The latest in the lineup of digital currency is the Ethereum Gold, which trades through ETG tokens. The currency was founded by Pablo Lee and a team of marketing and programming experts. Thus, there is plenty of reason to believe that the Ethereum Gold will do well in the coming months. The currency is based on the Ethereum blockchain. The promoters wanted to display the best features of the blockchain to users, and thus decided to launch the Ethereum Gold.
The coin launch was announced in October 2017. Users love the Ethereum Gold for its diverse applications. The currency uses a smart contract-based system to conduct transactions. There are total 24 million ETG tokens of which half are in circulation. This offers investors opportunity to snap up the coins while ensuring that there is no loss of currency value. The currency was distributed via airdrop, and users registered for it through twitter. Thus, there is no oversupply of the currency, and the prices are stable.
The roadmap has been recently released. Users are expected to be given a wallet that will help them carry out transactions using their computer or phone. The promoters aim to offer a currency that is faster in terms of transactions. Also, the transaction fee is minimal. These two are the major advantages that the Ethereum Gold offers over other digital currencies including the bitcoin. Users will also find the faster transactions to be a great feature when compared with the steep credit card processing fees and slow bank transfers they deal with during online shopping or sending remittances.
The currency is mint new, so there is much scope for early investors to join in. While some investors got the large chunk of the total tokens through airdrops, once the currency is listed on exchanges, or the mining starts, more users can look to earn the ETG tokens. The promoters took inspiration from the comparison between bitcoin and gold, in terms of value. They developed a currency that would show the ethereum blockchain in a similar light. Thus, it is expected that promoters would do everything to make the ETG stable, as well as easy to exchange – something gold is known for. Investors are watching how the currency develops. Those who signed up for the first airdrops are in a position to take advantage when the currency is formally launched for trading.
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