The Only Gold-Backed Cryptocurrency that Pays Dividends Perpetually

A new cryptocurrency backed by gold has entered the market. This crypto is called Gold Secured Currency (GSX) and is bringing with it unique features that promote profit, growth, and security. 

Gold-backed stablecoins have attracted many investors thanks to their resistance against market fluctuations. And that is because of their attachment to a real-world asset, gold, provides the same price stability and protection against violent market fluctuations, just like fiat-based cryptos.

But GSX comes to the market to bring a new standard to what it means to be a gold-backed crypto. 

Who Is Behind GSX?

GSX is a new stablecoin asset that runs on the Apollo Blockchain. Unlike other gold-pegged cryptos, the value of GSX is not only tied to gold reserves but also to the company’s mines and domains. That encompasses over 3,000+ acre platinum and gold mines owned by the company.

The Apollo Blockchain was developed and launched by the Apollo Fintech company and is the first blockchain to have Database Sharding integration, and other new technologies to attain real blockchain sustainability. 

The company was the first to develop and distribute a complete e-Government platform and National Currency Platform to nations that want to create their own cryptocurrencies. This year, they will also be launching Stratus, the most expansive social network.

The GSX coins will be backed by 50% of the gold that will be produced from the mines and refineries, constantly raising the value of the stablecoin. The other 50% will be distributed to GSX holders as dividends.

And, although a stablecoin, Apollo Fintech will secure the future growth of GSX by acquiring new lands with gold, opening a refinery, and expanding its mining operations.

What Is GSX?

GSX is an innovative cryptocurrency with its market price tied to that of gold. This allows investors to protect themselves against losses derived from sharp market volatility, which is common in regular crypto assets.

An additional feature that is unique to this cryptocurrency is its dividends system. By owning the coin, the holders also receive profits on a regular basis. GSX is also the first crypto that will increase in value indefinitely by expanding the real-world operations backing the asset.

GSX’s price will be start off at 0.046 cents, but its value will certainly increase as more gold is produced. Also, the GSX will follow the price the gold, so investors do not need to worry about the price of the coin going down and losing their investment. Moreover, they will be able to take profit from gold appreciation as well.

50% of the coins that will not be sold in the CDE will be burned by the company, and the gold used for their backing will be given to the rest of the GSX coins. By burning coins, the total supply is reduced, and the price of the crypto will go up.

GSX takes the security of a stablecoin, the trading benefits of a cryptocurrency, and the dividends of an investment coin to make a perfectly risk-free and profitable digital asset.

True Ownership

Unlike other coins, GSX holders have the same rights as trust beneficiaries and legal owners of the company, its mines, future refinery, lands, gold, and other associated properties and resources. And that is aside from the yearly dividends they receive.

Audited Reserves

Apollo Fintech holds regular audits with reputable third parties in order to prove that their gold reserves are real and that all coins are properly backed by the precious metal.

Easily Redeemable

GSX coin can be easily redeemed for its gold value directly from its main platform so the need to convert the coin to fiat on various exchanges can be eliminated.

GSX is the first crypto of its kind, as it is a safe investment that promises perpetual growth and yearly profits.

Crypto Mining – A New Generation of Mining Opportunities

Cloud mining, as you know, can be defined as leasing mining packages through a company’s data center anywhere in the world. With cloud mining, a customer rents processor power for a certain fee and starts mining.

The digital asset economy will not continue only by holding and trading cryptocurrencies. For this reason, mining is of great importance. So how reliable is your mining resource? Does it offer you the best deals?

Crypto Mining offers you this opportunity.

Crypto Mining offers you a new generation of mining opportunities with state-of-the-art equipment and best location options. Thanks to the system, mining becomes accessible and profitable for everyone. Crypto Mining, which is constantly expanding with its professional and quality management, technical and operation team, environmentally friendly energy resources, also continuously invests in the ecosystem. Thanks to this system, collective development is supported both individually and company-specific.

