GIGZI REVIEW
INTRODUCTION
Despite the huge investments made by blockchain technology, the wider adoption of the financial platform is hindered by account vulnerability and market volatility.
Gigzi is a groundbreaking financial system that resolves these issues. By utilizing premium iris recognition technology and exploiting the relative constancy of valuable metals, Gigzi provides investors with wealth protection, security, and stability. The Gigzi ecosystem is made up of decentralized crypto-assets – Gigzi Metal and Gigzi Black (GZB), which comprises of Gigzi Silver (GZS), Gold (GZS), and Platinum (GZP) – that are reinforced by three main applications; a treasury, an exchange and a wallet powered by Iris recognition technology.
Gigzi Black (GZB) is buoyed by the market support. It is a special feature in its Gold Rewards program and users holding Gigzi Black are rewarded with Gigzi Gold crypto-assets. With this, users share in the profits of the ecosystem. Gigzi Metal is secure and stable; this is done by anchoring the price to valuable metal. For instance, 1 Gigzi Metal is approximate to 1 gram of its respective valuable metal.
Gigzi Wallet
The Gigzi Wallet application is compatible with major cryptocurrencies and aids users to easily manage funds secured on the blockchain. Gigzi Exchange facilitates exchanges and transactions between crypto-assets and fiat money or another supported cryptocurrency.
Using smart contracts and decentralized ledger technology (Ethereum), Gigzi has deployed and developed a self-automated financial system that transforms the way wealth is protected and managed. Gigzi plans to create a financial system that allows users to independently manage and protect their wealth, with the convenience of modern banking. Gigzi seeks to achieve this task by; creating compatible applications that enable users to spend, trade and save, creating a decentralized universal currency (Gigzi crypto-assets) powered by Smart Contract, receiving and spending payments via Gigzi, fiat monies, and other supported cryptocurrencies and the implementation of trading without the involvement of third parties.
Challenge to be addressed by Gigzi
Next, we will discuss the three challenges affecting cryptocurrency systems that Gigzi seeks to address. First, hyper-volatility of cryptocurrency; this issue is resolved on the Gigzi platform by anchoring the price of a cryptocurrency to valuable metals thereby providing the much-needed stability. This creates an inroad for its use in the trade of products and services. Second, account vulnerability; in order to tackle this issue head-on, the Gigzi Wallet application is well-protected by its recognition technology. Gigzi partnered with IriTech to develop premium biometric security that can effectively handle blockchain applications. Third, the instability and uncertainty of resources invested in cryptocurrency; the tokenization of valuable metals ensure that users have a stable asset to invest their resources on the blockchain.
In summary, Gigzi vision is to create an ecosystem where the participants can trade cryptocurrency with convenience and security, whilst safeguarding their resources in the relative constancy of valuable metals. Gigzi plans to integrate its users into the financial platform by using all three applications to manage investments, hold wealth, and purchase goods and services. In addition, users are introduced to the platform via the three main applications; the Exchange, Wallet, and Treasury. These three applications play an important role in the sustenance of the ecosystem.
Useful information on Gigzi can be sourced from the links below :
https://www.linkedin.com/company/gigzi
Author bitcoin talk name : Annastesia
Btt profile : https://bitcointalk.org/index.php?action=profile;u=1534866