Press Release

Gold Standard DAO | Creating a Sustainable Platform with Dynamic Taxation and Gold Standard

Published

2 years ago

January 25, 2022

Gold Standard DAO is cruising high after partnering with LODE and completing its first presale. A sustainable tokenomics and tax structure followed by the highly successful presale to create a solid foundation for the platform to build further, Gold Standard DAO or GSDAO aims to leverage the stability of gold and help people secure their money, making it immune to market fluctuations and disturbances. The users will buy the $GSD token, but the tokens will be backed by real physical gold kept safely in special vaults. The project is launching soon, public sale followed by mainnet launch will take place within Q1 2022.

A Solution for Trading in Gold

Gold trading and investing against the metal has its issues, which the Gold Standard aims to solve. It decentralizes the entire system and turns it into a self-governing environment leaving out the policymakers from deciding the fate of the value of gold at any point.

No Centralized Authority

With the Gold Standard DAO, gold does hold its dynamism in terms of price, but it happens without the intervention of any single centralized authority. With GSDAO and blockchain integrated into this system, users enjoy more control over their investment and enjoy a better outcome.

As more users add tokenized gold in the treasury, the total value locked (TVL) increases, and the Annual Percentage Yield (APY) drops. When people sell from the treasury, it creates a dynamic impact leading to an increase in the APY, attracting more investment. This stabilizes the system and prevents it from going up and down too much.

Working Of GSDAO

Each $GSD token is backed by 1 milli-ounce of tokenized gold in the treasury. The platform’s protocol is created in a way that the $GSD’s fair traded value is more than the intrinsic value of gold kept safely in the vaults.

Minting New $GSD Tokens

New $GSD tokens will be minted only when there is enough bullion to support the new tokens. This will make sure that there is no unwarranted minting of the tokens that can easily reduce the price by way of supply and demand disequilibrium. The Gold Standard DAO will launch within Q1 2022 on Avalanche initially then migrate to the Syscoin network when the Syscoin layer 2 is ready in a few months.

Bonds and Staking on GSDAO

Staking is a primary activity users can undertake to earn more $GSD. The $GSD tokens can be staked to earn rebase rewards, which in turn, comes from the bond sales. The users will stake $GSD in the predetermined protocol, and they will be rewarded according to the rates set by the monetary policy.

Introducing Dynamic Buying and Selling Tax

The selling tax is implemented to ensure the balance in the ecosystem, preventing losses for the investors even after some users decide to pull back their investments after profits. As it’s a decentralized system, Gold Standard DAO cannot stop the participants from withdrawing their contributions.

So, a better way around is to introduce a tax that will feed the withdrawn portion back into the system. The purpose is to ensure that users have the freedom to decide what they wish to do with their investment while maintaining the treasury health.

How will the Buy and Sell Tax Be Implemented?

Both types of taxes are there to protect the treasury health. The sell tax will increase when the price falls while decreasing the buy tax. Both types of taxes are dynamic and will adjust according to the position and health of the platform.

When the buy tax is less, it will incentivize buying, bringing more investors as some have decided to leave.

Key features:

Gold Standard DAO has worked to build and run sustainable plus longevity-oriented protocol. GSDAO further aims to innovate and evolve its protocol and its functioning by expanding the treasury asset options.

Interest Bearing Tokens:

In addition to digital Gold (AUX), the protocol will allow the acceptance of Interest Bearing Tokens into the treasury. Interest bearing assets are fully collateralized representations of their own respective cryptocurrencies while at the same time providing users with a base interest rate just by holding them.

NFT Auction:

The plan is to organize weekly / fortnightly NFT auctions with NFTs created by a few renowned artists to strengthen the treasury. These NFTs should be unique and very limited. Participants can only bid on the NFTs by using $GSD tokens. A big percentage of the $GSDs raised from the NFTs will go straight to the treasury. The idea is to incentivise purchasing of $GSDs and increase buying pressure while benefiting the treasury.

More innovative features will be added to the protocol to introduce additional use cases to benefit the treasury and protect the project against inflation.

Partnerships

To provide the required momentum to the entire system, GSDAO has partnered up with LODE and Syscoin Foundation.

