NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

The World Gold Miner Tokenizes Assets and Opens Trading on Coinsbit, Simex and P2PB2B Exchanges

NewsBTC
NewsBTC
1 year ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Recently, in search of easy and big profits, to the crypto market have come many new investors who thoughtlessly invested money and manipulated the price of cryptocurrencies, as a result of which this Big Bubble burst. The great and terrible “Crypto-disaster of 2018” happened during which many coins either lost their entire price or still have not regained their position. And although some projects were fraudulent, most startups only too late realized the importance of creating a truly viable, crisis-resistant management system.

Now the situation has changed a lot. Investors no longer want to take risks and thoughtlessly invest money for luck. The real usefulness of the project, its financial strategy, which will allow you to earn money, is currently appreciated. Investors do not need ideas, they want to see the practical application of these ideas.

Introducing GoldFinX, a new financial technology built on a strong business model that scales and retains its value over time. The company opens up a gold mining market for private and institutional investors, taking care of improving the quality of life and the environment. The market turnover reaches several trillions of dollars..

The growing gold mining industry has opened up the forefront of attractive investment at 10% per annum since 1971. The scalable and reliable GoldFinX business model is developed by world-class experts. The creators of the project plan for the first 10 years of the project to make a profit of $ 15 billion.

The GiX cryptocurrency, value of which is supported by the value of gold, is sold at a price of $ 2 per 1 coin before listing on CoinsBit on March 27, 2020. After initial launch of trades on Coinsbit on March 27, GoldFinX will be traded after as well on Simex and P2PB2B exchanges. Users from all over the world will be served by the Coinsbit exchange, which has fast replenishment and withdrawal of deposits from Visa and Mastercard. Simex exchange will work with customers from America. The mission of the project is to return people’s faith in cryptocurrency projects and prove that it is possible to conduct good business in this area.

Updated business model

Thanks to the advent of cryptocurrencies and the development of blockchain technologies, we have received previously inaccessible opportunities. Which, in turn, affected the conservative sector of gold mining. GoldFinX’s simultaneously meets the needs of the market, and also makes this area attractive to investors, including institutional ones.

Small mining companies are faced with the problem of expanding production, as they often use outdated equipment and ore mining methods that are hazardous to the health of workers. Without external lending, they are unlikely to be able to solve their problems. Without new equipment, as well as without competent control systems, they will not be able to increase their productivity.

Another problem is the limited employment that people who do not receive enough money from the agricultural sector to support families need. Most of them are forced to work in illegal mines without any safety and labor protection. Child labor is often used at such mines, and businessmen who control such mines sell gold much cheaper than its market value.

Deprived of safe working conditions, people often lose their health, and sometimes their lives. Unskilled workers who, due to their poverty, are not able to change their job or place of residence, and are involuntary slavery, fall into the mines.

In addition to the detrimental effects on workers’ health, illegal mines also damage the environment. The use of mercury and cyanide in gold mining significantly pollutes water and air. About 40% of the total air pollution from mercury falls on illegal gold mines.

This is due to a lack of finances and a desire to save, and also because of the low chances of obtaining a development loan. Ignoring creditors in this area of the business actually stopped it from developing many decades ago. In order to solve important problems with the working conditions of miners and to prevent environmental pollution, ASGM industry needs to be dealt with as soon as possible.

GoldFinX Solution Developed Today

GoldFinX’s blockchain can solve many problems in this area. To enable companies to attract investment through the sale of digital assets. These investments will provide businesses with the opportunity to buy high-quality equipment, create new production mechanisms or simply enter new markets that were previously inaccessible.

The GoldFinX blockchain will allow you to track gold at all stages of supply, from its production to its final destination, to verify the legality of ore mining. The totality of measures taken can increase industry productivity by 10.20 and 50 times

GoldFinX received its first experience in Côte d’Ivoire and has already managed to extract 2 kg of gold. It is expected that by the end of May it will be possible to receive 5-10 kg of gold per month. In the near future, other mines in Côte d’Ivoire will start working on the same principle, and in summer the company will open production in Tanzania and Canada. This little experience will allow the company to test the business model in practice before moving on to large volumes at the end of the year.

GoldFinX profit will be provided by 20% of the mine’s income, which in 10 years will make it possible to earn 15 billion, 2.5 of which will be in the foreign exchange reserve of the Swiss bank. This financial strategy protects the value of cryptocurrency with real, physical assets, and gives GiX the best features of fiat currencies and stablecoins.

Moreover, the purchase of GiX tokens helps to improve the working conditions of miners. It turns out that making the world a better place and doing business are not mutually exclusive things. “Doing good” is just common sense in business.

 

Tweet123Share205ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Must Hold $106,000 And $98,000 To Avoid Breakdown

Bitcoin is currently holding just above the $108,000 level and bulls are maintaining momentum after a volatile start to July....

Scott Matherson 11 hours ago
Bitcoin

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

Bitcoin’s climb past $110,000 this week has reignited a fresh round of bullish calls. Prices hit $110,150 on July 3...

Christian Encila 13 hours ago
Bitcoin

Bitcoin Consolidation Continues: 2 Key Support Levels To Watch

Bitcoin (BTC) prices showed a sideways movement in the past day producing no significant changes. Following the recent rejection at...

Semilore Faleti 14 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Exchange Outflows Continue To Rise: Investor Confidence At An All-Time High?

Opeyemi Sule 7 hours ago
Bitcoin

Bitcoin Meets Heartbreak In Drake’s Latest Track—Details

Christian Encila 8 hours ago
Bitcoin

Are Bitcoin Retail Traders Back In The Market? On-Chain Data Suggests So

Opeyemi Sule 10 hours ago

Premium Sponsors

Press Releases

  • Make $8,000 a day in stable passive income easily –...

    7 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    8 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    23 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    1 day ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.