ICO Review Gigzi (GZB)

Introducing Gigzi

The financial services industry is changing rapidly thanks to evolving technology. Just a few years ago, users needed to visit banks in order to initiate a wire transfer. They needed to fill forms, pay a hefty fee, and then wait for a few days for the funds to show up in the receiver’s account.

A similar scenario has unfolded in the wealth management industry. Earlier, users were reliant on financial advisers for their investment decisions. They ended up paying big brokerage fees and didn’t have much control over where there wealth was going. But the advent of the internet has changed all of that.Information is now widely available, allowing users to make their own investment choices. They can execute trades on their own and decide which asset classes they want to invest in.

Gigzi was founded in 2016 with the intent of taking this freedom to the next level — empowering users to manage their wealth independently. An financial system using distributed ledger technology.

In just over two years, the Gigzi team has brought this financial system into the advanced stages of development. Users will soon gain access to a series of features that will address existing challenges found in cryptocurrencies; price volatility, account vulnerability and diminishment of wealth, enabling Gigzi users to confidently control their finances on the blockchain.

A cryptocurrency wallet secured by iris recognition technology

The fintech industry has grown by leaps and bounds of late. Last year, there were 13 fintech start-ups with a billion dollar valuation. But the problem with investing in alternative financial solutions such as cryptocurrencies is that they carry security risks. For instance, high-profile cryptocurrency hacks have led to the loss of millions of dollars, sometimes in a matter of minutes.

That’s because the market is still in its nascent growth phase. Users are still learning how to secure themselves from malicious intent and fintech companies are still testing new features to bolster account security. For example, careless handling of the private key that’s used to secure user accounts on the Blockchain has been a major reason behind cryptocurrency hacks. The private key is a set of randomly-generated numbers and characters that gives investors access to their accounts, so it needs to be kept safe.

Gigzi is overcoming this challenge with an innovation in its Gigzi Wallet application. The Wallet will use iris recognition technology developed through an exclusive partnership with IriTech, a leading provider of biometric security. IriTech’s iris recognition technology is used by millions worldwide, including government agencies such as the UNHCR, the WFP, and the U.S. Immigration Services, among others.

The Gigzi Iris security device will use IriTech’s unique algorithm that has been developed exclusively for the Gigzi Wallet. So users can control access to their accounts using their irides instead of the private key, allowing them to overcome a major security challenge.

Tokenised precious metals redeemable on demand

The wild swings in the price of alternative investments such as cryptocurrencies has created a barrier to entry for those unwilling to accept the associated risks. There are articles out there that advise against an investment in cryptocurrencies because of their hyper-volatility. For users to have the confidence of storing wealth in a currency, stability is necessary. However, many factors related to the decentralised nature of cryptocurrencies make it difficult to achieve this. A currency that is not limited by borders, with its issuance not regulated by a central authority and the value of which is determined by the open market, will remain unpredictable. Gigzi founder El Asmar maintains that a universal standard of measure is essential to effectively determine value in a financial system that knows no borders.

Gigzi Metal, crypto-assets backed by precious metal such as gold, silver, and platinum. Each unit of Gigzi Metal is equal to 1 gram of its respective metal. As such, Gigzi Metal provides users with the ability to invest their wealth in a stable asset on the Blockchain in the form of tokenised precious metals, thereby providing a safe-haven against volatility and an effective hedging mechanism for traders and investors.

What’s more, users can redeem the tokenised precious metals anytime on demand. Branded cast bars will be fabricated to specification by the mint and delivered securely to users.

Gigzi is a financial system empowering the user with independent wealth management. It is set to change the way in which wealth is stored, traded and protected on the blockchain.

About Gigzi

Gigzi is a revolutionary financial system that addresses these challenges. By harnessing the relative constancy of precious metals and utilising world leading iris recognition technology, Gigzi provides investors with stability, security and wealth protection.

The Gigzi ecosystem is formed of decentralised crypto-assets – 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. 1 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 unrivalled account security.

Gigzi Exchange facilitates transactions and exchanges between Gigzi crypto-assets and any supported cryptocurrency or fiat money. This inter-operability 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.