LODE

LODE is an audited/registered Swiss corporate legal entity and is the primary supplier of AUX digital gold to the GSDAO treasury. Each AUX coin is backed by one milligram of 99.99% investment grade, vaulted and insured gold bullion. LODE then mints each AUX Coin and sells those coins into the global marketplace for sending, spending, trading, and storing value.

Syscoin Foundation

The Syscoin network is a decentralized and open source project founded in 2014 by the founders of Blockchain Foundry. Syscoin’s value is in its security, speed and close ties to the Bitcoin codebase with scalability in mind and flexibility of the Ethereum chain.

Conclusion

Working on the principles of DAO, the Gold Standard DAO takes an innovative turn and will become the first platform of its kind on Syscoin. The users buying the $GSD token will get an assurance for their investment via real physical gold pegged to the tokens and reserved in vaults across the globe. The users will benefit from a new smart chain along with enjoying a stable currency platform getting assured returns on their investments.The Gold Standard DAO is set to launch within Q1 2022, exact dates will be announced on its website and social media platforms.

Media Contact

Arthur Rothschild – Gold Standard DAO

Website: www.gsdao.org

Email: admin@gsdao.org

PR – Cryptoshib.comEmail – info@cryptoshib.com

Press Release

Blockchain Life 2024 Thunderstruck in Dubai

Published

2 days ago

April 24, 2024

Crypto Chain Wire

The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai.

Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on the site was indescribable – a very special unity saturated the air.

Throughout the event, the crypto community engaged in insightful discussions, made valuable connections, and struck important deals. Forum stages featured over 160 renowned speakers and industry leaders, including heads and management of Binance, Chainlink, Tron, Bybit, OKX, DFINITY, Ledger, Animoca Brands, Ton, Cardano, Singularity Net, LayerZero, Tether, Ripple, Trust Wallet and more.

The exhibition of crypto companies featured 133 booths, which makes it the largest web3 expo in 2024. Such giants as OKX, HTX, Bybit, Bitget, BingX, Listing.Help, and Uminers presented their services, products and teams. This offered attendees a firsthand look at the latest technologies and innovations shaping the ecosystem.

“This year, we reached a milestone with 10,162 attendees. They know that the current market growth is just the beginning of a real explosion. The next wave is coming, which is why top projects, insiders, and funds gathered at Blockchain Life to finalize their preparations. Now, we are gearing up for a historic bull run that will be remembered for years.” commented the organizer of Blockchain Life, Sergei Khitrov.

As a grand conclusion to the forum, participants were treated to the celebrated Legendary AfterParty at one of the world’s premier clubs. Hours of informal networking with the cream of the industry took place in an all-inclusive format. The highlight of the event was an incredible live concert by the internationally acclaimed hitmaker, Alan Walker. With his chart-topping songs, Alan Walker captivated over 1,400 participants, showcasing the event’s impressive global reach.

Looking ahead, the 13th edition of Blockchain Life is scheduled to be held on October 22-23, 2024, providing participants with an opportunity to highlight their accomplishments and set the groundwork for future success.

Presale tickets and sponsorship applications for the upcoming Blockchain Life event are currently available – please visit https://blockchain-life.com for more information.

The organizers of Blockchain Life 2024 – Listing.Help and Jets.Capital.

General Sponsor of Blockchain Life 2024 and the Official AfterParty – Uminers.

Press Release

Beyond Centralization: Exploring a New Era at the World Blockchain Summit

Published

3 days ago

April 23, 2024

Crypto Chain Wire

The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.

Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.

Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.

In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world

Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.

The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.

A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.

“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”

With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI, Vision Chain

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin, Build-AI

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs, Pentagon Games

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar, Technoloader, Verichains, Vault, Ecotrader.io, Ideofuzion, NuChain, LCX

Official Accommodation Partner- HotelPlanner

Ecosystem Partner – Entrepreneur Media

Business Broadcast Partner – CNBC Arabia

Official Newspaper Partner- The Fintech Times

Official Digital PR Distribution Partner – ZEX PR Wire

ABM Partner- Demandify

Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association

Prime Media Partner- Demandteq

Community Partner – Hyperledger Foundation, THE DIGITAL CHAMBER

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

For media Inquiries or partnerships please get in touch with:

Shadi Dawi

PR & Partnerships Director

shadi@tresconglobal.com

+971 55 498 4989

Press Release

Elevating Possibilities: The Countdown for WBS Dubai Begins!

