volatility of cryptocurrencies.
Economists say Zimbabwe’s central bank is not addressing the main cause of the currency’s decline: printing money to finance government spending, reflected in a surge in the money supply in 2023.
That same year, a new gold-backed digital currency was introduced as the country struggles to halt redollarization, which President Emmerson Mnangagwa’s government fears will doom the weak economy. The country’s central bank has authorized companies and individuals to use Zimbabwe Gold (ZiG) digital tokens.
!!! Zimbabwe introduced its own currency in 2019 after a decade of dollarization following record hyperinflation under Robert Mugabe.
In the midst of the Covid-19 pandemic, the government introduced a system to protect the local currency. Authorities now estimate that 80% of transactions in the economy are in US dollars. The Confederation of Zimbabwe Industries (CZI), which represents most of the country’s big businesses, is pushing the government to explore measures to stop the complete dollarization of the economy.
Benefits for investors
Stablecoins are a stable area to deposit funds as they have a basis in another asset or currency. They are currently becoming more and more popular. Gold USD token is tied to gold and diamonds, so it will not lose value over time. Due to the constant inflow of new gold and diamonds, Gold USD promises every investor interest income, including in commodities.
Bitcoin has strong volatility, but cryptocurrency users need stability the most right now. To achieve this, stablecoins often combine the properties of gold and bitcoin. Gold-backed stablecoins are similar to gold exchange-traded funds.
Gold has a daily trading volume of $250 billion, while bitcoins account for only 1% of that amount. Gold is more liquid, so institutional investors consider it an alternative to cash, which is not the case with most cryptocurrencies.
The dollar system is little supported by China, US government debt is higher than ever. Analysts believe that the refusal of states to invest gold to support fiat currency is quite likely. In this case, they will look for an alternative in the form of cryptocurrencies.
According to fresh data, in 2023, Africa’s share of Chinese trade has already risen to 3.7%, a one-and-a-half-fold increase in one year.
And this is logical. Under the new conditions, we have to change our approach. If historically Chinese business looked primarily to the West, now this direction has become riskier, if not completely closed. It is now much more dangerous to place Chinese money in prosperous Switzerland than in Egypt or South Africa.
Benefits for Africa
Recently, the cryptocurrency market in Africa has been overtaking all other countries, and new laws are being actively created to regulate it. This popularity is due to the search for a stable means to save their money in a financial crisis.
In May 2023, Zimbabwe introduced gold coins for peer-to-peer and peer-to-business transactions and as a savings vehicle as the country’s currency continues to lose ground against major currencies.
Zimbabwe has struggled with monetary chaos since hyperinflation under Mugabe destroyed the value of an earlier form of the Zimbabwean dollar in 2008-2009. Money printing and foreign currency shortages before Mugabe’s fall led to the emergence of an ersatz “bond” currency that eclipsed the U.S. dollar and was recycled into a revived Zimbabwe dollar after a coup d’état in 2019.
However, the new currency lost its value despite frequent attempts to enforce its use. With mixed inflation, it became clear that U.S. dollars were not going to leave the market, and Zimbabwean businesses said they found it difficult to enter multiple currencies in their accounting reports.
Gold is Zimbabwe’s biggest source of exports. The country produced 35.2 metric tons in 2022, and this year the government says it plans to reach 40 metric tons in an attempt to boost revenues from the mining sector and breathe life into the weak economy.
But observers say much of the country’s gold is sold through unofficial channels, and a documentary by the Qatar International News Network exposes how individuals linked to the country’s political elite are moving the mineral to refineries in Dubai.
Risks and reliability
Analyzing the prospects of investing in the African region, one should note its advantages and disadvantages. The continent is considered technically underdeveloped and poor. Its population accounts for 17% of the world’s population, and its share in the total GDP as of 2020 amounted to only 3%.
Bitnalog experts note among the main risks of the introduction of cryptocurrencies the possibility of losing money on wrong investments due to the low financial literacy of African residents.
“In terms of what will be introduced as a currency, having the infrastructure in place to help people understand what the product is all about and how to use it in the long term is crucial,” said Mubaiwa, head of the Victoria Falls Zimbabwe Stock Exchange.
The co-founder of Afroinvest believes that it is precisely because of the disadvantages that investment in Africa has plenty of upside. Just like the IMF and the African Development Bank, he believes that this region will become the center of economic growth in the next decades. Africa is the best place for new startups, they develop here much easier than in Europe, quickly grasping advanced technologies.