Only Few Clicks Away

You are only a few clicks away from modern mining facilities filled with the latest technology mining devices. Are you ready to mining with a powerful and flexible system? Our system was developed for cryptocurrency enthusiasts and people who are passionate about the future. See how crypto mining unlocks accessible mining. 

Cyrpto Mining offers customers an easy and reliable mining experience with its privileged service. The company has the most advantageous prices in the market. With this ecosystem, great contributions are made to the cryptocurrency market.

The platform enables customers who are new to the market to mine more easily.

The Effect of the Bitcoin Halving on Online Casinos

On May 11th, 2020, one of the most important events in the history of Bitcoin happened. We’re talking about the Bitcoin halving, when the supply of new bitcoins issued in blocks is halved, reducing the inflation rate and making bitcoins more scarce than ever.

As of May 11th, halving events have happened three times in Bitcoin’s short history. In previous times, the price of Bitcoin has increased dramatically after halving events. Anticipation of another bull run is causing many online gamblers to switch to Bitcoin casinos, many speculators to buy and hold Bitcoin, and many traders to switch to long positions to try to capture some gains.

Let us explain more about the halving, how it affects Bitcoin, and why Bitcoin casinos are more popular than ever before.

The Bitcoin Halving – What Is It and Why Is It Important?

To understand the Bitcoin halving, you need to have a basic understanding of how Bitcoin works. It’s much simpler than you might think, despite being unfamiliar to most people.

Every 10 minutes, a new Bitcoin block is created, which has in it a number of recent BTC transactions. Bitcoin miners run specialized computers 24/7, trying to guess the cryptographic key to unlock the next block. If they guess it correctly, they get all of the transaction fees and the block reward, which is some of the new bitcoins.

Every 210,000 blocks, or about every four years given that a block is mined every 10 minutes, the block reward halves. This is why it’s called the halving. This means that the number of new bitcoins being issued decreases every four years, unlike fiat currencies, which central banks print by the tens of billions whenever they feel like it.

The fact that Bitcoin gets more and more scarce over time makes it attractive to all sorts of people. Speculators, investors, Bitcoin believers, and online gamblers sense the value in a currency that is scarce, especially as central banks flood the world with paper money.

The two previous Bitcoin halvings have been correlated with dramatic price increases in BTC. Here’s what happened before.

  • In 2012, the first Bitcoin halving was followed by a price increase of 8,069% within one year.
  • In 2016, after the second halving, the price of BTC increased by 284% within a year. Ultimately, it reached a record high of $19,786 in December 2017.

Some Bitcoin analysts expect another price rise to well over $100,000 before the next halving. This is why so many online casino players are rushing to try to win some Bitcoin. If you win $10,000 of BTC today, and it really does increase to $100,000 or more per coin, your jackpots will be worth at least 10x more. There are no guarantees that it will, of course, but gambling is all about risk.

Why Bitcoin Casinos Are Booming in 2020

There are a few reasons why BTC casinos are growing rapidly in popularity, and why this halving event (more so than any other) is causing online gamblers to flock to them in droves.

1. Bitcoin Casinos Are Secure

When you gamble online with Bitcoin, you don’t have to share your credit card or bank details with the casino. You deposit BTC straight from your Bitcoin wallet, and when you win, you withdraw to it. The wallet doesn’t give away any details about you, and if a hacker did break into the casino, all they would see is your wallet address and transaction history. Without your private keys, they can’t do anything with your wallet address. Therefore, Bitcoin casinos are safer and more secure than fiat casinos.

2. Bitcoin is Maturing and People Sense It

After the previous two halvings, in 2012 and 2016, barely anyone had heard of Bitcoin. These days, Bitcoin is talked about in the mainstream media often, and the number of users has increased dramatically. Even CNBC hosts and Wall Street legends like Paul Tudor Jones talk about Bitcoin’s bright future. There’s a sense that Bitcoin is reaching a new level of maturity and is being accepted by people who previously dismissed it. Many BTC holders are convinced that institutions such as pension funds will soon buy and hold Bitcoin, so the price increase could be larger than anything we have seen before.

