Golden Currency is the name of the project of issuing and developing golden, the first fully functional private currency for cash and non-cash payments (100% backed by gold), as well as a convenient modern infrastructure for its use based on blockchain.

Golden currently is the only 100% backed by gold currency in the world. In addition, it is non-national, it does not depend on political or economic situation of any particular state, but has a number of other advantages. Due to its reliability and all other advantages, golden can become one of the leading world currencies.

Golden uses the advantages and technologies of crypto-currencies. For example, blockchain form (ERC20 Ethereum) of golden is already available. Also, golden infrastructure will provide a convenient link between crypto-currencies and golden. But at the same time it is not a crypto currency. it is real money.

Yes, sure. The ability to exchange golden for gold, in our opinion, is one of the most important elements of ensuring the reliability of the currency. Therefore, special attention is paid to maximizing the reliability of gold storage and the possibility of getting gold bullions in exchange for golden. Detailed terms for such an exchange will be presented in the emission memorandum of the currency, there may be restrictions on the minimum volume of gold to exchange, as well as the commission for exchange.

An important element of reliability is ensuring the most reliable and transparent storage of gold reserves. The following will be used to achieve it: a) diversification of gold storage, b) establishing an independent legal structure that ensures the storage, audit and management of the gold reserve, c) use of blockchain for gold control and management, d) attracting the world's largest auditors for systematic inventory audit, e) attracting the wide community to additionally control the gold reserves (for example, it is examined an opportunity of using the DAO, decentralized autonomous organization, and attracting investors and owners of golden to an additional independent participation in such a control).

Individuals will use golden as money, as a means of payment and savings, with a passive income from the growth of the exchange value of gold. Investors will use golden as a hedging tool used to diversify the portfolio. Cryptotraders will use golden to fix their rates of crypto-assets, when the market is volatile, and to enter back the market later, with minimal commissions. E-commerce, legal entities and private individuals - will use golden as a means of payment for goods and services, especially convenient for cross-border transactions. Contracts can be fixed in golden, as an understandable, stable and reliable currency. To governments of emerging countries, unrecognized states it can become a transitional, stable currency.