Ask anyone to join the cryptocurrency community now and the first thing on their mind is volatility. Over the years, cryptocurrencies have proven to be volatile. While this might make holders rich in months, it can also send them into huge debts. I mean 1 BTC was worth around $20,000 but now less than $4,000. Losing $16,000 over 1 unit of Bitcoin is not something once could get over easily. Just before the fall began, Bitcoin rose from $900 to $20,000 in 2017 alone. It was the partying year for holders of the cryptocurrency, but not anymore.
The reason for the extreme volatility of cryptocurrency is because there are no assets to backup the currency. As long as this problem persists, it would be difficult to stabilize and manage extreme fluctuations as experienced between 2017 and 2019.
Why Secured Gold Currency?
While cryptocurrencies can and have failed over the years, currencies with an intrinsic value like gold have proven to be the most stable and serve humanity for the longest period. It is only logical then to combine the durability and stability of Gold with the technological superiority of cryptocurrency. This is what Secured Gold Currency brings to solve the problem of cryptocurrency volatility and fluctuations
Secured Gold Currency is the next step in the evolution of money as this cryptocurrency is backed by gold with a limit of 500 Million Coins. SGC runs on a blockchain capable of serving the global market where each coin is backed up by and linked to a recorded sum of gold.
Founders are committed to working on projects to increase the utility of the coin by focusing on usability and education. SGC is social, global and easy to access. Because of its availability for trade worldwide, Secured Gold Currency is termed the evolution of the gold standard.
Here’s What Secured Cold Currency Says on Security
SGC is a non-BTC reliant currency, based on gold prices and with a limited maximum release of 500M coins. This limited maximum release protects SGC holders by avoiding volatility. Robust fiscal measures ensure SGC is inflation-resistant, creating a bubble-proof protection for your finances while maximising the potential for sustainable growth in value. Resources are secure and assured, while being available via ease of use and liquidation, and attract minimised transfer and exchange rates. Every coin is backed by gold equivalent to 50% of the price of the coin at the time of release. This excludes any promotional offers from 3rd parties where it will be calculated accordingly to the promotion. The weight of gold backing each coin will be recorded on the blockchain.
Undoubtedly, the birth of cryptocurrencies has opened our eyes to see how effective this technology can be. However, there remains a challenge of volatility, and SGC seems to have the right solution to put our fears away.