3. Bitcoin Is Changing Gambling for the Better

Bitcoin itself has forever changed money, but it has a number of knock-on effects which are positive for online gambling, too. For example, since all Bitcoin transactions are recorded on the blockchain, it is impossible for rogue casinos to steal your deposits and deny that you ever made them. Likewise, there are now Provably Fair casino games that use blockchain technology and hashing to make sure that game outcomes are truly random and honest. These innovations will clean up casino gaming and squeeze rogue operators out.

Why This Halving Is Special for Online Gamblers

While all of the benefits of Bitcoin casinos listed above are great, the real reason why this halving is positively affecting Bitcoin casinos can be summed up in two words; potential gains!

Gamblers can look at a historical Bitcoin halving chart and see how the price has increased by a lot after both previous halvings. With the maturity of Bitcoin as compared to previous halvings, the potential for price increases this time is even greater. Gamblers are excited because winning some Bitcoin today and holding it for a couple of years could be highly profitable.

In summary, gambling is potentially a fast way to increase your Bitcoin holdings. One lucky spin on a slot machine could give you 1,000 times the bitcoins you risk. Playing Bitcoin poker with a smart strategy could mean your BTC stack grows dramatically. It’s all there for the taking, and it coincides precisely with an event that makes Bitcoin scarcer than ever, and at a time when central banks are flooding the world with paper money.

Could this be the perfect storm for Bitcoin? We’ll soon find out, but for now, Bitcoin casinos like KingBit Casino are more popular than ever, and this halving is only helping them grow in popularity as players see the true value of Bitcoin.

Mycelium Wallet Supports ERC-20 Standard

A lot of community members store ERC-20 tokens these days. As Ethereum remains the most popular blockchain platform for smart contracts and DApps, Mycelium wallet now supports the standard.

Here is the current TOP10 list of ERC-20 tokens by 24H volume:

  1. Tether USD (USDT). The most popular USD-pegged stable coin.
  2. TrueUSD (TUSD). A regulated USD-pegged stable coin.
  3. USD Coin (USDC). A fully collateralised USD-pegged stable coin backed by Circle.
  4. BNB (BNB). A regulated USD-pegged stable coin by Binance.
  5. ChainLink Token (LINK). A token to support the middleware (the bridge between smart contracts, data feeds, APIs, and traditional bank account payments).
  6. Paxos Standard (PAX). A regulated by the NYDFS and fully collateralised USD-pegged stable coin.
  7. ZBToken (ZB). The token of a financial service provider.
  8. VeChain (VEN). A token to support the middleware (an oracle plus IoT integration).
  9. OKB (OKB). A token to support the digital asset exchange.
  10. OmiseGO (OMG). A token to support financial technology.

Hype-pandemic Decreases the Velocity of Money So Unavoidable Hyper-QE Doesn’t Blow Up the World

In the recent couple of decades, financial processes have been dominant. Today, everything else—wars, energy supply, digital technologies, mass media, even politics—all are tertiary, all follow the logic of the global financial center restructuring, foot-to-foot. 

The key event of recent months is the official launch of the FED’s multi-trillion-dollar giveaways (hyper-QE). 

From this moment on, it is impossible to go back to the previous state of the system. Now, only forward! We are heading into the unknown and not yet experienced by anyone. We are facing something for which there is no description, rules of tested behavior. 

The exaggeration of the pandemic (hype-pandemic) serves the need for a sharp slowdown in the real economy. 

A sharp acceleration of financial pumping must not be done without slowing down the real sector. As they are multiplying the increased money supply by the decreased speed of money, at least to some extent they stay commensurate with the second part of the classical equation. This way, the hyper-QE does not [necessarily] lead to immediate hyperinflation.


But why did they end up needing this hyper-QE in the first place?

We should first ask why weren’t they afraid to QE in 2009 and later and why aren’t they afraid to hyper-QE now? The very ability of the Fed to print and throw trillions of dollars into the furnace of the system without inflationary consequences for the dollar does look like a miracle.

