Different ways to use GOLD tokens, part 3

in #erc205 years ago

Temporarily exiting BTC and altcoins

Crypto's hyper volatility forces investors and speculators to be alert at all times. We constantly follow the market, and react immediately when prices rise or fall. But what should you do if you want to go on a vacation — a real vacation, without checking price quotes all the time? And what if, for whatever reason, you want to stop trading for a few months?

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You don't have many options here. Your first choice is to leave your existing positions open — be it in BTC, ETH, or several altcoins (or even dozens of them). However, this is akin to Russian roulette: your portfolio can skyrocket, but it can also nosedive. As an investor, you’re most likely looking for stability, thus why this option is not too popular.

An alternative is to exchange your crypto for fiat and leave it in your exchange account. This is risky considering how often cryptocurrency exchanges are attacked. You can also choose to withdraw your fiat and then deposit it again once you return to trading — but you'll lose 3-5% of the amount on exchange fees.

Lately, more and more people have started using stablecoins to solve the problem. You exchange highly-volatile crypto for fiat-backed stablecoins, which you then withdraw to your wallet. This solution eliminates crypto exchange storage risks; plus, you won't have to pay fees for withdrawing and depositing fiat.

The stablecoin GOLD offers an even more comprehensive solution. This token not only provides all the advantages of stablecoins, but also earns you an additional profit, since it constantly grows in value relative to all fiat-pegged stablecoins. This happens since the GOLD token is pegged to gold, and the price of gold relative to fiat currencies continuously increases.

Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
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