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Gemini Dollar Review

13

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Average

Revainrating 4 out of 5  
Rating 
4.0
Crypto Projects, Stablecoins, ERC20

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Description of Gemini Dollar

Gemini Dollar (GUSD) is a cryptocurrency and operates on the Ethereum platform. Gemini Dollar has a current supply of 611,139,702.82 with 607,049,883.35 in circulation. The last known price of Gemini Dollar is 1.00513667 USD and is up 0.38 over the last 24 hours. It is currently trading on 88 active market(s) with $655,665.65 traded over the last 24 hours. More information can be found at https://gemini.com/dollar/.

Reviews

Global ratings 13
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Type of review

Revainrating 4 out of 5

Gemini Dollar vs Tether

Gemini Dollar is a stable crypto currency issued by Gemini, which is among the popular cryptocurrency exchanges of the USA. 1 Gemini Dollar is launched to equal 1 USD. It is a situation made not to be affected by price fluctuations. Gemini secures crypto assets to protect its users. So it covers insurance. The dollar stores its deposits at the State Street Bank, thus securing users' assets. Gemini says Gemini Dollar will rise to Tether levels, but that is of course very difficult. Tether has a

Pros
  • 1: 1 dollar fixed
  • I believe it will improve
  • Protected against price fluctuations
Cons
  • Tether's presence in the market prevents the development of stable money

Revainrating 4 out of 5

Evaluation of the prestige of Gemini dolar and its highlights

Gemini is a stablecoin created by two billionaire brothers of the Winklevoss family. Gemini is also the number 1 stablecoin on Gemini - a reputable US exchange. Like most other stablecoins, GUSD runs on the Ethereum Blockchain platform, the anchor ratio is 1: 1 to the USD. This is a reputable stable coin, licensed to operate by the New York finance department. The mechanism for converting GUSD to USD will be through a Stake street service bank, all printed GUSD tokens are deposited with…

Pros
  • The exchange mechanism is transparent, has the backing of the Gemini exchange and it is licensed by the US Department of Justice.
  • High liquidity, Gusd is listed on many major exchanges
  • It has the partner of the big bank Stake street, every circulating supply of GUSD is strictly controlled
  • Gemini has hired third parties to do security checks such as GUSD's monthly audit
  • Stable with market volatility
Cons
  • Users outside the US have difficulty converting GUSD to USD and vice versa
  • GUSD has too low total supply compared to USDT, USDC ..
  • Since it is an ERC20 token, it will incur large shipping fees when ETH gas increases sharply
  • There is no derivative product that uses GUSD as a base copper
  • There is much competition from new stablecoins like BUSD

Talking about this project, Gemini Dollar, it is stable coin and as you should know, it is the cryptocurrency project of the Gemini exchange and also an ERC-20, that is, it was built on the Ethereum Blockchain technology which is, by my personal view, the best Blockchain technology so far. I also got to know that this project, Gemini Dollar, is the first stable coin in dollar, to be backed by the United States itself apart from all other cryptocurrencies like Bitcoin BTC. Actually, I got to…

Pros
  • It is a nice project.
  • It is built on a perfect Blockchain technology.
  • It is backed by the United States.
  • It has a nice trade volume.
Cons
  • None.

Revainrating 3 out of 5

Gemini Dollar: is a steady digital currency project.

Gemini Dollar (GUSD): is a steady cryptographic money project, it has a business esteem 1 will be 1 regarding the authority US cash, its biological system of activity permits it's anything but a flexible cash and is created forever exchanges and installments, since it was thought and controlled with a generally utilized revenue for business reasons for enormous monetary developments, it is a decentralized venture with a solid help of blockchain innovation, it's anything but an undertaking has…

Pros
  • It is a task that guarantees and sells a great deal of monetary security, it is planned simply to save in this kind of cash as it is a steady undertaking.
  • Its versatile application has the most recent age innovation, and permits to safely ensure the capacity of your tokens, and has a wide list of accessible trades.
Cons
  • It is a task that has a great deal of monetary contest, and is engaged with an extremely powerful market, it needs more help.

Revainrating 4 out of 5

Implemented platform to reduce potential fraud risks.

