Experience borderless crypto to international fiat conversion with Stellar Gold - My own review
I have been following Stellar for a while, and so far they’re on the right track. As of now, they’re still one of the top coins in CoinMarketCap behind Bitcoin, Ethereum, Ripple, etc. There are a handful of startups who are using the Stellar blockchain, and they’re doing well too.
One of the Stellar-based projects that I’m looking forward to right now is no other than Stellar Gold. For sure, there are a lot of coins and tokens who are standing out in the market. However, I honestly believe that Stellar Gold won’t be taken for granted and cannot be underestimated.
Without further ado, I would like to share my own honest review about Stellar Gold.
Since the second half of 2017, I have participated in a lot of ICOs and crypto startup projects. As many of you believed that these projects are the next big thing, it’s not that easy. You know why? It’s because more than 90% of the ICOs and crypto startups have failed, and they haven’t lived up to their respective roadmaps.
However, Stellar Gold is already established as one of the promising crypto startups of this generation. Here are the reasons why Stellar Gold is just a handful of crypto projects that I am truly excited about:
1- Faster transactions like never before
We all know how essential it is for us to experience fast peer-to-peer transactions, right? By using Stellar Gold under the Stellar Lumens blockchain, it is rest assured that the transactions we initiate are way faster than the other ones existing in the market. The transaction speed of Stellar Gold is around 2 to 5 seconds in average, and it’s something that I’m looking forward to.
2 - Transaction fees are way cheaper than the others
To be honest, I have tried sending peer-to-peer transactions to my colleagues using Bitcoin, Ethereum and others. However, they’re not stable due to unpredictable network congestion. Like Ethereum for example, it may cost only cents per transaction, but it could increase up to more than a couple of dollars once the blockchain is congested. That won’t be the case for Stellar Gold, as its blockchain is so stable that only cost us 0.00001 XLM per transaction.
3 - High scalability at its finest
As much as I liked Ethereum, scalability is one of their problems that they couldn’t handle much. Under the programming of the Stellar Core, it’s where the circulated system of Stellar has servers being comprised.
With Stellar Gold, there will be no problems when it comes to scalability. You know why? It is because Stellar Gold’s 1,000 activity handling rate per second speaks for itself. As there are different cases on the system of Stellar Core, these servers are being kept by substances and people and its system record are being duplicated nearby.
It is something that I have never seen before, and it was so astounding.
4 - Borderless worldwide transactions
In the traditional system, it is likely impossible for us to initiate a lot of transactions to and from another country. You know why? It is because banks and other systems are running through centralized technology, in which they’re gonna hold you back from completing transactions. Because of that, you need to complete additional information or provide documents before completing it.
However, it is not what Stellar Gold does. It gives us the opportunity to experience borderless payments like never before. It simply cuts out the middleman, in which nobody could stop you from completing the transaction. For me, I think this is a cool feature that Stellar Gold has in store for us.
5 - Increased security
Last, but not the least, is one of the essential features of Stellar Gold. We all know that security is what we need for every transaction we initiate. There are similar platforms out there in the market who might be just like as Stellar Gold, but their security features are uncertain that could lead them to become vulnerable to hacks.
There is no doubt that with Stellar Gold’s enhanced security feature, there’s nothing for you to worry about transacting with each other, no matter if its an individual or a company.
Explaining the roadmap
When it comes to choosing a project that I would like to participate, I should take a look at their roadmap first. It is very hard to be honest in determining that their roadmap is for real. Good thing that Stellar Gold is just a handful of projects that exists in the cryptoverse with a realistic, straight-to-the-point roadmap.
As what I have seen in Stellar Gold’s roadmap, they are now starting out the development of their crypto ICO platform and it was expected to have more than 100 merchants who are going to adopt it when the prototype finally launches.
To summarize the roadmap of Stellar Gold, I would honestly say that it has a brighter future ahead. With their upcoming partnerships and plans for all Stellar Gold token holders, I have no second thoughts that their project would become successful in the next few years.
Meet the Stellar Gold team
To be honest, they’re just a handful of crypto projects who have an active CEO joining the discussions on their official Telegram group. This is something that most of the projects don’t have, in which they just let their staff do the communication without giving himself or herself time to connect with the community.
Hamza Khan, CEO and founder of Stellar Gold, is just one of the CEOs who truly cares about his community. Because he was so active in helping the community by answering their questions, it makes him an extraordinary kind of leader. He has a goal in making Stellar Gold successful, not just for him and the development team, but for the community as well.
His core development team are also doing a great job in doing everything they can to succeed with this project. With their combined years of experience along with their strong vision and mission, there is no doubt that Stellar Gold is on the right track towards success.
About the Stellar Gold token sale
The Stellar Gold token has started last March 28, 2019, and it would last in a couple of months. However, in their roadmap, they will be having second and third round of token sale on October 2019 and June 2020, respectively. For every 1 XLMG, it costs around 29.75 XLM in the token sale.
The total token supply of Stellar Gold is 10,000,000 XLMG and it can be bought through stellarport.io, one of the highly reputable Stellar Lumens-based exchanges. Since they can be bought through exchanges, there is no doubt that they can be available for trading later on in that exchange. On top of that, it is also available on 5 other exchanges such as Lobstr, Interstellar, ICO Agency, Bitco Info and ECEX Exchange.
Additionally, you can also reach out to CEO Hamza Khan to buy tokens from him directly. The advantage is that when you buy directly from him, you get an additional 10% bonus based on the amount you’ve purchased. The minimum purchase would be $150 worth of XLMG tokens. As what you have seen in the picture above, it’s how Stellar Gold tokens are allocated.
I know that there are so many promising projects out there in the cryptoverse. However, you may not want to miss the token sale of Stellar Gold. For me, I think it is too much to ignore this one, as their project concept, mission and vision is clear and concise.
Final thoughts about Stellar Gold
It’s not easy to send money and convert it to international fiat abroad when using the centralised system of banks and other online payment methods. For years, lots of people like me are having problems in doing transactions to another person abroad, because the banks and the middlemen are the ones holding us back from completing it.
Stellar Gold is here to end all of that, and with their upcoming app to be released within this month, the real game begins. Massive adoption and awareness is all we need to make Stellar Gold even more valuable and useful.
I truly believe that with Stellar Gold’s features and benefits, we would finally experience borderless payments without restrictions at all, as it is running under the Stellar Lumens decentralised blockchain. There is no doubt that Stellar Gold would be a huge success in many more years to come. Good job to the CEO and the entire development team.
Thank you very much for taking your time in reading my blog review about Stellar Gold. If you think that my review is so helpful before participating in their token sale, don’t hesitate or think twice in sharing this to your crypto friends out there.
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To your future success, Stellar Gold!
Visit their website: https://stellargold.net/
Read their whitepaper: https://stellargold.net/whitepaper.pdf
My Bounty0x username: cheezcarls
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