Investors need to keep in mind that Africa has a very high birth rate, which is projected to lead to a large labor force. There are 140,000 births per day and only 40,000 deaths.
Investing in developing countries can provide significant benefits, but the risks are high. Africa has the highest rate of return among such countries, at 6.5%, but it should be borne in mind that rates can vary from one part of the continent to another.
Development prospects
The CEO of the China Consulting and Analysis Union notes that China could trade with Africa using cryptocurrencies, as conventional money is not suitable for this purpose at this time. It suggests minerals and other African assets among a possible medium of exchange, but China may not be interested in a direct exchange. Also, after the African franc leaves the region, something has to take over the niche again. The expert believes it could be a digital currency.
Despite its immense popularity, of the total amount of cryptocurrencies in the world, Africa has only 2.3% of the total circulation. In 2023, a CVVC report was published that shows blockchain funding in the region accounts for 1.8% of all countries.
Gold USD is a gold and diamond-backed stablecoin, whose value is constantly increasing from the arrival and sale of new minerals. We make sure that the capitalization of the token grows and investors get reliable profits. Africa is the best place to implement Gold USD, as it is the most promising region in the modern economy and needs to stabilize its monetary resources. Experts claim that after a while the situation will only improve, fueled by high population growth and development of modern technologies. The authorities of some countries on the continent have already included gold-backed cryptocurrencies in the systems of their banks. Also, buying and storing Gold USD is quite simple, just like any digital token.
The Gold USD project is open to a wide range of investors, including but not limited to:
Private Investors: People who are interested in investing their own money in a project for profit.
Institutional investors: Investment funds, hedge funds, pension funds and other organizations that can contribute large sums of money to the project.
Technology investors: Investors interested in the technological aspects of the project, such as blockchain and cryptocurrencies.
Business angels: Individual investors, usually with experience in entrepreneurship, who can provide capital and expertise to develop a project.
Family offices: Private organizations managing their own investment portfolios that may be interested in participating in the project.
Corporations: Large companies that may see value in investing in the project to diversify their investment portfolio or gain access to new technologies.
Crypto-enthusiasts: People convinced of the potential of cryptocurrencies and blockchain technology who may wish to support innovative projects in this field.
Anyone who shares the vision of the Gold USD project and believes in its success can become an investor. The project is open to everyone who is interested in investing in a promising project with reasonable growth prospects.
Gold USD project tokens on the BEP-20 and ERC-20 network are interchangeable.
This means that the price of each token will be the same regardless of whether it is on the BEP-20 or ERC-20 network. Both types of tokens will be listed on cryptocurrency exchanges, providing easy access to trading and exchange between them.
To exchange tokens between the BEP-20 and ERC-20 networks, you can use the swap (exchange) process through specialized platforms and wallets such as MetaMask. Here are the steps you can follow to swap tokens:
Install MetaMask: If you don’t already have it, install the MetaMask extension for your browser or the mobile app on your device.
Connect the wallet to the right networks: Make sure that your MetaMask wallet is connected to the BEP-20 and ERC-20 networks. To do this, add the appropriate networks through MetaMask settings using the network information (e.g. network address, symbol and decimal places).
Choose a swap platform: Choose a platform that supports token swaps between the BEP-20 and ERC-20 networks. Some platforms offer this service directly on their websites.
Confirm the swap: Follow the instructions on the selected platform to finalize the swap. This may include specifying the number of tokens you wish to swap and confirming the transaction via your MetaMask wallet.
Check Balance: After the swap is complete, check the balance in your MetaMask wallet to make sure the tokens have been successfully exchanged.
It should be noted that the swap may include exchange fees and transaction processing time, so be careful when performing this transaction.
Smart contract functionality and security
The Gold USD smart contract is designed to maximize functionality and security to ensure that the token functions reliably and efficiently on the BEP-20 and ERC-20 networks. Here are the key aspects of the functionality and security of our smart contract:
Advanced functionality:
The smart contract provides a wide range of functions including the creation, transfer and management of Gold USD tokens.
It supports buying and selling tokens through decentralized exchanges and other platforms.
Defense against fraud and attacks:
Smart Contract has built-in security mechanisms to prevent possible attacks and fraudulent activities.
Security checks such as stack overflow protection, input validation, and protection against recursive attacks are applied.
Transparency and verification:
The entire source code of the Gold USD smart contract is available to the public for inspection and audit.
