GYO is money. It is a gold-backed medium of exchange, marrying the benefits of a distributed ledger with a tangible asset which has been universally valued as money for 5000 years. Find out more about this here.
The GYO solves the no. 1 problem which has been preventing even a single example of a cryptocurrency emerging as a transaction currency; in other words: money. Money must be a store of value over time and there must be a transparent process whereby the money-supply can grow as the economy grows; a process grounded in the free market.
What are the use cases of GYO?
GYO is designed to be a medium of exchange for all monetary transaction purposes.
Owning GYO means you own gold; the GYO is simply a high-tech claim on that gold.
What is gold worth in terms of GYO?
1000 GYO to 1 Troy Ounce of gold.
What is the GYOα?
The GYOα is an investment token purely for the purposes of our pre-sale/ICO. GYOα will be redeemable for GYO over time (as gold reserves grow), guaranteeing pre-sale investors a future claim to gold.
GYO will be offered during our main sale. Please refer to the roadmap for timelines. The GYO is our utility token, our money; fully redeemable for gold, as well as silver, though the latter incurrs a 1% metal conversion fee.