HelloGold Review – Cryptocurrency Guide
HelloGold, according to its site, is a gold-upheld financial services supplier through the making of what it alludes to as “basic and available gold items for everybody.” HelloGold does this through creating what it alludes to as “gold-supported” cryptocurrency tokens.
What Is HelloGold?
HelloGold is a result of the HelloGold Foundation, situated in Kuala Lumpur, Malaysia. The CEO is Robin Lee, once the Chief Financial Officer of the World Gold Council. In light of his encounters in the late 1990s during the Asian financial emergency, Lee has since committed his life to developing approaches to avert comparable fiat money debasements.
With the development of computerized monetary standards, this made ready for Lee to make the HelloGold establishment in Malaysia, providing a road to democratize gold investment as a hedge against the changes of an unstable financial fall and how it can contrarily affect the valuation of fiat funds.
Lee and HelloGold is attempting to do this by pinning the estimation of HelloGold’s crypto tokens to the price of gold and after that backing each token with the equivalent physical measure of the valuable metal, put away in a vault in Singapore.
HelloGold is an investment platform that allows individuals to buy Gold-Backed Tokens (GBT), which truly entitle the proprietor of a token with a comparable measure of physical gold put away in HelloGold’s Singapore vaults.
As restricted to Malaysia, the service just allows users to buy these tokens using the Malaysian Ringgit (RM). Individuals can buy any amount of 99.9 percent unadulterated investment-quality gold starting at basically 1 RM, can either be sold back to HelloGold or shipped straightforwardly to your entryway, and is completely insured by the company against misfortune.
Additionally, as Malaysia has an expansive Muslim community, HelloGold adheres to Shariah law with regards to handling gold investments.
HelloGold charges transaction fees. Buying and selling gold incurs a 2% charge, and there is a 2% yearly administration expense (figured and charged month to month) for maintaining and keeping your gold safe in its vaults. There are likewise related reclamation fees for receiving your gold in the physical world, but these fees are unspecified as it depends upon a few different factors, for example, insurance, shipping costs, and so on.
The opportunity exhibited by HelloGold is to give roads to investing in gold through blockchain-based gold-supported tokens, securely and safely over the internet. However, since this opportunity is (for the time being) restricted to individuals living in Malaysia, the utility of HelloGold is greatly constrained except if you’re a native or an occupant.
How Does HelloGold GOLDX Gold-Backed Crypto Coin Work?
The company buys the gold for you and stores it securely. All the gold will be constantly kept in a vault in Singapore and the gold will be the property of the proprietors, not the company. The company will be just the overseer of the gold. Legitimately, the gold will be yours.
The company is authorized by all the required financial controls and it professes to be the first company on the planet to offer a gold application that it is consistent with the Shariah law.
The Hello Gold Foundation has likewise made a cryptocurrency token which is anchored by the gold in the company’s vaults, meaning that it will be more profitable as the company stores more gold. This cryptocurrency will be charged from the users in a yearly measure of 2% to keep the gold sheltered and secure.
Robin Lee (President)
Robin is the previous CFO of the World Gold Council and brings an abundance of knowledge and contacts about the gold market. He was the principal accounting officer for SPDR Gold Trust (‘GLD’), the world’s biggest gold fund, which held over US$30 billion in resources under administration. His WGC encounter includes supporting the dispatch of the world’s first exchange traded, wholesale kilo gold contract and introducing a gold savings program with ICBC which produced yearly sales of $6.5 billion.
Harith Kamarul (Secretary)
Harith was already working in field compel project administration at Great Eastern Life, Malaysia’s biggest life insurance supplier. His job secured different undertakings ranging from data handling and system work to training and occasion administration. Harith has involvement as a researcher and maker for BFM 89.9, a Malaysian business radio station, and graduated magna cum laude with a BSc in Actuarial Science from the University of Wisconsin-Eau Claire.
Roger Ward (Treasurer)
Roger is a procedure consultant, having worked at Bain and Deloitte. He likewise has encounter working in the gold industry, having worked at the World Gold Council developing technique and managing complex projects in London, Singapore and New York. This included supporting the dispatch of the world’s first exchange traded, wholesale kilo gold contract and in addition providing backing to the world’s biggest gold fund, SPDR GLD. Roger has a First Class MA Hons in History from the University of Edinburgh.
Wykeen Seet (CTO)
Wykeen was already VP at Bangkok Bank in Thailand where he drove multiple projects including Mobile Banking, B2B Gateway, International Remittance, and Credit Related Systems over a time of 8 years. Before Bangkok Bank, he was a software engineer at Digital Applications International Limited. He has a PhD in Computer Science from the University of Manchester where he finished his Master of Philosophy (MPhil) in Computer Science and got a first class in Bachelors of Science.
How To Buy HGT?
While reading this review, you must be wondering about how to buy HGT. Well, the process is quite simple and this section will help you to know how to buy HGT. At the first, you will need to find the exchanges where you will be able to bu HGT. At the moment, you can make use of HitBTC and Gatecoin to buy HGT.
HelloGold has astounding technology underpinning it, an all around regarded CEO, and has is coming off an extremely fruitful first-round investment cycle only a couple of months before this season of writing. It hopes to be balanced for progress with regards to its goals of simplifying and democratizing investment in gold as a hedge against the unpredictability of monetary calamity.
Is this company an extraordinary investment for you? If you are interested in the specific intersection of the gold and cryptocurrency business, at that point truly, this can be a good company for you to invest at the present time. The company really looks extremely capable and consistent with all the important direction to have a business like this, which is an awesome sign.
Not just this company resembles a really safe investment, particularly in the cryptocurrency market, gold itself is an extraordinary investment for you because its price by and large never abatements and it is a standout amongst the most essential financial resources of the world. Because of this, Hello Gold Foundation can be the response for you if you need to make a steady investment in the cryptocurrency market.
If you are already interested in this company, don’t hesitate to invest at the present time. The ICO of the company is already in its last stages, so if you are not quick to invest you may wind up losing the best time to buy tokens from this company and they may be exceptionally significant to you later on.
If you didn’t care for this company, recall that there are constantly other interesting organizations in which you can invest by using our blog.
Obviously, this is incredible news for everybody in Malaysia, but something else – for whatever is left of the world, really – it’s for all intents and purposes useless except if HelloGold goes worldwide.