Gigzi has been in development for over two years. Phases completed include system architecture design, Smart Contract development and formalisation of partnership with IriTech. Therefore, at the point of launch and crowd sale – Gigzi is only months away from delivering the full system architecture and functionality to its users. Gigzi will change the way in which wealth is stored, traded and protected. It provides a complete and decentralised financial system; empowering users through financial independence and security.

Borderless Financial System Of The Future

Blockchain is gaining mainstream adoption in the financial services industry. From reducing transaction times to lowering costs, this technology is changing the way financial transactions are carried out, and its application is far reaching.

The advantages of blockchain technology are playing a crucial role in creating a borderless financial system, enabling investors to trade in asset classes of their choice across the globe at minimal costs.

London-based FinTech start-up, Gigzi, was founded in 2016 with such a vision. Gigzi’s distributed ledger financial system is empowering users through independent wealth management.

Gigzi users can invest in cryptocurrencies and tokenised precious metals and execute cash and bank transfers with the convenience of modern banking while benefiting from stability, security and wealth preservation.

Blockchain: Advantage and restrictions

International money remittances usually cost an average of 5%-20% of the total amount thanks to the involvement of one or more intermediaries. At the same time, transactions can take anywhere between three and eight working days to complete.

In contrast, blockchain technology enables users to settle cross-border transactions in real-time, and cost as little as 0.2% of the total amount being sent. There are, however, certain obstacles facing the deployment of a borderless financial system using cryptocurrencies.

Risks such as volatility, account vulnerability, and the devaluation of wealth are hindering cryptocurrency adoption. For instance, the hyper-volatile nature of cryptocurrency makes it difficult to price goods or services, limiting their use for purposes of trade.

This is where Gigzi comes into play.

Gigzi is changing the game

Gigzi addresses the major challenges of cryptocurrency to create a true borderless financial system by providing access to a wide feature-set that allows users to save, spend, and take advantage of trading opportunities.

For example, Gigzi solves the problem of hyper-volatility in cryptocurrency prices by means of tokenised precious metals. Users can protect their wealth by utilising the stability and constancy of precious metals with three Gigzi Metal crypto-assets — Gigzi Platinum (GZP), Gigzi Gold (GZG) and Gigzi Silver (GZS).

The value of each unit of the Gigzi Metal crypto-asset is pegged to the international price of one gram of the respective precious metal. This allows users to protect their wealth as they will get one gram of precious metal for each unit of the Gigzi Metal crypto-asset that they redeem, even if there is a change in precious metal prices.

This system renders hyper-volatility null and void, as the price of each crypto-asset is anchored by the price of the precious metal. Therefore, investors now have a crypto-asset that allows them to hedge their position to protect their wealth.

Interoperability: solved

Interoperability is another advantage of the Gigzi financial system. Gigzi users can convert Gigzi crypto-assets to and from fiat money, cast bars, or other supported cryptocurrencies.

The Gigzi Treasury enables users to redeem the Gigzi Metal crypto-assets for gold or silver cast bars on demand. When a user requests the redemption of a Gigzi Metal crypto-asset, The Perth Mint will fabricate cast bars based on the user’s specification, and safely deliver them to the address provided by the user.

Additionally, users can quickly convert Gigzi Metal into Gigzi Black (GZB), a crypto-asset with a price determined by its demand on the open market. This conversion takes place instantly using live exchange rates to provide users with an agile and flexible method of taking advantage of market fluctuations to generate profits.

Wave goodbye to frustrating delays

Gigzi has set up a network of local partners across the globe to facilitate exchanges between cryptocurrencies and the fiat money of any local market. This functionality allows users to gain access to their funds in the local fiat currency of their choice, but without the delays and inconveniences related to international bank transfers.

Simply put, Gigzi users will have quick and convenient access to their funds wherever they are in the world.

The future is Gigzi

Gigzi is going to change the way in which wealth is stored, traded and protected to create a borderless financial system of the future. The Gigzi crowdsale starts in November 2018.

