We are living in the most exciting times ever. Thanks to blockchain technology and not only, each one of us has the opportunity to become their own trader, financial advisor, and even investor supervisor.
Isn't that amazing? A couple of years ago to invest in shares, stocks, or international currencies was undoubtedly more complicated and far trickier. Today, all you need is an Internet connection, some understanding of how blockchain technology works, some guts, and obviously opportunity to count on a reliable enterprise.
To make it even simpler let’s start saying that a token and a coin both fall under the hat of cryptocurrencies. The main difference is in terms of their structure and their utility within a blockchain system, i.e., coin and token have different functions and values when it comes to investments and trading.
It is very important to understand this bit to better comprehend what follows and how the Golden Nugget project works.
There are also different types of tokens and in our case, the Golden Nugget’s, GNTO, is a utility token. Let’s have a look at what this means and how the GNTO will give you the chance to invest and trade physical gold in future.
The GNTO is a utility token, here’s what this means
Blockchain can be used for different purposes and to reach various goals.
A utility token gives the opportunity to access the goods or the services of an enterprise based on the blockchain technology. This is a unique chance for investors to become part of a company’s future growth.
Let’s get a bit technical to better understand what the perks for future investors who decide to purchase now the GNTO are:
- You’ll become part of one of the most innovative and reliable businesses in the blockchain field. We, at Golden Nugget, have combined the “old economy” with the exciting world of blockchain.
- Now you have the chance to purchase the GNTO with an incredible 17% discount. This will give you the opportunity to invest and trade physical gold once we’ve reached the 20.000.000 euros to start our ecofriendly mining project in Ghana.
- Safer investments and secure transaction, that’s all we want. Let’s leave aside the hundreds of blockchain projects which promise you gold in hand without offering you any transparency. Our entrepreneurship and professional connections in West Africa helped us to start our project. In fact, we’ve already invested more than 3.000.000 euros to prepare the field and to transport all the machinery needed.
But now let’s take a little step back and better understand why’ve chosen gold for our project in the first place.
We've chosen to back up the Golden Nugget project with gold
The Golden Nugget platform is based on a decentralized blockchain technology and the most reliable physical asset ever: gold.
We've chosen gold because it has been the most stable and secure good in the world since forever.
The entrepreneurship behind our platform is combined with a broad background in the industrial field, thus guaranteeing our know-how in gold mining.
Picking the precious metal for our project wasn't an improvised decision. In fact, here are some of the reasons why we've decided to back up your future investments with gold's stability and value.
Gold is a safe asset
Gold is the ultimate safe asset. In fact, we can see a lot of examples in economics over the past centuries of international currencies which experienced volatility, had lost value, and so on. Meanwhile, gold has maintained its stability and worth.
Gold isn't influenced by the status of international politics and economics. This metal doesn't face the risk to be "frozen" or not accepted in transactions since it has maintained its utility during the past centuries and decades.
Gold is liquid
Gold is one of the most liquid economic assets. It can be sold 24/7/365 in different markets all over the world. That cannot be said about other currencies such as the USD and the British pound which, during the years experienced volatility and instability due to mainly economic and political reasons more than once.
The opportunity to diversify your investment portfolio and your virtual wallet
To diversify your investments means to invest in different types of assets. This is a very important aspect you should consider so you can have a backup in case of inflation and avoiding the volatility of your portfolio.
In this scenario, investing in gold might represent this backup. Its stable value, the lack of volatility, and the fact that it is the most "liquid" economic asset are all factors that will help you maintain the stability of your investments.
The Golden Nugget Project: a general overview on how it works
For our project, we've chosen one of the fastest growing emerging counties in Africa: Ghana.
The gold will be extracted and delivered to Switzerland, more precisely in the Chiasso area which is known as the Gold Valley of the old continent.
After this, the gold will be refined into different weights so that our future investors will have to the opportunity to purchase the precious metal or to participate at the Dutch auction.
Our project relies on the Ethereum platform. We use our own ERC20 based blockchain, which helps us track and certify all of our actions and processes: from manufacturing to the delivery to the final buyer or Dutch auction winner.