Investors review their investment options annually to increase future outcomes and profits. However, most investment options bring financial pains to investors after a short while. In 2020, many companies report serious crashes in prices of stocks globally; and this is likely to continue for quite some time.
That leaves investors in a new quest to find more reliable assets for investment. The crypto world offers some solace but still has its risks. Some of those risks include volatility and security issues. However, Apollo fintech provides an option that completely redefines crypto investments in 2020. GSX is a hybrid coin that combines the features of a stablecoin, cryptocurrency, and investment asset.
GSX as a StableCryptocurrency
Gold Backed Stablecoin
The introduction of stablecoins into the crypto market was to give investors an asset that is not prone to volatility. For that reason, they have a backing asset.
All stablecoins have different asset backing forms, some taking crypto and others using fiat currencies. Both fiat and crypto backings carry humongous risks to users.
For example, fiat is prone to inflation, which can lead to severe value losses in just a short period. Cryptocurrencies, on the other hand, face high volatility risks making them high-risk investments. GSX introduces a unique asset backing trend; gold backing.
Gold is the most nonvolatile investment asset of our time. It has, for over 3000 years, kept its value high.
Since the crypto market is highly volatile, using gold backing brings stability to the stablecoins. Users of GSX, therefore, get the guarantee that their assets will not go beyond the minimum value set. In case of any problems with the GSX coin investments, users can redeem the coins. At redemption, they’ll get the gold worth of their stablecoin value.
Apollo fintech, the developers of the GSX asset, own over 3000 acres of gold and gold-rich land in Zimbabwe. Moreover, 25% of profits from other Apollo fintech projects go to buying more gold-rich land.
50% of profits from the gold mining projects will back the stablecoins value annually. The cost of the land and mining assets will further support the assets. That will ensure the stablecoins remain at a high value.
GSX is the only stablecoin that offers actual dividends to users. The other 50% remaining from gold mining projects will be dividend payment for users. Users will receive their bonus either in GSX coins or Apollo currency.
A GSX holder will have the right to sell their assets and receive fiat that is of the exact amount of the gold value. They will sell it on the Knox exchange at any time. Apollo is also introducing a new universal wallet that will feature in its soon to be unveiled product, Stratus. This wallet will make it easy for GSX holders to sell their coins at any time.
Cryptocurrency like Growth
The leading cryptocurrency feature that GSX adopts is growth. GSX’s perpetual value growth is owing to the backing asset, gold, and gold-rich land.
Lands appreciate, unlike other assets that lose value. Gold, too, has annual increases in value since three millennia ago. The appreciation value of gold and land will also back the coin, thus enhancing coin value growth.
Moreover, coin burns will bring an additional annual increase in value. Apollo fintech will burn 50% of unused or unsold coins. The underlying value of the burnt coins goes into the coins in circulation.
Cryptocurrencies like bitcoin and ether usually come with lots of volatility issues. However, GSX, as a stable cryptocurrency, enjoys the backing of a nonvolatile high-demand asset. That makes it more robust than any other crypto in the market.
Apart from the security of funds, investors in any new or long-term investment take a look into the system’s security. That involves transparency and privacy of processes. GSX provides users with uncompromisable security, all thanks to its blockchain hub, Apollo.
Apollo Blockchain in a Nutshell
Apollo blockchain is the most secure fast and scalable blockchain of 2020. Some of the technology seen in Apollo is unique to the platform and doesn’t existence anywhere else in the crypto world.
- Adaptive forging– This feature restricts the formation of blocks to only the time when needed.
- Database level sharding– breaks information into small independent shards. Due to this, Apollo can’t have either scalability issues or full blockchain downtimes.
- Quantum resistance- The world is headed for a quantum computing revolution. Apollo blockchain has inculcated quantum resistance to its technology.
- Apollo’s decentralized exchange platform
GSX coin enjoys all those features plus another state of the art technology from the Apollo blockchain. Investors are sure of the speed, safety, and efficiency of their transactions.
A look into the GSX stablecoin pros proves that it’s the best investment of 2020. The asset has a minimum value set like stablecoins, but it also perpetually grows in value. It combines the best of stablecoin, cryptocurrency, and other investment assets features.
Gold as a high demand nonvolatile asset is the best commodity for backing a futuristic investment like GSX. Any investor in 2020 and beyond will enjoy annual end year dividends. That’s possible because of Apollo fintech’s gold business, which distributes 50% of its profits as dividends.
The security is state of the art, especially with the inclusion of quantum resistance, adaptive forging, and updater features. Also, since the platform has its own Dex platform, users will get all their exchange services in one platform, both peer to peer and otherwise. GSX is the best 2020 investment asset for investors.