Token info

Ticker: GZB

Platform: Ethereum

Token Type: ERC20

Available for sale: 80,000,000 GZB (8%)

Financial

Pre-sale Price : 1 GZB = 0.0025 ETH

ICO Price: 1 GZB = 0.0025 ETH

Accepting: ETH

Soft cap: 7,000,000 USD

Hard cap: 24,000,000 USD

Pre-sale Time: 21 Sept 2018 – 21 Nov 2018

ICO Time: 23 Nov 2018 – 31 Dec 2018

Gigzi Roadmap

Q3 2016

THE IDEA AND THE TEAM

From the realisation of what distributed ledger technology can do and a

great passion for decentralisation, Gigzi was born and the team was

assembled.

Q1 2017

RESEARCH AND FEASIBILITY

Analysing market conditions and assessing the feasibility of launching a

commercially viable solution using distributed ledger technology.

Q2 2017

SYSTEM ARCHITECTURE DESIGN

The initial system architecture was drafted and validated.

Q3 2017

SMART CONTRACT DEVELOPMENT, APPLICATION DESIGN & LEGAL STRUCTURING

The Smart Contract is developed incorporating the rules and regulations of

the systems including fees, values and other important functions. The

outline design of the applications is completed.

Q3 2017

GIGZI S. A. COMPANY REGISTRATION

Gigzi registered in Belize as an International business.

Q2 2018

IRITECH PARTNERSHIP SIGNED

Partnership signed between Gigzi and IriTech to develop biometric security

for blockchain applications.

Q2 2018

SMART CONTRACT AUDIT BY ETHEREUM DEVELOPMENT COMMUNITY

Security audit completed, following which the findings amd key points of

feedback were incorporated into the solution.

Q3 2018

SMART CONTRACT DEPLOYMENT AND CROWD SALE

Gigzi website goes live, followed by deployment of the Smart Contract and

the crowd sale.

Q1 2019

BETA TESTING AND LAUNCH OF TREASURY AND WALLET APPLICATIONS INCLUDING BIOMETRIC SECURITY

Launch of the Treasury application enabling the purchase and redeeming of

Gigzi Metal. Launch of the Wallet application including 1st generation Gigzi

Iris biometric security options.

Q2, 2019

BETA TESTING AND LAUNCH OF EXCHANGE APPLICATION, MERCHANT TOOLS AND GIGZI GOLD CARD

Launch of the Exchange application enabling crypto to crypto exchange,

and fiat money exchanges through a global network of local partners.

Point of sale software and multi-currency payment processing solutions for

merchants. Gigzi debit card enabling users to make payments to merchants

on existing point of sale infrastructure.

Q1 2020

2ND GENERATION BIOMETRIC SECURITY

Release of 2nd generation Gigzi Iris biometric security device. Compact size,

premium casing, superior features and built with an Application-Specific

Integrated Circuit (ASIC)

Gigzi team

Roman Van: Product Manager

Nick Belskykh: Project Manager

Lera Konstantinova: Brand Leader

Vlad Gavriluk: Creative Director

El Asmar: Founder & CEO

Fahad Shiltagh: Operations Director

Artyom Polyakoff: Technology Director

Sergiy Zhemeytsev: Blockchain Engineer

Vadim Kovalenko: Frontend Developer

Slava Gornostal: Software Architect

Adrian Dragulescu: Web Administrator

Zeljko Nemet: Business Analyst

Advisors

William Bryant: Advisor

Jonathan Fianu: Advisor

Dr. Daehoon Kim: Advisor

Byungho Khoi: Advisor

James Brookfield: Advisor

Nuha Brookfield: Advisor

 For more information and join GIGZI social media today please follow the following sources:

WEBSITE: https://www.gigzi.com

TELEGRAM: https://t.me/gigzi

TELEGRAM: https://t.me/gigzicommunity

WHITEPAPER: https://gigzi.com/whitepaper

ANN THREAD: https://bitcointalk.org/index.php?topic=5047392.0

FACEBOOK: https://www.facebook.com/gigziofficial

TWITTER: https://twitter.com/gigziofficial

LINKEDIN: https://www.linkedin.com/company/gigzi/

MEDIUM: https://medium.com/@gigzi

DISCORD: https://discordapp.com/invite/d9hjwSz

GITHUB: https://github.com/Gigzi

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PROFILE : https://bitcointalk.org/index.php?action=profile;u=2318333

ETH : 0x285dc9690Dd5C7Df305F37f89bF978255Ba87fFc