Published

1 week ago

April 17, 2024

Crypto Chain Wire

Mark your calendars for an unparalleled gathering of blockchain and web3 pioneers as the 29th World Blockchain Summit, organized by Trescon and co-hosted by Sun Minimeal, is set to take the stage in Dubai. Scheduled for April 22-23, 2024, at the iconic JW Marriott Hotel Marina, this summit promises to be a cornerstone event, spotlighting the UAE’s progressive embrace of web3 technology and its vision for a future shaped by digital innovation.

The World Blockchain Summit has established itself as a seminal series, bringing together a global cadre of blockchain enthusiasts, innovators, visionaries, thought leaders, and policymakers. This forum serves as a critical platform for deliberating on the integration and implications of blockchain technology across vital sectors, reflecting the global economy’s evolving digital landscape.

Amidst Dubai’s transition towards a digital-first economy, bolstered by strategic government initiatives and a burgeoning digital infrastructure, the city emerges as a global beacon for blockchain and web3 innovation. The inauguration of the Dubai AI & Web3 Campus by DIFC, coupled with the establishment of the Virtual Assets Regulatory Authority (VARA) in Dubai, underscores the region’s commitment to fostering a dynamic digital ecosystem, attracting investors and innovators worldwide.

The upcoming summit anticipates over 2,000 web3 decision-makers, 300+ investors, and more than 100 distinguished speakers. A highlight of the event is the regional finale of the Startup World Cup, orchestrated by the globally renowned venture capital firm, Pegasus Ventures. This competition offers startups a gateway to global recognition and a shot at securing US$1 million in funding at the global finals in San Francisco.

#WBSDubai will showcase a series of compelling keynote addresses, use-case presentations by leading blockchain experts, and thought-provoking panel discussions. The agenda will cover pivotal topics such as the role of Central Bank Digital Currencies (CBDCs), the potential of blockchain to enhance ESG impacts, and the importance of interoperability within the blockchain ecosystem and more.

Some of the notable speakers attending the event include:

Pascal Gauthier, Chairman & CEO, Ledger
Roham Gharegozlou, Co-founder and CEO, Dapper Labs
George Gvazava, Chief Crypto Officer, Bank of Georgia
Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC., Circle
Yosuke Yoshida, Co-CEO of EMURGO Middle East & Africa CEO of EMURGO Kepple Ventures, EMURGO
Bandar Altunisi, Head of Development for Binance in Saudi Arabia Head of Institutional Relationships for Binance Dubai (FZE), Binance
Stefan Kimmel, CEO, M2
Richard Muirhead, Managing Partner, Fabric Ventures

Sharing their enthusiasm about the event, George Gvazava, Chief Crypto Officer, Bank of Georgia said,” In the realm of innovation, the World Blockchain Summit serves not only as a gathering of minds but as a crucible, where ideas are forged into the connections, use-cases and technologies of tomorrow.”

“As Dubai spearheads the UAE’s digital transformation, blockchain technology plays a central role. Trescon is at the nexus, linking pioneering entrepreneurs with elite global investors. The World Blockchain Summit stands as the definitive forum for revealing the forefront of blockchain innovation and insights,” states Sharath Ravi, CMO, Trescon.

Hurry, registration for the World Blockchain Summit in Dubai is still available! Reserve your spot now to be part of one of the year’s most anticipated blockchain and cryptocurrency gatherings. Act fast to seize this exclusive chance to participate and secure your tickets and sponsorship today!!

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus

Co-Host – Sun Minimeal

After Party Sponsor – Floxypay

Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex

Silver Sponsors- Kreation, Coingames, Reat Capital , ACM Finance , Website AI

Lanyard Sponsor- M2

Badge Sponsor – Ledn

Lunch Sponsor – Payper

Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin

Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs

Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar