The platform, which has been in development for two years, addresses three main challenges in the world of cryptocurrency: hyper-volatility; wealth diminishment and account vulnerability.
Breaking down cryptocurrency barriers
The Gigzi whitepaper emphasizes the often documented, hinderance of cryptocurrencies. It says that market volatility is one of the key reasons for obstructions in the crypto space. This is despite the total market capitalization of digital currencies exceeding US $800 billion (early 2018) and the increase in blockchain technology investment surpassing US $930 million in 2017.
Precious metals and iris recognition technology
Gigzi says that with the backing from the ‘relative constancy’ of precious metals and iris recognition technology, protection, security and stability can be provided. Four crypto-assets operate on the Gigzi platform. These are: Gigzi Black, Gigzi Metal, Gold and Silver, all of which operate on a decentralized network supported by a wallet, an exchange and a Treasury. The wallet supports all major cryptocurrencies and because of the iris recognition technology developed with IriTech, security is increased.
Another feature of the ecosystem is the exchange which enables transactions and exchanges between Gigzi’s own assets and other supported currencies, including fiat.
Following completion of Smart Contract development and the formal partnering with IriTech, the full system will be almost complete when the crowd sale begins. The Gigzi main ICO will take place from November 23rd until December 31st. The total amount of tokens is 1,000,000,000 and there is an initial token price of $0.6000. 1 GZB = 0.0025 ETH. Accepted currencies are ETH. For more information on the sale visit the Gigzi website.