How & Where to Buy Gold Bits Coin (GBC)
Step 1: Buy BTC or ETH at Coinbase
Sign up and purchase bitcoin (BTC) or Ethereum (ETH) at Coinbase.
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Use Gold Bits Coin: Ways to send & spend GBC
Gold Bits Coin Price & Information
Current GBC price and historical price chart
What is Gold Bits Coin?
Gold Bits Coin (GBC), which advertises itself as “modern day gold,” is an Ethereum-based token that is committed to serving as a real means of currency for both online and physical shopping. Its website states that it is backed by gold and approved for use by as an e-currency by one government in particular. GBC has plans to be accepted as a means of payment for several different industries, including e-commerce systems and business, the money remittance market, the travel industry, as well as the metals and jewelry industry. It has the ambitious goal of becoming one of the most widely used currencies to pay for goods and services worldwide.
History of Gold Bits Coin
Gold Bits Coin was founded in 2018 by Ali Mohammed (CEO) and Tony Dennison (COO). It has a large team comprised of several different sectors, including economics, marketing, blockchain development, and social media. The Ethereum contract for the GBC token was executed on January 26th, 2018, in which a maximum supply of one billion tokens was created. It opened for trading in July 2018 and is currently listed on 2 different cryptocurrency exchanges. GBC is endorsed by “elite” angel investors and fund manager Steve MacDonald currently sits on its Board of Directors.
How Gold Bits Coin Works
Gold Bits Coin is an Ethereum token that claims to be backed by gold, giving it some sort of innate value, while at the same time being approved for use as a digital currency by complying with fund management licensing, securities licensing, Know Your Customer (KYC) and Anti Money Laundering (AML) regulations as well. This is to help it become more widely used and thus achieve its goal of acting as a universal currency. In 2019 Q1 Gold Bits Coin has plans to begin a strategic government policy framework in order to assure that their token will be acceptable as a means of payment for goods and services around the world.
Why Gold Bits Coin?
As a cryptocurrency token, GBC has a few advantages that may not be offered by similar tokens. Some of these include:
E-commerce business platform connection. GBC is ready to be accepted by any number of merchants or other businesses that want to use it as a currency.
Crypto specialist team members. The team behind Gold Bits Coin is well versed and experienced in the fields of cryptocurrency, IT, finance, fund management and financial audits.
Well-developed business plan. The roadmap for Gold Bits Coin’s progress explains how the team behind the token plans to aid the release of products and application development.
Volatility hedge. A gold backing for GBC should allow it to minimize some of the volatility that is common and rather characteristic of the cryptocurrency market space.
Ethereum network-based. As an ERC20 token, GBC Coin enjoys all the benefits of the Ethereum blockchain, including extremely fast transaction speeds, transparency, reliability and security.