In this CryptoCoinShow episode, Ashton Addison speaks with Logan Crawford of EasyGold about their platform for investing in tokenized gold, the EASG security erc-1400 token, their near-term projections on the price of gold, and how to get involved with the EasyGold launch.
Read our notes below to learn more.
Introduction of Easy Gold
Inflation is on the rise and people are looking for ways to protect their savings.
One of the best-performing assets over the last few decades has been gold but because its physical and the cost of storing and securing it are high it can be inaccessible to most people.
The 3 solutions for these problems are: acquire the physical asset which is popular among small and medium investors but it comes with costs for storage and insurance, the second way is to invest in gold by buying shares of a mutual fund or ETF These funds follow the price of gold and can be traded on the stock market, the third way is trading on the Commodities markets.
We are now in an era where projects are trying to combine blockchain and real-life Commodities to create investment opportunities we've got a few Gold-backed stablecoins as an alternative to investing in physical gold.
Now there is a safe way to trade Gold without banks or legal restrictions
The first stablecoins ever were backed by Fiat currencies.
Easy Gold as a Market leader in Gold-backed chain project
The market leaders prevented commodity-backed stablecoins from capturing enough shares to compete with them.
EasyGold is a token backed by Hartmann & Benz in Germany, and this team has years of experience in the gold and metal industry.
100% of the profits from the trade futures go into buying more raw gold and keeping the process going so it's totally scalable.
If you're an investor you will see higher and higher returns with time depending on how long you stake the tokens but you can get a cut of the revenues.
Revenue cut is 5%-50%.
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EasyGold Overview
Made the whole process of investing in gold seamless for our users, you can go to our website and purchase the EASG tokens which have a pre-sale coming up soon.
For Both the private sale and the pre-sale the minimum investment is 500 Euros. We really don't have a maximum but anything over ten thousand dollars is subject to anti-money laundering laws.
Using the ERC 1400 as the technical infrastructure to sell our tokens. Binance smart chain does offer better speeds and lower transaction costs but for a security token like EASG where the minimum investment amount is much higher compared to usual crypto transactions, we needed something different.
Token price isn't dictated by the price of gold the price of gold will not influence your returns.
The point of creating this token was to reduce the costs associated with security and storage.
Dividend Model
All proceeds go toward acquiring raw gold and the unsold tokens will be burned.
Starting at the end of the first calfendar year investors will receive regular dividend payouts in EASG tokens. The amount of dividends that investors will receive is based on the funding we get through the crowd sale.
Projections on Gold
Gold may not be the option to make money quickly and cash out but it's one of the best ways to protect assets in the long term from inflation.
Next major milestone after the launch
In June 2023 we're launching the pre-sale and the main sale begins in August.
We want to become the standard for gold investing in the cryptocurrency market.
Obstacles for EasyGold
We might have operational issues for example and that could mean anything from broken equipment to delays caused by partners or suppliers.
There's always the risk of theft or attack on any of the company's facilities which could result in losses of the acquired gold and ultimately the price of the tokens.
The volatility of the gold market.
Check out these important links
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