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Gigzi is a set of interconnected digital applications and services enabling users to manage their wealth independently

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Team:

El Asmar - Founder & CEO

Fahad Shiltagh - Operations Director

Artyom Polyakoff - Technology Director

Vlad Gavriluk - Creative Director

Lera Konstantinova - Brand Leader

Nick Belskykh - Product Manager

Roman Van - Product Manager

Gigzi is a financial system that addresses three principal challenges of cryptocurrency: hyper-volatility, account vulnerability and wealth diminishment. By harnessing the relative constancy of precious metals, Gigzi protects users against the unpredictability of market fluctuations. Introducing a reliable standard of measure, enabling commerce in tokenised precious metals. Gigzi utilises impenetrable iris recognition technology for account access control, through an exclusive partnership with the world leading biometric security company. Gigzi will enable users to protect private keys and instead gain access with the unique configuration of their iris. By backing crypto-assets with pure, unfabricated precious metals that are redeemable on demand. Metal is sourced exclusively from a world-renowned mint with all investments guaranteed under law. Gigzi prevents wealth diminishment. Gigzi is comprised of four crypto-assets that are both unique.

Expert Review

TokenTops
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4.5 out of 5

Gigzi wants to create a financial platform that can offer stability, security and wealth protection on the Blockchain. The developers behind the project have noticed that even though the total market capitalization of cryptocurrencies has been increasing rapidly in recent years and there are many investors making big money out of it, the sole technology and most of the blockchain-based projects out there struggle in terms of global and mainstream adaptation. The main problem could be the high volatility of cryptocurrencies. You can never be sure how much your assets will be worth the next day, because of all of the rapid price changes. That's why Gigzi proposes a special type of stable coins, which are cryptocurrencies with value based on precious metals. There are three types of coins: Gold, Silver, Platinum and each coin represents a one gram in particular metal. Moreover, the project not only promise to connect the value of tokens with real assets, but the investor can easily redeem their tokens for real physical metals and have them delivered in forms of bars. There is also a regular cryptocurrency GZB, which plays by the market rules, however it can be always instantly exchanged for one of the stable coins. Therefore, some of the investors can try to profit on market price changes and secure them by exchanging to these stable coins. Apart from this, they also wanted to take on the security of blockchain-based project and in order to improve it, they added a biometric scanner to their wallets. A hardware iris scanning device, Gigzi Iris is created and issued to enable this functionality. The team has a good size and the overall appearance, content of the whitepapers and information provided on the site are on a quite good level.

User Review

Write review 2 reviews
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El Asmar20 october 2018, 17:54

Gigzi is a financial system that addresses three principal challenges of cryptocurrency: hyper-volatility, account vulnerability and wealth diminishment.
• Stability
By harnessing the relative constancy of precious metals, Gigzi protects users against the unpredictability of market fluctuations. Introducing a reliable standard of measure, enabling commerce in tokenised precious metals.
• Security
Gigzi utilises impenetrable iris recognition technology for account access control, through an exclusive partnership with the world leading biometric security company. Gigzi will enable users to protect private keys and instead gain access with the unique configuration of their iris.
• Wealth protection
By backing crypto-assets with pure, unfabricated precious metals that are redeemable on demand. Metal is sourced exclusively from a world-renowned mint with all investments guaranteed under law. Gigzi prevents wealth diminishment.
Gigzi is comprised of four crypto-assets that are both unique and complementary, they operate on a decentralised peer-to-peer network and are supported by three core applications: a Wallet, an Exchange and a Treasury. Together, they empower users to independently manage wealth.

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ICO Review14 october 2018, 18:29

Why I like the idea of pegging the value of their cryptocurrencies to real world assets, I'm not sure if it will catch on with the community that easily. I mean, if people want to invest in precious metals, there are numerous mainstream platforms and solutions that are all organized, trusted and well-established on the market. We need to understand that not everyone will want to trust some random blockchain-based project on the internet with their investments when they can buy silver or gold with the help of their national financial institutions and so on. However, I can see many cryptocurrency investors benefiting from the fact that they can easily swap and exchange between a volatile crypto coin and stable metal-based currency. If they play it well, they will be probably making some good profits with the price changes of all of the assets, so they may enjoy such project.

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