Category: Blockchain

Taurion Cubit Faction Coins

Virtual currency designs for a more beautiful blockchain experience.


The team at Goldsmith Money are excited to unveil our first virtual cryptocurrency series.

In honour of the rapidly expanding blockchain gaming ecosystem Taurion, we have minted our first range of virtual tokens, which we are calling our Taurion Cubit Faction Coins – or Cubit Coins for short.

Cubit is a dark and rich precious metal native to the harsh, yet resource rich planet of Taurion.

Cubit is rare, malleable and remarkably beautiful, making it an ideal medium of exchange on the planet.

Naturally Cubits are highly prized by all 3 factions currently occupying the planet. Their prospectors, miners & craftsmen alike, all strive to amass their cubit fortunes. Not to mention the thieves, raiders and pirates who have also made the planet their home.

Wars will be fought over Cubits and the battles will be rife. For some, Cubits will mean success and wealth beyond measure. For others, cubits will mean a lifetime of failed pursuit and shattered dreams.


Cubit Faction Coins – Series 1 (2020)

Artist – EDX Designs


The Reubo

From the water covered planet of Aquarion, this genetically enhanced race of seafaring villagers, now seek land, minerals and cubits on the desert planet Taurion.

Most certainly out of their watery comfort zone – will Reubo technological prowess be enough secure them success on Taurion?


The Jodon

With a strength forged in the lava pools of Lionis, the Jodon are brutal and uncompromising. Answering only to Baron Vostok himself, the Jodon will do whatever they must to ensure this authoritarian regime thrives in this new world.

Alternatively – could Taurion mean an end to the political class warfare, which has plagued Lionis for so many centuries? Whispers are – a ‘cubit revolution‘ is afoot.


The Ephrati

Their home, the lush forest planet of Verdis, is a vision of beauty within a canopy of death. Both flora and fauna can kill in an instant. Regardless, this final race of Earth descendants, is both enterprising and motivated and have managed to tame the planet and survive.

As proponents of free markets and capitalism, will these masters of trade and commerce be able to overcome the strength and technological superiority of the other two factions? Time will tell. And time has historically been a friend to expanding republics.


Get your own custom Cubits!

These are the Taurion Cubit Faction Coins – Series 1 (2020).

If you would like your own customised cubit coin/s, with your own branding / avatar image on the front – please reply to this post with an expression of interest.

Virtual Mint (GM Virtual Mint)

The GM Virtual Mint webpage is currently in production. We hope to have the catalogue page up and running soon. Here you will find all our customisable virtual currency mintings, for your blockchain business, branding and pleasure needs.

GOLDSMITH


via GIPHY


Learn more about the current Taurion Treasure Hunt here.


Gold on the blockchain

INFINIGOLD: Perth Mint Gold Token


Those of the Financial Awakening appreciate two things – the first is GOLD; the second is BLOCKCHAIN. The merging of the two was simply a matter of time. How this merging would take place was all that needed to be determined.

We thought it would have stemmed from the US. New state based precious metal depositories have been built over recent years. We assumed one of the depositories would have then established themselves on a blockchain. Allowing citizens to transact in gold and silver backed tokens, convertible for the metal held in the depository.

We have no doubt that this will still take place. However, it appears that the first institution to take their gold vault to the blockchain may be Australia’s PERTH MINT.

INFINIGOLD has released its Whitepaper 1.1. In collaboration with the Perth Mint they are taking the GoldPass digital certificate to the Ethereum blockchain, as an ERC20 standard token. The token has been aptly named the Perth Mint Gold Token – or PMGT for short.

Each PMGT token is backed by a 1 ounce GoldPass certificate, which is in turn redeemable for 1 ounce of physical gold at the Perth Mint.

Whilst stored physical gold is not allocated to each certificate, the Perth Mint claim that they have the gold available to meet any redemption request. It is also noted that the mint is guaranteed by the state Government of Western Australia – providing addition credit security.

So what do we make of this?


The PMGT is a terrific development for the cryptocurrency industry!

Tokens backed by physical assets will enhance public perception of cryptocurrency generally, as the tokens are now without doubt, a store of value. In time this should encourage more adoption of the tokens as a medium of exchange, outside of the failing fiat systems.

The PMGT could be good investment vehicle for some – just buy and hold. Though if you want to buy and hold gold – wouldn’t it be better to just buy and hold physical? Perhaps.

