Review on Gemini Dollar by LUIS RIVERO R
In this sense gemini dollar is one of the stablecoin that is established in…
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 dollar and that it will continue to be quoted equally.
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