The contract will undergo a security audit to confirm its reliability and safety prior to launch.
Support for BEP-20 and ERC-20 standards:
The smart contract is designed to be compliant with BEP-20 and ERC-20 standards, ensuring compatibility with both networks and ease of token interoperability.
Legal Compliance:
The Gold USD Smart Contract will be developed in compliance with the relevant legal rules and regulations to ensure the legality and reliability of the project.
The Gold USD smart contract is the foundation for an innovative and secure token that meets the high standards of functionality and security on the BEP-20 and ERC-20 networks.
Purses
The Gold USD token will be supported by a wide range of wallets, ensuring convenience and accessibility for users. Here are a few popular wallets that will support the Gold USD token:
MetaMask: One of the most popular browser wallets that allows you to manage cryptocurrency and ERC-20 tokens.
Trust Wallet: A mobile wallet that supports a wide range of cryptocurrencies and ERC-20 tokens.
MyEtherWallet (MEW): A web wallet for storing and managing ether and ERC20 tokens, offering a simple and secure interface.
Binance Chain Wallet: Binance’s official wallet for storing BEP-20 tokens, including Gold USD tokens on the Binance Smart Chain network.
Coinbase Wallet: Another popular mobile wallet that supports multiple cryptocurrencies including ERC-20 tokens.
Ledger Nano S/X: Hardware wallets that provide a high level of security for storing cryptocurrency, including ERC-20 tokens.
Support for multiple wallets provides users with flexibility and choice when choosing how to store and manage their Gold USD tokens. Each of the listed wallets has its own unique features and advantages, which allows users to choose the best solution according to their needs and preferences. This makes the use of Gold USD token even more convenient and accessible for all users.
Addressing risks
Portfolio Diversification: Investors can reduce risks associated with market volatility and competition by diversifying their investment portfolio by including Gold USD tokens as part of their portfolio.
Constant technology updates: The Gold USD Project provides constant technology updates and security measures to minimize technical risks and ensure a high level of safety and security for all participants.
Marketing strategies and attracting new users: To mitigate the risks associated with insufficient liquidity and competitive environment, the Gold USD project is developing marketing strategies and attracting new users to expand its community and increase interest in the project.
Community Goals:
Knowledge and Experience Sharing: We aim to create a platform for sharing knowledge, experience and ideas among community members to jointly develop our knowledge and skills.
Building Partnerships: We support the creation of partnerships among community members to jointly implement project initiatives and maximize project potential.
Providing feedback: We strive to ensure open and transparent communication between the project team and community members to ensure full understanding of current project developments and plans.
Roadmap
Q2 2024
Development of a blockchain direction, including the creation of an official project website, White Paper development and other related tasks.
Q3 2024
Conducting ICOs, listings on stock exchanges:
- Private Sale
- Pre-sale
- ICO
- Listing
June 2024 Spot gold purchases Guinea, Tanzania.
Procurement of equipment for gold mining and processing.
August 2024 Commencement of gold production at the Guinea deposit, Tanzania. Supply of raw materials to the UAE refinery. Operating activities.
2024-2039 operations, project management, increasing company assets, maintaining liquidity Gold USD Coins.
Start of gold mining at a deposit in the Republic of Guinea.
2024-2039 Launch marketing campaigns to attract customers of Gold USD products.
Active brand promotion.
Note: The roadmap implies a sequence of steps, but they may overlap or change depending on circumstances and market dynamics.
All further developments, updates and news about Gold USD project will be published on our official website and social networks. Follow our updates to stay up to date with all the latest developments and achievements of the project.
In addition, we are committed to maintaining flexibility in the development and execution of our roadmap.
The team reserves the right to make adjustments to the roadmap, but only for the purpose of improving the project and in connection with the emergence of new prospects and opportunities. Our decisions will be made with the interests of our users and investors in mind, and we guarantee that any changes will be aimed at achieving our common goals and the success of the Gold USD project.
Legal information
Before performing any actions with GUSD tokens, technical means of the Gold USD ecosystem, as well as actions within the GUSD digital ecosystem, we recommend that you contact legal/financial/tax/technical or other professional organizations and/or specialists.
This document is intended for informational purposes, but does not constitute advice or recommendation. When using services related to GUSD tokens and technical means of the Gold USD digital ecosystem, the user and/or his/her representative are responsible for compliance with the laws of the country in which the user resides and/or carries out tax/economic activities.
