LONDON, May 2, 2016 /PRNewswire/ -- Months of speculation about a prototype cryptocurrency ended when UK based company Golden Dynasty Resources Limited announced plans for its very own cryptocurrency, the Gold Dollar, which will be launched in May this year.
Golden Dynasty Resources Limited is a globalized gold asset management company. Apart from mainstream investment such as bullion and gold futures trading, the company also participates in physical gold mining projects. The latest acquisition is one that is situated in Zambia with an estimated area of 10 square kilometres.
With the emergence of cryptocurrencies since 2009, the global market has witnessed the launch of many altcoins. The Gold Dollar stands out from the rest due to its capability to back its fundamental value with the value of the gold reserves from its currently owned Zambian goldmine. In addition, the market value of the Gold Dollar will be pegged to the gold price. As such the Gold Dollar promises to be a hit because of the current upward trend of gold.
Altcoins traditionally face a high entry barrier if they are to garner support of its value through a physical asset. This is not the case for the Gold Dollar as explained by a Golden Dynasty spokesman: "We foresaw the tremendous potential in the cryptocurrency market a few years back and have since commenced plans to make such a launch. We are by far the only corporation in the world currently able to back an asset class (the Gold Dollar) in such a manner. We remain positive that the Gold Dollar shall take the market by storm once it is launched."
US market experts have collectively expressed positive reviews about the Gold Dollar and believe this ground-breaking launch will likely start a brand new era in the cryptocurrency arena. Initial assessments rate the value potential of the Gold Dollar at US$500 per Gold Dollar within an investment horizon of one to two years after launch. They are of a general view that if the Gold Dollar is able to conjure up global popularity, it is definitely a new force to be reckoned with within the next two years.
The Gold Dollar will officially launch on 18 May 2016. Keen parties may pre-register their interest with Golden Dynasty this month.
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SOURCE Golden Dynasty