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
Gemini Dollar Review
13
·
Average
Rating
4.0
Crypto Projects, Stablecoins, ERC20
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/.
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
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.
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.
Pros
- Digital platform.
- Convenient for your transactions.
- Reduces risk opportunities.
Cons
- Few reviews.
Pros
- GUSD is always the equivalent of $ 1: 1 in the US.
- The price is unbeatable.
Cons
- In between, the money will be los
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
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.
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
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
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.
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
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.
