Gigzi would Help Wider Adoption
In this article you would be able read and learn about the value proposition of Gigzi ecosystem. The article aims to present a general information about the ecosystem, the problems of cryptocurrency market and the solutions offered. You would be able to read my concluding remarks on the presented subjects at the end.
Introduction
Gigzi is an ecosystem which targets to eliminate three main challenges which prevent wider adoption of cryptocurrencies. These solutions are unique to Gigzi Ecosystem which provide highest security standard exist in the ecosystem and greater stability options which enables funds of users to be protected against volatility of the cryptocurrency market.
Problem
Cryptocurrency markets have always been volatile and most of the traditional investors was viewing the market sceptically. As Bitcoin prices reached 20k USD in December 2017, it had already attracted many new investors dreaming to get reach immediately. Unfortunately, this was a part of the market cycle where the market attracted a lot of investors and reached a peak. A quick look at how the market changed throughout the year 2018 one could see that cycle continues to correct the previous highs. Most of the crypto enthusiasts thought that the bottom was 6k USD for Bitcoin but apparently market has its own plans about its cycle.
High volatility provides experienced traders and investors huge amount of gains in a very limited time. New comers on the other hand, might lose most of their funds during high volatility in prices. This was what happened during the 2017 bull run. Many newcomers lost most of their money invested and sold at loss at lower prices after losing their hopes for prices to climb again.
High volatility has another risk for those new comers and those who does not apply risk management strategies on their trades. Prices fell immediately for various reasons, resulting in lower prices below the entry levels.
Safety is another issue that cryptocurrency users need to deal with. Although, there are many layers of security implemented for user accounts, most exchanges that traders use are centralized and prone to hacks. Most of the individual hacks happen as a result of copy pasting the private keys.
Gigzi is a wealth management platform which is crafted to eliminate these challenges by providing solutions which come with the infrastructure established.
Solution
There are our crypto assets in the ecosystem of which three are Gigzi Metal crypt-assets. Namely, Gigzi Gold (GZG), Gigzi Platinum (GZP) and Gigzi Silver (GZS). They are pegged to the price of corresponding precious metals. This anchoring enables them to be priced and traded in relation to a measure. This will bring the stability needed in the ecosystem. Introduction of precious metal crypto assets will also enable users to exchange their crypto assets into Gigzi Metal crypto-assets to prevent value loss overnight or during other unattained periods. Gigzi provides users to deem the related precious metals if they want. In this case the corresponding crypto-asset is burned.
Gigzi Wallet will be accessed by Gigzi Iris which is a biometric security device which has been developed by the leading technology provided Iri-Tech. Technology provided by the company is being used by many governmental and non-governmental organizations in US and around the world. This will bring the ultimate security to the ecosystem which has no competitor to this level yet.
Conclusion
The solutions provided by Gigzi are unique to the ecosystem. The value proposed by the project would service both the experienced and new traders. Therefore, it has high business potential in my opinion.
The security layer applied is the best I have ever heard of in the cryptocurrency ecosystem. This is a great advantage for the project. There is no similar projects offered which has combined benefits as of Gigzi.
The only negative point about the ICO is the funds needed to be successful in business. Considering this bearish market and the latest decline in total cryptocurrency, it would be a big deal to reach the soft cap which was determined as 7 million USD by the team. This high value would prevent the project to succeed in ICO and proceed to post-ICO stage.
As a concluding remark, these are the ideas of a single person who is not a financial consultant. Therefore, I suggest strongly to make your own research and make an investment decision.
Important Links
Website: https://www.gigzi.com/
Whitepaper: https://www.gigzi.com/whitepaper
ANN: https://bitcointalk.org/index.php?topic=5047392.0
Bounty: https://bitcointalk.org/index.php?topic=5055492.0
Telgram: https://t.me/gigzicommunity
BTT @meejay: https://bitcointalk.org/index.php?action=profile;u=1027151