PMGT will be available for purchase on selected cryptocurrency exchanges for account holders who have satisfied the necessary KYC identification requirements. This in itself will limit early take-up. Once purchased however, these tokens can be moved onto the Ethereum blockchain to be transferred and traded within.

Redemption for physical gold would need to take place back at a selected exchange. This may not deter interest in the tokens though, as many would not be interested in converting anyway. Instead they may be simply looking to peg some of their cryptocurrency wealth to the price of gold – and the PMGT may be an ideal solution.

However, if the desired purpose of the token is everyday trade – forget it. A single transaction on the Ethereum network is costing as much as $US20 at present. The network is being pushed past capacity by the current exploding DeFi demand. The high transaction costs and network limitations will crush any chance of PMGT replacing fiat currency as an exchange medium.

In many ways it is a shame InifiniGold selected the slow and overworked Ethereum network to build their product on. There are so many other options now. In fact, one of our two favourite blockchains, Telos, is already capable of running thousands of transactions per second, with all transactions being feeless.

Furthermore, the Ethereum Virtual Machine (EVM) is built upon Telos, allowing token developers to continue to use their Ethereum style coding, on this profoundly more capable public ledger.

In the end…

the PMGT is certainly a step in the right direction, on the path to Good Money.

You can find more information on the PMGT here.

Have a wonderful weekend all.

GOLDSMITH



Looking for more information on GOLD, try…

And for more information on BLOCKCHAIN, try…

What is DeFi?

happy young couple doing purchase on internet together at home

And is it the hottest ticket in cryptocurrencies?


According to an article by Mr Jeremy Eng-Tuck Cheah, published in The Conversation, on 26 August 2020… it very well could be. Link here.

DeFi stands for Decentralised Finance and according to Mr Cheah, this financial industry has grown from US$2.1 million to US$6.9 billion in the past 3 years.

DeFi refers to and I quote…

… financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.


happy young couple doing purchase on internet together at home
Photo by Andrea Piacquadio on Pexels.com


DeFi smart contracts began with the Ethereum blockchain network and have now evolved into much, much more – encompassing a wide range of blockchains and decentralised applications (Dapps).

Lending, trading, cross-platform trading, derivatives, currency pegging and hedging are all being done within smart contracts; and, are but some of the use cases.

In a recent announcement by the Telos blockchain – they will be providing the infrastructure to tokenise a EURO 30 million property in Croatia. In partnership with Dapp development platform Katalyo and other stakeholders, they plan on tokenising both the property ownership and the rental revenue income. Another new example of DeFi in action. Article here.



In a YouTube broadcast last week (embed below) we discuss both the above articles and the financial opportunities that continue to arise in the blockchain and cryptocurrency industry.

Enjoy the video and remember the term – DeFi. For you will be hearing it more over the years to come.

GOLDSMITH.




What is Blockchain?

Check out one of our recent blogs on just this topic.



Cryptocurrency Tokenomics

Understanding the economics of the blockchain.


Previously we have discussed the characteristics of Good Money and the reasons that Cryptocurrency could be considered Good Money.

The value of a cryptocurrency is derived from what has been coined, its ‘Tokenomics’. A portmanteau of the words ‘Token’ and ‘Economics’.

The tokenomics of a cryptocurrency consists of a large range of inputs, all of which impact its value in the decentralised market place. Inputs with respect to the characteristics of Good Money include:

  • Number of tokens in existence – Scarcity.
  • Energy inputs into token creation – Difficult to create.
  • Number of users / transaction frequency / future use potential – General Acceptability.
  • Security of chain and code – Indestructibility.
  • Level of annual token inflation – Scarcity.
  • Level of decentralisation – Trustless (level of third party risk).
  • Wallets and associated infrastructure – Portability / General Acceptability.
  • Quality of the development team who are driving the use cases and chain growth – General Acceptability.

For various reasons blockchain will change their tokenomics and in these cases, you, the Financially Awakened – will sit down and work through the changes.

Increasing inflation will place downward pressure on token prices. Burning tokens on the other hand, (permanently removing tokens from circulation), will have the effect of increasing the price of the remaining tokens.

Let’s take a look at a current scenario – the Taurion Burn Sale.



Last night we examined the proposed tokenomics changes for the XAYA blockchain in a Goldsmith Money YouTube review. Embed below.

Whilst it is not possible to put an exact price on a token, now or in the future – it is possible to get an understanding on how different stakeholders will be impacted and the possible directions the token prices might take – ceteris paribus (all other things being equal).

