GIGZI ICO

BRAINERDPAUL

Our global financial ecosystems serve billions while moving trillions of dollars each day. However, these systems are rife with problems with frequent delays and additional fees. Not to mention, the onerous paperwork and fraud cases you frequently encounter. The only positive is that the evolution of blockchain technology is proving to be a remedy for these shortcomings.

But there is also a downside to cryptocurrency as a mode of transaction given their high volatility. Such a situation calls for the creation of a financial ecosystem within the blockchain to acts as a central authority and sustains the currency. The following venture is on course to create its financial ecosystem with its very own low volatile cryptocurrency. In this sea of inovation and new technologies i will be introducing you to a visionary project that come to life in the form of ICO's and today i am going to present you with one of the most promising ones on the market which is Gigzi a financial platform which utilizes an innovative approach to blockchain based investment tools and cryptocurrencies to create a decentralized global currency which is regulated by Smart Contract. The platform tackles the three challenges of cryptocurrency investments; hyper-volatility, account security and wealth diminishment. By offering tokenised metals protected by iris recognition, Gigzi users can securely manage wealth with crypto-assets pegged to stable precious metals and also earn rewards.

ABOUT GIGZI

Gigzi is a financial platform which utilizes an innovative approach to blockchain based investment tools and cryptocurrencies to create a decentralized global currency which is regulated by Smart Contract. There are many financial platforms which utilize cryptocurrencies but, Gigzi is the only one which provides an investment ecosystem where users would be able to protect their wealth in relative constancy of precious metals. In addition to the wealth protection, precious metals provide a constant growth in relation to the value of the precious metal itself.

Gigzi's vision is defined by the wish that users become integrated into the financial ecosystem and that they will use all applications to preserve wealth, manage investment, and buy goods and services. Gizgi stipulates an ecosystem in which users can safely trade cryptocurrency, and their wealth is protected in precious metals. It is a new and innovative system on the blockchain market.

PROBLEMS GIGZI SEEKS TO SOLVE

Hyper-volatility of Cryptocurrency

There is a great deal of volatility in the cryptocurrency space because of its’ infancy. As a result of this volatility, some investors gain high returns but some of them are not lucky or educated enough so they lose their investments with lack of investment options which provide stability.

Account Vulnerability

Since it is the wealth of the user which cryptocurrency wallets and cryptocurrency exchanges keep they need a high level of security implemented for safety of the funds. Therefore, user accounts are protected by a public key which is paired with private key. The private key, which is a randomly generated set of numbers and characters, decrypts and grants access to the account. Since private keys are so long that it is impossible to memorize and they are frequently used, they are often used by ‘copy and paste’ actions, which makes it extremely vulnerable to interception by Trojans, Spyware and Malware.

The Uncertainty and Instability of Wealth Invested in Cryptocurrency

Everyone might have heard about 100x and even more than 200x returns on investing in cryptocurrencies. It is not rare that people have earned a lot of money investing in cryptocurrencies. On the other hand, there were flash crashes and devaluation of the cryptocurrencies depending on the FUD and news published. These events might easily bring huge losses within minutes and there is no way to avoid them.

SOLUTIONS PROVIDED

Stability

There will be three Gigzi Metal crypt-assets; Gigzi Platinum (GZP), Gold (GZG) and Silver (GZS) which are pegged to the price of precious metals. This will enable them to be priced and traded in relation to a measure. The price of precious metals is globally consistent, reliable and relatively stable. Pegging the price of these crypto-assets to the corresponding metal brings the stability needed. This will also enable them to be used as a payment for goods and services.

Security

Gigzi Wallet is secured by iris recognition technology to be used as private key. Gigzi Wallet will be accessible by Gigzi Iris which is a state-of-the-art biometric device that will be manufactured by the worlds’ leading iris security technology provider IriTech. Its algorithm was the highest ranked security technology according to the US governments’ NIST IREX test. IriTech iris recognition is currently used by many US Governmental Institutions and international non-governmental organizations. This innovative product will implement a higher level of security to the wallet which no wallet has at the moment. Main benefit of this technology will be to prevent loss of funds which would be caused by compromised private keys.

Wealth Protection

Gigzi Ecosystem enables users to trade and hold Gigzi crypto-assets as well as other cryptocurrencies. It would be possible to exchange to or from the Gigzi crypto-assets into any cryptocurrency or fiat. These unique features will provide users to convert their assets into Gigzi Metals in order to prevent loss of value in a flash crash or FUD coincidence.

