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GSX – When Crypto is Done Right

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GSX

With all the hype right now around yield farming, there are so many new platforms entering the market it’s dizzying. Sadly, most of these platforms will not be around a year from now and their users will feel the brunt of this decision. The worst part is these losses are completely avoidable. You just need to use some sound financial understanding to see if the project you are investing in makes sense.

There are some new platforms in the space that do more than just hype users up. These platforms separate their firms from the pack via strict transparency and community governance. Transparency is a key component of a cryptocurrency’s ability to remain relevant. GSX is a new project that promises to push transparency to new levels.

Transparency is Needed

The crypto market lacks true transparency right now. Nobody can tell you what the value of their coin will be tomorrow except for stablecoins. Of these select coins, very few offer a true backed and pegged cryptocurrency. Many start with a 1:1 pegged coin then slowly, and through secretive changes of their terms of service, they veer off from this state of true pegged coins to some hybrid. 

Tether is the world’s most successful stablecoin. However, this coin isn’t pegged at 1:1 with USD. Originally it was. However, after the issuance of billions in USDT, people began to question this association. It was soon revealed that the firm changed its terms of service to include fiat currency and company loans. At the time there weren’t very many options, so the market continued using Tether.

Today, there are more choices in the market. GSX is one choice that provides users with the protection and security they desire. The platform allows third-party auditors to evaluate its holdings and its value as a company. These valuations include the value of the mine and all the equipment as well. This total is the number used to determine what your yearly dividends will equal.

GSX token holders are the trust beneficiaries of the Apollo Financial gold mining operations. Currently, this impressive mining production plant is 5,000 acres. The mine is currently producing gold bullion. As the mine continues to produce more gold, the value of the land and the company appreciates. The value of gold also is set to appreciate for the coming years. 

All of these factors mean that as a GSX token holder, your yearly dividends increase exponentially. There is no other blockchain asset with this capability. GSX is a smart long term and short term investment because of its flexibility.

Versatile

GSX combines the best elements from a stable coin, cryptocurrency, and investment coin and is the only stable coin that grows in asset value continually. As a commodity-backed stablecoin, GSX takes the crown. It is more stable than other gold coins and appreciates.

As a cryptocurrency, GSX beats out Bitcoin and the rest of the market. For one, GSX resides on the Apollo blockchain. This is the fastest blockchain in the world. Transaction speed tests put this blockchain’s transaction speed at below a second. When you couple this with the fact you can send GSX globally, it’s easy to see why people are starting to convert their Bitcoin over in record numbers.

Quantum Barrier

GSX is the world’s only quantum-resistant stablecoin. This title means that in the next five years, when these supercomputers become affordable, GSX users don’t need to scramble for protections. The rest of the market needs the equivalent of a technological miracle to prevent these machines from toppling their security. 

Quantum computers are incredibly powerful. Just one machine has the computational power of an entire blockchain. Their entrance into the market will signal doom for many platforms who are carelessly avoiding taking the necessary precautions.

Gold vs. GSX

GSX is like Gold 2.0. It delivers the value of gold with the speed and flexibility of cryptocurrencies. Notably, GSX is much better suited to handle the day to day transactions of the population versus gold or fiat currencies. GSX is also safer to travel with, send, and store. Best of all, you will have a ton of storage options as GSX is their premier stablecoin for the Apollo network. 

Now let’s scale this scenario in different ways. First, imagine the cost of sending a million in gold globally, probably at least $100,000. That comparison makes it easy to see GSX wins but let’s look at a different scenario. This time you have a million people all sending small amounts of gold globally. Even with Amazon’s fleet of drones, there are so many delays and risks that its almost impossible all of these payments make it to their destination.

If you were to evaluate a normal international transaction between gold and GSX, it would be no comparison. You could send $1 million in GSX in seconds globally for pennies. It will cost you around a hundred bucks just to send your necklace across the planet. Worst of all, it’s at risk of theft the entire route.

Dilution

Gold has another form of theft that is more notorious, theft through dilution. All through history people have melted down gold removed a little bit, and then replaced the stolen gold with another metal. It could be years before any ever notices. Sadly, this practice is a major issue for the market and will be forever.

Nobody can fake GSX, or force your transaction. This blockchain has the most advanced security protocols of all time. Only you hold the ownership of your GSX. No one can confiscate or steal your holdings. The only way you can lose your GSX is if someone talks you into sending it to them. 

A Closer Look 

Gold just doesn’t have what it takes to serve the needs of this digital generation. The world has more people than ever, and more opportunity. GSX allows users to leverage the latest tech to create a unique and extremely useful financial tool.

Pre-Sale

GSX has an exciting pre-sale event currently at GSXCDE.com. The firm has discounts of up to 50% for early bird investors. The company has already announced that it plans to burn 50%, of what is offered and not sold during the event. These deflationary tactics help strengthen the value of GSX even more.

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TrueUSD Names Five Banks Holding the Stablecoin’s USD Reserve

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1. TUSD is currently in collaboration with five banks.
2. Partner banks provide a safeguard for TUSD’s asset security.
3. TUSD is now audited by auditing firm Armanino.

Stablecoin TrueUSD (TUSD) named five of its current bank collaborators that ensure asset security for its USD reserves.

According to TUSD, it currently works with Signature Bank, Silvergate Bank, Prime Trust, First Digital Trust, and BitGo for the safekeeping of USD assets that back the value of the stablecoin.

