What Is Web3Gold (WRB3G)?
Web3Gold – a world which you can navigate with the most stable currency of all time – gold. They provide a combination of the precious metal and the BEP-20 token, creating a digital currency, thanks to which the global community creates a new economic system in the digital world in which it finds the best fit.
Due to several factors that you will learn about later in this Whitepaper, Web3Gold Coin is a project with lofty goals and a bright future. They want everyone interested in initiative to look at it with full hope and respect the values that lie at its foundation. They invite you to read the other parts of this document.
Project Model
They intend to base the entire project on a two-token model – initially we will issue $W3GOLD tokens, which represent the idea of the entire project and allow to collect the resources needed to implement the concept. Then, after a few months, they will issue $WGOLD, pegged to physical gold that will bring long-term value to investors. The funds raised with the $W3GOLD will serve as a tool to create internal certified gold reserves.
Vision
Web3Gold’s vision is to become a pioneer among cryptocurrency projects. Every project in the altcoin market is the same, doesn’t offer any innovative product. However, we do not plan to issue tokens with empty value, but to issue a $WGOLD token based on physical gold. Thanks to this, we will create a product for investors with which they will be able to secure their assets in hard currency, gold. We plan to reach $100M in market cap over the next year. We believe that to achieve mass adoption of blockchain and cryptocurrencies, they need hard assets to be transferred to blockchain. When other companies and investors realize this, they will be at Web3 for a long time, serving hundreds of thousands of customers.
Mission
The mission is to create innovative products that create real value for society. We say a firm “no” to most altcoins, which bring no added value to investors and where people lose money. The mission is to create a digital safe haven for digital assets. They believe that with the increasing digitization of the world, such solutions will be more and more needed. By transferring hard assets such as gold and other precious metals to blockchain, they will create value that will benefit the community of the entire project.
Token BEP-20
The phrase “cryptocurrency” describes a unique virtual money token or unit of measure for cryptocurrencies. These tokens represent assets or services that are fungible, tradable, and have their own blockchains. While cryptocurrency tokens are often used to raise money, they can also be involved in other situations. Tokens are often produced, offered for sale, and traded using the typical initial coin offering (ICO) procedure, which involves a campaign to raise money for project development.
Cryptocurrency tokens are a subset of cryptocurrencies that exist on a blockchain and represent an asset or a specific application. Tokens can be invested, used as a form of storing value, or used to make purchases. Digital money known as cryptocurrencies is used to speed up transactions (such as sending and receiving payments) on the blockchain. Cryptocurrency tokens and altcoins are two sub-types of cryptocurrencies with separate uses.
Token utility
The main utility for the $W3GOLD token will be long-term storage and staking, i.e. multiplying the number of tokens while reducing the circulating supply of the token. In the future, team will provide an application to transfer $W3GOLD between blockchains, opening up to new communities. In addition, they plan to launch the entire web infrastructure that will allow swaps, first in pairs to assets on the BNB Chain, and then crosschain.
Tokenomics
From the beginning of building the project, we were guided by the goal of creating the most fair conditions for investors, thanks to which they will be able to maximize their profits at DeFi in the coming years. The very low transaction fees that we impose will undoubtedly have a positive effect on the advancement of the project. By doing this, we will certainly attract more investors, which will positively affect the development of the entire project. Additionally, they spend a significant part of the funds on marketing to promote the ideas of the project and reward token holders. In addition, we ensure that token inflation is stopped by cyclical burning, which will reduce the number of tokens in circulation.
Security
The safety of users is of utmost importance to us. They want investors to easily and safely use our products and exchange digital gold without unnecessary obstacles and worries. That is why they have taken special security measures in the form of financial and technological audits to protect users.