THE GIGZI ECOSYSTEM

Ethereum is the platform underlying the Gigzi ecosystem; it enables Gigzi to develop and deploy decentralized applications. The Smart Contract regulating the Gigzi ecosystem cannot be modified once deployed; it runs exactly as programmed. Users can freely participate in the Gigzi ecosystem by accepting the proposed functions and terms of the Gigzi Smart Contract. The Gigzi ecosystem consists of three core applications that support the Gigzi crypto-assets — a Wallet, an Exchange, and a Treasury

Gigzi is comprised of crypto-assets that operate on a decentralized peer-to-peer network and are supported by three core applications: a Wallet, an Exchange, and a Treasury. Together, these applications enable independent wealth management. Using distributed ledger technology (Ethereum) and Smart Contracts, Gigzi has developed and deployed a self-regulating financial system that revolutionizes the way wealth is managed and protected. The Gigzi vision is to create a financial system that empowers users to independently protect and manage their wealth, with the ease and convenience of modern banking.

Gigzi Black (GZB) and Gigzi Metal, comprising Gigzi Platinum (GZP), Gold (GZG) and Silver (GZS) — that are supported by three core applications; a Wallet secured by iris recognition technology, an Exchange and a Treasury.

Gigzi Black (GZB) is backed by market confidence. It is distinctive in its Gold Rewards programme, whereby, users holding Gigzi Black at the end of a reward cycle are paid Gigzi Gold crypto-assets. This ensures users are invested in the Gigzi ecosystem and share in its success.
Gigzi Metal is stable and secure; this is achieved by anchoring the price to precious metal.
Gigzi Metal is equal to 1 gram of its respective precious metal. The tokenisation of precious metals by Gigzi provides users with a stable asset in which to invest their wealth on the blockchain, as well as enabling users to hedge and limit exposure to the volatile cryptocurrency market. The world-renowned Perth Mint has been chosen to provide the precious metal that backs Gigzi Metal crypto-assets.
The Gigzi Wallet application supports major cryptocurrencies and enables users to easily manage funds stored on the blockchain. In conjunction with iris recognition technology, developed with IriTech — the world’s leading iris biometric security provider, the Wallet provides unrivaled account security.
Gigzi Exchange facilitates transactions and exchanges between Gigzi crypto-assets and any supported cryptocurrency or fiat money. This interoperability is a significant feature of the Gigzi ecosystem. Gigzi Metal crypto-assets may be redeemed for gold or silver cast bars at the Gigzi Treasury.

How It Works?

The use of a decentralized crypto asset peer to peer network creates a conducive atmosphere for independent wealth creation with the help of some applications which are: wallet, exchange and treasury.

Stability is being improved by gigzi by harnessing the use of several metals and this is done to provide a reliable atmosphere in terms of the fluctuating market system.

The insecurity system is also reduced by the use of an iris recognized system technology which monitors the activities of several accounts.

There is a consistent wealth flow in the system by the use of crypto assets which can be redeemable at any point of time.

FEATURES

Wallet

The Gigzi Wallet application supports major electronic payments and allows users to easily manage funds stored on the blockchain. This wallet ensures unparalleled account security thanks to IriTech's iris recognition technology, which allows users to be confident in their operating safety and savings.

Exchange

Due to the presence of a private exchange, the system Gigzi will allow all users to quickly spend the cryptocurrency exchanges of assets with Fiat and Vice versa. Also, for users, due to the integration of API exchanges, the function of transferring cryptocurrencies from one exchange to another will be available. The same will apply to traditional Fiat exchanges. This principle allows not to be limited to one exchange, but to interact with a wide range of partners.

Treasury

The Gigzi system intends to back up each of its coins with precious metal from this and there will be a further classification of coins: GZP (Platinum), GZG (Gold) and GZS (Silver). Each time when there will be a purchase of a coin, it will be supported by 1 gram of metal. When the cycle of the transaction will occur in the opposite direction and will be the redemption of precious metals, the system will immediately be the destruction of the crypto-asset. This principle will allow you to quickly exchange Gigzi Black for Gigzi Metals and convert your assets into a more stable market of precious metals.

GIGZI ADVANTAGES