For one, Signature Bank is the first bank insured by the Federal Deposit Insurance Corporation (FDIC) to launch a blockchain-based digital payments platform—Signet.

TUSD partnered with Signature Bank, a New York-based commercial firm, and was then integrated into Signet, Signature’s payment network, opening 24/7 minting services within two minutes. TUSD admitted that this development “greatly” improved its financial services for its users. Interestingly, TUSD transactions within Signet are free.

Another TUSD partner bank from 2021 is Silvergate. This financial firm became one of the first banks to set up accounts for crypto transactions and has since become known as one of the few crypto-friendly banks.

TUSD leverages the Silvergate Exchange Network (SEN), providing users with another “efficient” token minting service.

Together with SEN, TUSD reinforces its near-instant minting and redemption services with Prime Trust’s PrimeX. PrimeX enables TUSD holders to mint and redeem tokens round the clock, offering instant settlements.

Users of the stablecoin can also mint and redeem their tokens with TUSD partner First Digital Trust. Although the bank implements minimum and maximum transactions, TUSD saw this as an opportunity to provide its users with options, especially if they plan on minting or redeeming small amounts of TUSD.

TUSD is also one of the early stablecoins that crypto custodian BitGo included in its offerings. BitGo’s secure multi-signature wallets allow TUSD users to purchase the stablecoin within the wallet. 

With BitGo, users can purchase and exchange TUSD with no fee. However, a minimum amount of $1,000 worth of TUSD is required to mint and redeem.

TUSD revealed that it is exploring more ways to better its services for its users. To do so, it plans to forge relationships with more bank partners.Earlier, TUSD was reported to now be audited by Armanino, a top European auditing firm. Armanino will attest to the stability of TUSD’s smart contracts on-chain. TUSD, in turn, becomes the only stablecoin that has implemented such security standards.

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Winning Projects are In as TRON Grand Hackathon 2022 Season 1 Comes to a Close

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The winning projects are finally in as TRON Grand Hackathon 2022 closed on March 14, coming off of a thriving victory. We’ve been tracking the winning projects closely on the TRON DAO Forum on all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been an influential site for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was earnest to see the results of the judging period, which began on March 8 and ended on March 11.

Here are the winning picks in each of the four tracks:

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal is not only to play games but bring back the social aspect that arcades had.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

The decentralized community is pleased with the project winners and can’t wait to see what’s to come for Season 2. Registration begins May 16, 2022.

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Winning Project Disclosed as TRON Grand Hackathon 2022 Season 1 Ends

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After a huge hit, the TRON Grand Hackathon 2022 disclosed the winning entries on the TRON DAO Forum in all four tracks, Web3, NFT, GameFi, and DeFi. 

The Forum has been a sufficient spot for developers to come together, share ideas, create threads, and interact with each other about the crypto community, and activity on the Forum accounted for 40% of the overall score. 

Each track’s final review panel consisted of crypto experts, KOLs, and a public community review board, whose scores accounted for 30%, 30%, and 40%, respectively. Community reviewers transparently voted on the TRON DAO Forum.

The crypto community was optimistic to see the impacts of the judging period, which began on March 8 and closed on March 11.

In each of the four tracks, here are the winning entries:

As for the DeFi track, the winner is JustMoney Exchange by JustMoney.

They aim to build an ecosystem for the next generation of decentralized applications to power Web3 by allowing crypto users to trade and offer cryptocurrencies on several chains and facilitate the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency.

“New features that truly come in handy for newcomers. You don’t have to risk any money due to failed transactions on JustMoney Exchange. It’s the little things that matter, and the team ensures it does its best to cover any issues,” a commentator said.

For the NFT track, the winner is VersacBrickSquad by TuruGlobal.

Their goal is to make real estate investment available for all since most people don’t have sufficient funds to buy their own real estate. The Versac Brick Squad is a collection of DAOs investing in real estate assets jointly managing the assets in a platform structure provided by TuruGlobal and with that making Real Estate investment accessible for the people.

“This is something we really need in this space. Community power should not be underestimated. The DAOs are the perfect tool to make the most out of all the smart people out there. Thanks for the explanation,” another commentator said.

In the Web3 track, the winner is dCloud by Cctechmx.

Their mission is to create an Open Source Web3 Cloud storage mobile app enabling its own ecosystem to enjoy a self-sustainable and shared economy. By separating dCloud code like this, we’ll be able to reduce the developing effort. BitTorrent team delivers the binaries, dCloud team devs focus on implementing them to the specific OS environment and coding a single Graphical Interface for both major mobile platforms: Android and iOS.

“Wow, what a piece of application! There is nothing like supporting decentralization hand in hand with cryptocurrencies. Better yet, still supporting it in TRON and BTTC blockchain technology. I will be waiting to be able to use it in our daily lives!” Said a commentator.

In the GameFi Track, the winner is TronNinja Arcade by the TronNinja Team.

TronNinja is a NFT GameFi project on the TRON blockchain where you will be able to use your NFTs as characters in-game while earning our in-game token TronNinjas Token (TNT) in the TronNinjas Arcade. Their goal not only is to play games but bring back the social aspect that arcades had.

“Congrats to the team for their dedication in building what adds great value to the experience of their users. So excited for the great success achieved so far and looking forward to achieving more success in the future,” a commentator said.

The TRON ecosystem continues to look forward to more projects in Season 2. Registration begins May 16, 2022.

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