This document does not constitute a warranty of indemnity or other representation as to circumstances or a promise to comply with applicable law. This document and related documentation may contain legal disclaimers, disclaimers, statements of fact, arbitration clauses and limitations of liability that may affect your legal rights. Before entering into any legal relationship with Gold USD, we recommend that you seek advice from professional organizations and/or specialists.
The GUSD Token is not an investment, currency, commodity, currency swap, security or other fiat financial instrument. Please note that there are certain restrictions on your use of the service, participation in the distribution and ownership of tokens if you or your representative is directly or indirectly controlled or controlled by a person who is recognized as a Restricted Person and/or subject to any sanctions. “Restricted Person” for purposes hereof means an individual and/or entity having citizenship, place of birth, place of residence, being located in the United States and Canada and countries subject to United Nations Security Council sanctions restrictions. Disclaimer
THIS DOCUMENT DOES NOT GIVE PERSONAL, LEGAL OR FINANCIAL ADVICE.
YOU ARE STRONGLY ENCOURAGEDTO SEEK OUT YOUR OWN IN-HOUSELEGAL AND FINANCIAL COUNSELING PROFESSIONAL.
This white paper (“white paper”) is intended for discussion and informational purposes only. The information contained herein is subject to change, no part of this white paper is legally binding or enforceable, and it shall not be changed until it has been discussed, reviewed and revised by the Company’s board of directors, board of advisors and legal counsel.
Required Knowledge
The purchaser of Gold USD tokens undertakes that he/she understands and has significant experience with cryptocurrencies, blockchain systems and services, and that he/she fully understands the risks associated with the crowdsale and the mechanism associated with the use of cryptocurrencies (incl. storage). is not responsible for any loss of Gold USD tokens or situations that make it impossible to access Gold USD tokens, which may arise as a result of any action or inaction of the user or any person who undertook to purchase the tokens, as well as in case of hacker attacks.
Disclaimer
This white paper should not and cannot be construed as an invitation to invest. It does not in any way constitute or relate to, and should not be construed as, an offer of securities in any jurisdiction. This white paper does not contain any information or guidance that could be considered as a recommendation or that could be used as a basis for any investment decision.
Regulators are scrutinizing businesses and transactions related to cryptocurrencies globally. In this regard, regulatory measures, investigations or actions may affect the business and may even limit or prevent it from developing its operations in the future. Any person undertaking the purchase of Gold USD tokens should be aware of the Gold USD business model, technical document or terms and conditions that may change or need to be changed due to new regulatory and compliance requirements arising from any applicable laws in any jurisdictions.
Representations and warranties
By participating in the Crowdsale, Buyer agrees to the foregoing and, in particular, Buyer represents and warrants that it:
- lives in a jurisdiction that allows Gold USD tokens to be sold via crowdsale without the need for any local authorization;
- will not use Crowdsale for any illegal activity, including but not limited to money laundering and terrorist financing;
- has sufficient knowledge of the nature of crypto tokens and has significant experience and functional understanding of the uses and intricacies of crypto tokens and currencies and blockchain-based systems and services.
This white paper is published to demonstrate the needs of the market.
The Steering Group, with its partners, does not suggest that the material presented in this draft article contains all the information necessary for a complete solution, nor does it claim that all details are listed as part of a complete solution.
This document has been prepared in good faith, to harmonize in addressing global technology, technical and industry issues, and to open the idea for further collaboration and discussion with existing or new partners.
Gold USD cryptocurrency is a useful cryptocurrency. This product is not a digital currency, security, commodity or any other financial instrument and has not been registered under the Securities Act, the securities laws of any state of the United States or the securities laws of any other country, including the securities laws of any jurisdiction in which the potential token holder is a resident.
Gold USD Cryptocurrency may not be used for any purposes other than those specified in the white paper, including, but not limited to, any investment, speculative or other financial purposes. Gold USD Cryptocurrency is not intended for sale or use in any jurisdiction where the sale or use of digital tokens may be prohibited.
Gold USD Cryptocurrency does not grant any other rights in any form, including but not limited to ownership, distribution (including but not limited to profit), redemption, liquidation of property (including all forms of intellectual property), or other financial or legal rights other than those specifically described in the white paper.
Certain statements, estimates and financial information contained in this technical paper constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and
uncertainties that could cause actual events or results to differ materially from the estimates or results implied or expressed in such forward-looking statements. the technical document may be amended to provide more detailed information for the purpose of correction and further clarification.