Gold Pesa is not just another stable coin. It is the world’s first gold-backed cryptocurrency with an upside. Moreover, recently, the Gold Pesa platform showed up at the Crypto Expo Dubai Event 2022, held in Dubai.
What is Gold Pesa?
Gold Pesa (GPX)is a one-of-a-kind asset-backed hybrid token that was developed as a result of the emergence of blockchain technology and cryptocurrencies. Moreover, the platform combines the benefits of physical ownership with the mobility and speed of a digital asset.
Founded by Shamik Raja, Gold Pesa aims to connect with possible strategic investors and partners to help open the platform to the world. GoldPesa is a tokenized bitcoin-backed and gold-backed structured product created using artificial intelligence and blockchain technology.
Why buy Gold Pesa?
You should buy Gold Pesa because it is asset-backed. Apart from that, Gold Pesa functions on an algorithm that turns bitcoin and gold into income-generating assets, presenting a win-win situation for the users. Moreover, digital assets are easily transferable.
What happens to your gold if the crypto market crashes?
GPX tokens are backed by 1g of Paxos Gold, also called PAXG, which is further backed by 1g of physical gold stored in a Brinks vault. Moreover, Paxos is a custodian company regulated by the New York State Department of Financial Services.
wBTC and PAXG are secured in a trustless and decentralized manner on the blockchain. No central body, government, authority, or even Gold Pesa has access to the token holders’ primary digital assets, keeping your investments safe.
Furthermore, in case of a market collapse, everybody will run to the exchanges for fiat. Later, upon realizing that the liquidity rate isn’t enough, they will run for stable coins. This is when Gold Pesa will clean up as they are the only trusted platform on the blockchain, which is not a stable coin.