We now take a look at a digital asset called the Gemini Dollar. It was published in 2018. It also conducts its work on the Ethereum chain. Its tokens are stored in a bank in the city of London, linked to the insurance system. The users of this project are connected to the network so that the Gemini platform can adapt the offering on the networks. In my research, I saw that his website was available. The coin process and its trading is based on smart contracts and is hosted on the Ethreum…

Pros
  • Digital platform.
  • Convenient for your transactions.
  • Reduces risk opportunities.
Cons
  • Few reviews.

Revainrating 3 out of 5

My thoughts on the ship's dollar.

The ship's dollar was created in 2018 and its level is 1: 1. Because the ship is located in the ethereum system, it will ensure that the GUSD Tennis Manufacturing Smart Position contracts are implemented in a timely manner. Gemini Dollar (GUSD) is heavily supported by the US Dollar. There is a possibility that the ship's dollar will be in the notebook and it will be easy to send or e-mail money. The number of shipyard users is increasing day by day and it has been very difficult to get…

Pros
  • GUSD is always the equivalent of $ 1: 1 in the US.
  • The price is unbeatable.
Cons
  • In between, the money will be los

Revainrating 3 out of 5

The Winklevoss Brothers And The Gemini Dollar

The Gemini dollar is an ERC 20 token built on the Ethereum blockchain network. Gemini dollar (GUSD) is also a U.S. dollar backed stablecoin that is even actually approved by a regulatory body in the USA. No doubt the name Gemini should ring a bell when you hear it. The Gemini Trust Company which issues the tokens is owned and run by the Winklevoss brothers who also own the Gemini trading and exchange platform. The brothers have succeeded in establishing a conducive environment for crypto…

Pros
  • The price of GUSD is stable and not susceptible to volatility
  • GUSD is an ERC 20 token and can be stored in mobile wallets that support Ethereum
  • The currency is safe and is legally regulated and audited by authorities
  • GUSD is on par with the US dollar
Cons
  • Might not really be profitable for investment because the price is stagnant

Revainrating 4 out of 5

Gemini Dollar: is a stable cryptocurrency project.

Gemini Dollar (GUSD): is a stable cryptocurrency project, it has a commercial value 1 is 1 with reference to the official US currency, its ecosystem of operation allows it to be a very versatile currency and is developed for all time transactions and payments, since it was thought and regulated with a widely used interest for commercial purposes of large financial movements, it is a decentralized project with a strong support of blockchain technology, its growth as a project has more than 3…

Pros
  • It is a project that promises and sells a lot of financial security, it is designed purely to save in this type of currency as it is a stable project.
  • Its mobile application has the latest generation technology, and allows to securely guarantee the storage of your tokens, and has a wide catalog of available exchanges.
Cons
  • Currently suffered an attack that left him bad publicity, in the Google play application store you can see many direct criticism of his project because his image was used fraudulently and without authorization.
  • It is a project that has a lot of financial competition, and is involved in a very very dynamic market, it requires more support.

Revainrating 5 out of 5

Gemini Dollar: a stable currency with many advantages

Gemini is a digital asset dating from 2018; Its value is balanced with the US dollar in a ratio of 1: 1 and whose operation operates on the Ethereum chain through the execution of smart contracts. Token: The GUSD token is guaranteed by dollarized reserves held in a banking institution in the city of London. GUSD is an ERC-20 token of Ethereum. Additionally, it is affiliated with an FDIC deposit insurance system. Functioning: The FIAT USD to Gemini dollar currency conversion system…

Pros
  • Is backed by the US dollar
  • It is a currency of stable value
  • It does not have a maximum supply established
Cons
  • It has no disadvantages

Revainrating 4 out of 5

Regulated Stablecoin

Gemini Dollar is a governed cryptocurrency fixed to the US dollar at 1:1 and distributed by Gemini Trust Company, a company that runs Gemini digital currency exchange. GUSD is a stable coin that ties the conventional financial structure to the fast-moving crypto ecosystem. It integrates the security of value and the credibility of the US Dollar and provides fast global transactions. Its US dollar reserves are maintained in the U.S. bank and are qualified for FDIC Pass-through Deposit Insurance.

