GIGZI: SOLUTIONS TO THE PROBLEMS OF CRYPTOCURRENCY
Cryptocurrency are basically the same as e-money – like webmoney or Paypal. That means that they also have the same problems as classic e-payment systems. However, the operating principles specific to cryptocurrencies sometimes make the problems more likely to occur, and thus more disturbing. In addition, the same principles are responsible for a certain number of risks unique to cryptocurrencies. Old theft is one basic and major problem faced in the digital world today. Let’s say you’re transferring money to a friend. You copy his wallet address accurately, but malware replaces the address in the clipboard with another one. Not every user is vigilant and double checks address after copying it. Especially if the address is a long, jumble of characters. On top of that, even using a genuine payment gateway with the correct address can result in a loss of money. In all fairness, classic financial services can also fall prey to all kinds of attack. By far the biggest issue in the cryptocurrency market is the excessive volatility. The prices of cryptocurrencies on exchange platforms rise and fall dramatically over a short period of time. When a tradable asset can drop by as much as 49% in less than 24 hours, then the volatility of the market is high. There are a number of reasons that contribute to the excessive volatility in the market but perhaps the biggest contributor is the activities of “whales”. The biggest reason why this sort of asset price manipulation is possible is due to the lack of position price limits/fees on many cryptocurrency trading platforms. If adequate limits or fees are out in place, it will discourage the movement of large buy and sell market positions. Price charting is an essential part of asset/commodity trading. It is often necessary to develop price charts in order to carry out investment analysis and develop trading strategies. The problem here is the price of a cryptocurrency can vary considerably on the different exchange platforms. With such extreme price differences for the same cryptocurrency, price charting becomes a difficult endeavor. Add to this, the sheer degree of volatility in the market and the problem becomes even more exacerbated. Also, another problem is transaction delays. The cryptocurrency market is plagued with a litany of delays across almost every type of transaction. Form opening a trading account to verifying your identity and being able to make deposits and withdrawals, the system seems to be quite slow. Blockchain technology ought to make transactions occur faster but it seems to take forever for transactions to be approved on the various chains. Issues having to do with scalability have been identified by experts as being the cause if transaction delays. As the block chains become longer, more transactions are being held up in the queue awaiting approval. The market is volatile and as such, delays can be costly. Traders end up missing out on favorable positions because the transaction didn’t get posted on time. These are just some of the nagging issues in the cryptocurrency market that threaten to affect the quality of the trading experience which Gigzi has provided solutions for. Gigzi made it a vital key that efforts are made to combat these issues.
Gigzi is a revolutionary financial system that facilitates the wider use of cryptocurrency, fully registered in Belize as an international business under company number 167956, a limited liability company. Gigzi does not only deliver stability, it also delivers security and wealth protection. Gigzi is comprised of crypto-assets that operates on a decentralized peer-to-peer network and are supported by three core applications: a wallet, an exchange and a treasury. Together these applications enable independent wealth management. With the use of distributed ledger technology (Ethereum) and smart contracts, Gigzi has developed and deployed a self-regulated financial system that revolutionizes the way wealth is managed and protected. But nevertheless, Gigzi seeks to bring solutions to three basic problems which are the problem of hyper-volatility of cryptocurrency, the account of vulnerability and the uncertainty and instability of wealth invested in cryptocurrency. Ethereum is the underlying distributed computing network of Gigzi. The four crypto assets: Gigzi black (GZB), Gigzi platinum (GZP), Gigzi Gold (GZG) and Gigzi Silver (GZS) are Ethereum ERC20 standard tokens.
UNIQUE VISIONS OF GIGZI
To create a financial system that revolutionizes the way wealth is managed and protected. To create a financial system that empowers users to independently protect and manage their wealth with the ease and convenience of modern banking.
GIGZI ECOSYSTEM
PARTNERS OF GIGZI
UNIQUE BENEFITS OF GIGZI
· Highly secured. Biometric security
· Use of smart contract
· Void of theft, scam and hackers
· Stable
· Wealth protection
· Transparent
· Gold rewards
· Localized exchange
ROAD MAP OF GIGZI
2016
Q3: THE IDEA AND THE TEAM
From the realization of what distributed ledger technology can do and a great passion for decentralization, Gogzi was born and the team was assembled
2017
Q1: RESEARCH AND FEASIBILITY
Analyzing market conditions and assessing the feasibility of launching a commercially viable solution using distributed ledger technology
Q2: SYSTEM ARCHITECTURE DESIGN
The initial system architecture was drafted and validated
Q3: SMART CONTRACT DEVELOPING, APPLICATION DESIGN AND LEGAL STRUCTURING
The smart contract is developed incorporating the rules and regulations of the system including fees, values and other important function. The outline design of the application is completed.
Q3: GIGZI S..A. COMPANY REGISTRATION
Gigzi registered in Bellize as an international business
2018
Q2: SMART CONTRACT AUDIT BY ETHEREUM DEVELOPMENT COMMUNITY
Security audit completed following which the findings and key points of feedback were incorporated into the solution
Q3: SMART CONTRACT DEPLOYMENT AND CROWD SALE
Gigzi website goes live, followed by deployment of the Smart Contract and the crowd sale
2019
Q1: BETA TESTING AND LAUNCH OF TREASURY AND WALLET APPLICATIONS INCLUDING BIOMETRIC SECURITY
Launch of the Treasury application enabling the purchase and redeeming of Gogzi Meta Lauch of the wallet application including the generation of Gigzi Iris biometric security options.
Q2: BETA TESTING AND LAUNCH OF EXCHANGE APPLICATION, MERCHANT TOOLS AND GIGZI GOLD CARD
Launch of the exchange application enabling crypto to crypto exchanges and fiat money exchanges through a global network of local partners. Point of sale software and multi-currency payment processing solutions for merchants on existing point of sale infrastructure.
2020
Q1: 2ND GENERATION BIOMETRIC SECURITY
Release of 2nd generation Gigzi iris biometric security device. Compact size, premium casing, superior fearures and built with an application-specific integrated circuit (ASIC)
TEAM MEMBERS OF GIGZI
El Asmar: Founder and CEO
FAHAD Shiltagh: Operations director
Roman Van: product manager
Nick Belskyh: project manager
Lera Konstantinova: Brand leader
Vlad Gavriluk: Creative director
Artyom Polykoff: technology director
Sergiy Zhemeytsev: Blockchain Engineer
Vadim Kovalenko: Frontend developer
Slava Gornostal: Software architect
Adrian Dragulescu: Web administrator
Xeljko Nemet: Business analyst
Are you tired of fraud, scams, and online theft in the crypto world today? Do you want to earn gold as rewards> are you looking for any trusted system or platform where you can trade and exchange with so much ease, fast and stable platform. Then Gigzi is the right choice for you today. I simply implore everyone to please participate in this awesome project. Please for more information about this awesome platform, inquiry, please kindly visit us in any of the links below
WHITEPAPER: https://gigzi.com/whitepaper
ANN THREAD: https://bitcointalk.org/index.php?topic=5047392.0
WEBSITE: https://www.gigzi.com/
FACEBOOK: https://www.facebook.com/gigziofficial
TWITTER: https://twitter.com/gigziofficial
LINKELDN: https://www.linkedin.com/company/gigzi
TELEGRAM: https://t.me/gigzi
Written by: Ogtejiri
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1790132
Wallet address: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6