JOYSO launched gold pegged cryptocurrency, GramGold Coin, to provide alternatives to trading crypto assets

Editorial & Review Staff

Editorial & Review Staff

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JOYSO, the world’s first hybrid exchange, had listed GramGold Coin, a stablecoin backed by gold. Gold is considered as hedging instruments in traditional financial world. A GramGold Coin is pegged to the price of 1 gram of gold, as an alternative for investors to trade.

JOYSO’s spokesman commented “JOYSO would like to provide diverse digital assets to our users, so they could hedge risk and allocate their portfolio without converting to dollars. JOYSO has started to provide USD-pegged assets, like USDT, Dai and TUSD and with GramGold Coin we can provide more diversity. With the spirit of diversity and distribution, we collaborated with GramGold Coin to launch the first gold pegged stablecoin on our exchange.”

For those investors who own several digital assets, buying GramGold Coin may be a cost-efficient option than converting to dollars. Besides, GramGold Coin buys and stores gold from Bullion Star, a verified Singaporean gold voucher, providing a guaranteed environment.

Investors who trades on JOYSO are not required to register. As long as the user possesses digital wallets he/she can start trading immediately. This makes the trading process smoother and faster while staying anonymous. Users will retain custody over their own digital assets in return reducing the risk of being hacked.

JOYSO – World’s First Hybrid Decentralized Exchange

JOYSO, founded by Tom Soong, is a hybrid decentralized exchange platform launched in May 2018. It completed its ICO March 2018. JOYSO offers off-chain matching and on-chain settlement of real time orders with high priorities on user experience, security, and efficiency.

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JOYSO Marketing Director | Gerald Chan | | [email protected]

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