Pros
  • Pegged at a 1:1 with the US dollar
  • Supported by Gemini Trust Company
  • Integrates traditional banking and crypto economy
  • Regulated by the New York State Department of Financial Services
  • Price stability and credibiliy of the US Dollar
Cons
  • As a Stablecoin, not suitable for trading
  • Severe competition

In General, stablecoin Gemini Dollar looks quite promising. So far, it is difficult to make long-term forecasts. But there is a chance that in the future it will become one of the main means of exchange between the blockchain and classical financial systems.

Pros
  • in theory, the price of the described cryptocurrency is fixed and tied to the us dollar. Fluctuations in other similar assets (BTC, ETH, etc.) do not affect its rate. Tokens are created on the basis of the Ethereum blockchain. They use the ERC-20 standard. When you run the project the ICO and presales have not been conducted. There was a closed sale, but its results were not disclosed. The system works on the basis of smart contracts that control the process of issuing tokens. The cryptocurrency code is open for verification by all interested parties. Every user with the necessary knowledge can test it for errors. The same applies to smart contracts used in the system. Currently, GUSD is the top steilcoom. It is available for purchase and sale on most major cryptocurrency exchanges. Have a Gemini is no Dollar maximum emission. The number of tokens in circulation is equal to the USD reserve created to maintain this cryptocurrency.
Cons
  • Centrality. According to one of the critics, the authors of GUSD are able to stop supporting this cryptocurrency at any time. The presence of a large number of competitors. In particular, it is necessary to remember about Tether. This stabilin already managed to ruin your reputation, but still extremely in demand in many markets. Serious rivals are new tokens that appeared simultaneously with Gemini Dollar. Low demand among traders and many investors. The asset price is pegged to the us dollar. Therefore, its price will not change as actively as, for example, the price of bitcoin or ether. Therefore, the coin is less in demand.

In this sense gemini dollar is one of the stablecoin that is established in the United States, where each token is backed by American dollars. The most interesting thing about this project is that our cryptocurrencies do not move at the same pace as the other crypts that depend on the price of the token and how it is quoted in the market, since it will always be a dollar. We can keep our money away from the bancon and send them anywhere in the world knowing that for every token we will send a…

Pros
  • It is backed one by one by dollar token, its price according to your market quote will always be 1 dollar. It is an ethernet token so it can be integrated into almost any exchange. The token is supported by the company Gemini Trust Company, located in New York, which supports the reliability of the project. Audits are conducted monthly to provide stability in the support and be 1 to 1 regarding the amount of money in the bank and the number of available tokes. You can send money to any part of the world knowing that quantity will be sent because the price will always be a dollar.
Cons
  • This type of cryptocurrency maintains its stable price, which is why it is not for investment. despite being available in many exchanges his peers are limited. It is possible that it is not really supported multiple signatures indicated this with other stablecoin

Regarding the advantages, Gemini defined Dollar more protected. It is regulated by the US government, audits are constantly conducted, smart contracts are thoroughly checked. It is also worth noting that the Winklevoss brothers have an excellent reputation, unlike Tether. The latter are constantly accused of manipulating the price of bitcoin, suspicious connections with the Bitfinex exchange and the lack of evidence of a Fiat reserve. Moreover, Winklevoss actively develop its cryptocurrency…

Pros
  • It is the world's first regulated stable cryptocurrency. The Gemini dollar is the creditworthiness and price stability of the USD, with blockchain technology and regulation from the us Supervisory authority. Simple and clear mechanism of Gemini Dollar. That is, it acts as an investment instrument, and it is also created at the time when the user makes a Deposit. It works as follows: Holder will initiate the withdrawal of their funds from the account of Gemini on account of the Ethereum. Inside the network, a GUSD is created, then the dollar amount is debited from the balance, and the Ethereum is sent from the account to the user's address.
Cons
  • Perhaps the only drawback of GUSD is the fact that IT is built on the Ethereum platform. Let's be Frank: at the moment the ether has serious problems with scalability. The recent history of CryptoKitties showed us that one game can derail the entire network. It is hoped that the Butorin team will be able to solve all the existing problems with the help of updates. In defense of Ethereum, we can say that the fees for transactions in the network are quite low. If we consider stablecoin as a tool to transfer value, no one will want to pay high commissions at a loss.