We live in a world governed by big monetary empires. These central entities have the power to create and set up any financial terms and conditions. These latter represents the strict rules that determine how a person can use and save his or her own wealth.
However, with the rise of blockchain technology, we are able to manage our wealth independently.
This revolutionary medium of "peer-to-peer communication" assures a new decentralized business model, where no middlemen are involved in the transaction. Moreover, digital smart contracts are used to guarantee a transparent, secure and fast operation.
Independent Wealth Management:
Gigzi is a promising project, with the sole purpose of allowing its ecosystem users to manage their crypto-assets safely and without the Bank’s authority.
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Gigzi is Composed of Three Main Pillars:
1- Secured Crypto Wallet with Biometric protection using Iritech
2- Assets exchange from crypto to crypto or fiat
3- Treasury to store precious metals (Gold, Silver, Platinum)
How to Deal with the Cryptocurrency Volatility!
Crypto market is characterized by its instability, frequent and fast price changes. So, in order to deal with this market aspect, Gigzi will use a value/price backing method. This latter consists of supporting the Gigzi crypto-asset with precious metal price. Consequently, the price of such crypto-assets is more stable, less volatile and has a great perceived value!
Precious metals, like Gold and Silver, have a stable price and are hardly volatile. With Gigzi, we are talking about “Tokenized Precious Metals”. This does mean that the price of one metal crypto-asset is equivalent to that of one gram of precious metal. In this context, Gigzi has three types of digital assets, backed by Platinum, Gold or Silver:
GZP or Gigzi Platinum
GZG or Gigzi Gold
GZG or Gigzi Silver
These three different crypto-assets have more stable price than the other standard Gigzi asset, which is called Gigzi Black or GZB. This latter is subject to the market appreciation and governed by “risk and reward” factor. When the GZB market demand is high, its perceived value and price grow, and vice-versa.
GZB represents the main token or core asset of Gigzi ecosystem.
The Crypto Market Vulnerability
Crypto-assets can be subject to a high level of vulnerability. Actually, the token or coin is saved into a crypto wallet and identified by two keys:
One Public Key (can be seen and tracked publicly.)
One Private Key (this has to be saved and kept away safely from public access.)
The Bad News:
In order to back up your crypto wallet address, password and private key, you have two options:
1- Use the copy-paste method
2- Print these data and keep your paper wallet in a safe place.
When the second option might be better than the first one, which could be risky and lead to the loss of your wallet, due to various cyber attacks and malware threats.. paper wallets could be lost or stolen too.
Biometric Recognition:
Gigzi has partnered with Iritech, a world-renowned company in high tech security and data protection, to protect the crypto-wallet with biometric security measure.
Store of Value
Cryptocurrency investors, traders and holders have to guarantee a stable and long-term asset value.
Gigzi will use a treasury application to store tokenized and redeemable precious metals ...This will be a unique feature in the Gigzi ecosystem. It will allow the public to use and manage their wealth, independently. Therefore, people will be encouraged to invest into Gigzi crypto-assets.
Useful Links:
Website: https://gigzi.com
WhitePaper: https://gigzi.com/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5047392.0
Twitter URL: https://twitter.com/gigziofficial
Gigzi Medium: https://medium.com/gigzi
Telegram: https://t.me/gigzicommunity
Youtube Channel: https://www.youtube.com/c/Gigzi
My Bitcointalk Member Profile Link: https://bitcointalk.org/index.php?action=profile;u=1100540