The trick is that capitalism (that could be “afraid” of such actions) has not existed for many years already. It’s been dead since a two-circuit financial system has been formed, in which “dollars for capital operations” are separated from “dollars for the consumer market”. The former circulates in the virtual world of large speculations and investments. It does not trickle down to consumers, it never becomes the latter. The money that does sneak into consumers’ pockets is immediately sucked back into the virtual world via the [artificially] “growing stock market”. This is why they’d kill for constant “growth”. To a large extent, it has been a Ponzi for centuries but since about a decade ago, it is a complete and very quickly rotating Ponzi.


Notably, the two-circuit system is one of the core characteristics of the so-called developed socialism. Just as under Brezhnev, under Obama, capital operations ceased to depend in any way on the real economy. The percolation of the “capital” dollars into the real sector, as well as non-cash rubles into cash at the time, is, in fact, a planned (commanded) procedure, since it is determined by budget expenditures agreed in congressional committees.

However, in the bourgeois United States, it is impossible to maintain this separation of the two financial circuits for a long time, even with the full support of deceptive mass media.

Even in the best virtual computer game, there are external limitations and physiological needs of the players. Someone should go into this increasingly dusty and degraded game room and put cheeseburgers in a convenient place so that gamers can pick’em up and eat without removing virtual reality helmets. Someone also needs to change diapers.

In an exciting game of virtual financial “capitalism”, China and other countries of the periphery were needed for this “support” role. The dependence of the real sector of the world economy on the virtual game was created by involving the comprador elites, albeit indirectly, through offshore banks that siphoned dollars leaked to the producing sector back into the global virtual game. There’s plenty of other mechanisms: creating local budget deficits, IMF loans, buying American “treasuries” instead of investments in their own economies.

Until recently, this convergent virtual superstructure over the real economy not only co-existed with classic capitalism but also helped it complete the global expansion. Even the politically closed North Korea is now partly embedded in the world market through smuggling.

Having embarked on the path of QE in 2008, the financial elite of the West could no longer step off it. Rather, attempts to maneuver always ended with the opposite maneuver, leading to the main trajectory — to the collapse of the pyramid.

Every day, the two-circuit system requires bigger and bigger infusions — from several billion a year they came to several trillion in a month. All this time, the real economy has not expanded. 


The hype-pandemic is a gesture of despair. That’s why it feels so caricatured. For 75 years, there has been no place for real despair in our world. The hype-pandemic allows the otherwise split elite to temporarily unite and slowly pump the already punctured bubble of the real economy. 

They now have the formal justification to continue the Brezhnev’s practices and distribute loans without collateral and give away subsidies. 

Ok, for now, they avoided a sharp collapse with the destruction of even relatively healthy and necessary sectors and enterprises. This can be called a success. Gradual deflation is better than immediate death. So far, much of the extra money continues to be sucked out of reality to the “virtual” stock market.

But did the quarantine give time to work out an agreed decision? Did they decide what is going to be the fate of the dollar? Probably so. In such a stressed situation of the “co-located” mutual and universal interest, in a situation when they have time to solve it, there SHOULD be some [temporary] solution. Then, of course, after some time the world will have to look for the next move.

Via Ad-hoc Economy

FIO Protocol Launches Mainnet Simplifying Paying, Sending & Accepting Crypto

Over 2M crypto users will soon be able to utilize FIO enabled wallets to request crypto as well as send without using public addresses.

Denver, United States – XX March 2020, The Foundation for Wallet Interoperability (FIO), the crypto industry’s consortia of wallets, exchanges and cryptocurrency payment processors supporting the FIO Protocol, has announced the launch of the FIO Protocol mainnet (https://explorer.fioprotocol.io/).

