A proactive, but also conservative entrepreneur with solid economic education here shares his opinion, from perspectives of personal, corporate, corporate, and industry level.
JC: As CEO and founder at Golden Currency, a pioneer of cash money on blockchain. Can you share your view on blockchain economically?
Igor Chekun: There are many advantages of blockchain that could result in positive economic result for developers and users in many branches of economy. For example, there are such opportunities in blockchain projects that deal with government services and everything related. In our project Golden Currency we deal with government money issuance monopoly. We see that there is a market failure, there is no money in the world that is backed by assets, there is no global, reliable, inflation-free money. That is why we make Golden money that could be potentially used in our everyday life. Blockchain will help us to make money global and reliable. So in our case blockchain can help to work with market failures.
JC: What is the challenge Golden Currency meet?
Igor Chekun: Golden Currency project is very different from any other project. It deals with money that could potentially be used by any individual and entity in the world. As being a large and unique project there are many challenges that we meet. But at the same time if to look at every small element of our project — there is nothing new. For example, money backed by gold is something that the world had earlier. The same is with private money, etc. So there we see that there is no problem that we could not cope with.
JC: Which word describes you better? Proactive? Or Conservative? And why?
Igor Chekun: As working with a unique and large project you need to be both proactive and conservative. You need to have a different, new view on the problem and be very active to promote the project and achieve results. But at the same time you need to take into consideration all previous experience, for example, of other gold backed currencies that existed earlier, you need to take into consideration reliability and stability and thus to be some kind of conservative.
Golden Currency makes stable coin for legit use in everyday life both for companies and individuals, with “money” legal status. Golden Currency is money that you will be able to have in cash, put into your bank account or transfer to your crypto account in one click. It will be the only money in the world now 100%-backed by gold. Golden Currency is at pre-ICO stage now, increasing our team, looking for partners and investors.
Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency.
The entire infrastructure of Golden will provide its user with such conditions that it will not matter in which currency to keep his funds in terms of functionality. And if so, taking into account the advantages of the Golden currency, it will be favourably for the user to keep money in Golden, which is not subject to national risks and inflation. The increase of the currency use, and therefore, the maximization of its turnover and the monetization of the project, will take place on the basis of ensuring and developing its competitive advantages.
The main goal of the project is to establish monetary system of the new Golden currency, which includes the following elements:
а. Golden currency. The first fully functional global private currency issuance, both cash and non-cash, 100% backed by gold.
б. Golden currency infrastructure. Establishment and development of infrastructure for new currency operation, ensuring its efficient and convenient utilization and maximizing its use.
The key elements of the infrastructure are: global banking network with banking infrastructure (Golden Bank); crypto-fiat сurrency exchange integrated with the banking network (Golden Exchange); gold depository.
Golden Bank. Banking network The Golden Bank will be established to provide efficient distribution and use of Golden currency. Golden Bank will carry out its activities in full compliance with the legislation of those countries within which it will function, by obtaining the necessary licenses and permits, and through compliance with their regulations, requirements, etc.
The basic development strategy of Golden Bank implies the development of the bank and its transformation into a global banking network with the largest possible representation worldwide. The strategy of mergers and acquisitions, which involves purchasing existing banks in every country of presence, is considered to be key to minimizing the time of entering the market, and to acquire client base and intangible assets (human capital, IT systems, etc.).
Official website: https://goldencurrency.world
Facebook: https://www.facebook.com/GoldenCurrency.world/
Youtube: https://www.youtube.com/channel/UCCMhEf1bM9yaS7MwRjTfDLw
Columnist & Interviewer: JC Lin, https://www.linkedin.com/in/jclin321
JC has experience with consulting technology, management and strategy planning. JC specializes in blockchain applications, big data and artificial intelligence.
