When it comes to investment what do you think is best with Puregold – as transaction means, storing for a rainy day or trading? Or maybe more than one?
Hello,
PGT can be used to pay or offset transaction fees whenever the token holders perform any transactions on the Gold Commerce platform. These transactions could be buying of gold with fiat, selling of gold or making payments to merchants. It is intended that holders of PGT will benefit by being charged just 50% of the prevailing fees when PGT is used.
Puregold is building Gold Commerce Platform for a digital Gold payments era. People will be able to store, spend and exchange Gold in the same way as they could any other currency, but in a quicker, cheaper and more secured environment than what is available now in traditional bank or fiat currency.
We receive our revenues from licensing fees, transaction fees, gold trading and minting. Our expenses go for taxes, staff development, marketing, business development, fees for participating in conferences, travels, holding assets in gold - payments for gold storage, production of gold ATM. Today a transaction between persons residing in different countries can still take several days and also cost the parties a significant share of the money transferred (the average cross border transaction fee is 7.45%) as each party of the transfer chain, of which there are many, requires a small margin for theirefforts.