The FIO Protocol unites the existing blockchain ecosystem with a decentralized delegated proof of stake usability layer that is integrated into existing crypto products such as wallets, exchanges and crypto payment processors. It makes the user experience of interacting with all blockchains as easy and worry-free as the best-centralized solutions today but does so in a secure and decentralized manner. The blockchain-agnostic protocol is already being integrated into multiple crypto wallets including Edge, Trust, Guarda, Scatter, Atomic, Mycelium and Anchor with releases anticipated soon. Over 20 more wallets, exchanges, and crypto payment processors lined up to follow (https://fioprotocol.io/ecosystem).

Users will be able to send any type of cryptocurrencies by simply sending them to a ‘human-friendly’ FIO Address which somewhat like an email address is a username on a domain like “fio@edge” rather than the traditional incoherent string of 26-35 alphanumeric characters. Unlike other attempts at eliminating user interaction with public addresses, the FIO Protocol eliminates manual mapping to the public addresses, users are not bothered with an incremental payment every time the address is updated and will soon be able to opt-in for complete privacy on their public address mappings. Users can also register their own FIO Domains on which multiple usernames can be applied. Registration of FIO addresses and domains is done right out of the wallets that have launched initial integration such as Trust Wallet.

In addition, the FIO Protocol as a purpose-built usability layer is much more than just human-readable wallet addresses. Out of the box, the FIO Protocol will enable users to send and receive requests-for-payments.

The all-important inclusion of cross-chain encrypted metadata (called FIO Data) combined with FIO Requests enables invoices, order carts, or peer to peer payments to be sent for any token/coin on any blockchain. In all cases, details of transactions between counterparties are private, encrypted and only readable by those two parties. “Friending”, currently in development, will offer functionality that will enable encryption of the mapping of FIO Address to public address expanding the privacy enabled on the FIO Protocol. 

“We believe unifying this functionality will greatly simplify everyone’s experience of using cryptocurrency and help drive adoption with a more mainstream audience,” said Managing Director of the Foundation for Wallet Interoperability, Luke Stokes.

The initial version of the FIO Protocol was built through $5.7m in funding led by Binance Labs that was invested into Dapix, Inc. which created the initial version of the protocol software and transferred ownership to the Foundation prior to the mainnet launch. David Gold, CEO of Dapix added, “The vision of the FIO Protocol is to be a homogeneous usability layer of workflow, data, and information about the sending of transactions on other chains. The future potential of the protocol includes things like recurring payments, fee-splitting, secure multi-sig request routing and more.” The FIO Protocol has gained the support from 28 FIO Members, excited to integrate the Protocol.

The goal of the FIO Protocol is to provide a consistent usability layer for everyone on every chain in every crypto product.

FIO Protocol PR Contact:

Frances Wells

Cryptoland PR 

US: 866–586–5603

UK: +44 020 3908 5686

frances@cryptolandpr.com

About FIO Foundation

The Foundation for Interwallet Operability (FIO) is a consortium of leading wallets, exchange, and crypto payment processors supporting the FIO Protocol — a decentralized Service Layer that removes the risk, complexity, and inconvenience of sending and receiving tokens and coins identically across every blockchain. The FIO Protocol is not a wallet and does not compete with other blockchains, rather, it makes the user experience better across every wallet and every blockchain. To learn more visit: https://fioprotocol.io/ or the FIO Protocol Knowledge Base at https://kb.fioprotocol.io

England to Issue National Stablecoin

This March, Bank of England has published the discussion paper called “Central Bank Digital Currency”.

The paper considers: as the issuer of the safest and most trusted form of money in the economy, should we innovate to provide the public with electronic money — or Central Bank Digital Currency (CBDC) — as a complement to physical banknotes?

A CBDC could provide households and businesses with a new form of central bank money and a new way to make payments.

CBDC could also be designed in a way that contributes to a more resilient, innovative and competitive payment system for UK households and businesses.

A Central Bank Digital Currency would be an innovation in both the form of money provided to the public and the payment infrastructure on which payments can be made.

CBDC could present a number of opportunities for the way that the Bank of England achieves its objectives of maintaining monetary and financial stability.

It could support a more resilient payments landscape.

CBDC may also provide safer payment services than new forms of privately issued money‑like instruments, such as stablecoins.