Prior to buying cryptocurrency or building the long-term investment plans, you are encouraged to read a brief description of the token (stablecoin) Gemini Dollar".
Gemini Dollar is:
a cryptographic token that is issued by a New York Trust Company, its market rate is "strictly" pegged to the US dollar in a ratio of 1 to 1;
is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens.
Gemini Dollar is a coin with a stable value that combines the creditworthiness and price stability of the U.S. dollar with blockchain technology.
cryptocurrency is regulated by US government authorities, in particular the U.S. Securities and Exchange Commission(SEC) and New York Department of Financial Services.
As an ERC20 compliant token, the Gemini dollar can be transferred on the Ethereum network.
Gemini Dollar payment functionality works on the principle of ensuring an equilibrium level of liquidity. Gemini dollars are created at the time of withdrawal from the Gemini platform and “destroyed” at the time of deposit into the Gemini platform. So, there is no additional, uncontrolled issue of the token, which supports its stable exchange rate against the fiat US dollar.
Within the framework of the system and blockchain network infrastructure of Gemini Dollar , the user can:
Perform any financial transactions, transactions within the DeFi network without any restrictions, in a completely secure environment and relative anonymity;
Receive additional income, including fixed income due to the functionality of the DeFi network on the landing or staking services of the Gemini Earn platform and its special options for registered users;
no commissions for all types of financial transactions in Gemini Dollar token network.
the transaction is almost instant, regardless of the amount, currency, geographical location of the user and his counterparties.
It is supported by dozens of protocols, applications and payment services, cryptocurrency exchanges, wallets, and DeFi network exchangers.
Transparency of the platform - a full audit of reserves in U.S. dollars is published monthly by an independent registered accounting firm, BPM LLP, and smart contracts on Ethereum protocols are audited by the Trail of Bits project, a leading firm engaged in research and development in the information security field.
The founders of the Gemini Dollar project are Tyler Winklevos and Cameron Winklevos. They are twins actually that is why the name of the token is "Gemini".
They are graduates of Harvard University (2004). They obtained the bachelor's degree in economics there and MBA degree at the Business School of Oxford University (UK).