Enjoy the video. And if you feel you would like to discuss the matter of blockchain tokenomicsl or, the XAYA Taurion Burn Sale – please drop a comment below. You can also read more about the Taurion Burn Sale here.

Otherwise, warm up those gaming chairs, because things are about to get rather hectic in the blockchain gaming space. Final testing on Taurion and Soccer Manager Elite is merely days away – and then human mining will begin.

Be well.


GOLDSMITH.



Become your own bank –

from your home PC!


Who says you need to be reliant on the banks?

Since the invention of the Bitcoin, people have had the ability to be their own bank – without the need to rely on any third party.

It’s a giant, trustless, decentralised spreadsheet – and you hold the key. At least you do when you establish a cryptocurrency wallet on your PC or smartphone.

Using your cryptocurrency wallet you may be able exchange goods and services directly with like minded individuals from across the globe – 24 hours a day and 7 days a week.


Introducing – XAYA Electron Gaming Wallet

Electron – for all your XAYA gaming needs

In the latest Goldsmith Money YouTube video (embed below), we take a whimsical look at the XAYA Electron wallet. Fast, stylish and completely decentralised.

And when Electron is running on your PC. you are actually contributing power (hash power) to the operations of this whole new financial ecosystem. All outside of traditional banking infrastructure.



We have a preference for XAYA over most other blockchains because of its specialised blockchain gaming design. You however, can start looking at cryptocurrencies wallets for any blockchain of your choosing. The point we make is – start looking!

The blockchain and cryptocurrency industry is filled with financial opportunities for the Financial Awakened. And your first step into this industry… a digital wallet!

Happy transfers.

GOLDSMITH




It’s blockchain gaming…

and early interest is high!


There are very few industries that we are more passionate about than blockchain gaming. The growth of esports has been remarkable. Blockchain gaming is merely the next step in its evolution.

Despite our confidence in the industry however, we were still surprised by recent registration numbers reported by the XAYA blockchain team. Over 12,000 people have signed up to participate in their Soccer Manager Elite (SME) phase III beta test. To have 12,000 sign up to simply test the software really is extraordinary.

SME beta test resumes this week.


Should 12,000 to signup for the main game – financial success for the game and the XAYA blockchain looks set. Though there are never any guarantees in business.

To share in the registration excitement, we produced our own (somewhat comical) YouTube report – embedded below.



People will naturally migrate to blockchain gaming as it offers the ability to ‘play to earn‘. And who doesn’t want to earn currency playing games?

Credit where credit is due though. The XAYA team has proven to be ‘A Grade marketers’ of their ‘first class products‘. Two reasons we watch this team and this blockchain – very closely.

As with the initial beta tests, we will be live streaming some of our SME game play. So if you want to learn more about the game – subscribe to the Goldsmith Money YouTube channel and join us on our journey.

Enjoy the remainder of your weekend.

GOLDSMITH

Appics

Beautiful social media on the blockchain


Here at Goldsmith Money we often spout the benefits of blockchain technology for the gaming industry. The trustless and decentralised ledger is perfect for the creation of massive gaming ecosystems, with financial opportunities galore.

The same may also be said for social media. Whilst Twitter and Facebook generally offer users indirect financial benefits through the promotion of their goods and services. They offer very little in the way of direct financial benefits to the true influencers and content creators on their platforms.

Introducing Appics

Appics joins the Telos blockchain – August 2020

When built upon a blockchain, social media platforms are able to rely upon the exact same decentralised ledger attributes – trustless, auditable, infallible, cost effective – to develop their own financial ecosystem. This blockchain foundation then allows for community trust in the platform and builds value within.

In building a valuable ecosystem, the blockchain social media platform is now able to distribute system earnings directly to the creators, influencers and community builders, based on their level of contribution.

The rewards will usually take the form of the native token to the platform. The value of the tokens will then be determined by the free market, through cryptocurrency exchange participants. The value will of course fluctuate. Over time however, consistent, good quality content creators, may be able to build a reliable income stream for themselves.

Appics…

is a sleek and beautiful reward based social media platform built upon the blockchain for the reasons mentioned.


Appics is not the first social media platform built upon a blockchain. However in our opinion, it is the first built to a speed, aesthetic quality and functionality high enough to take on the mainstream players for usability. And ultimately it is usability which will determine whether it is suitable for mainstream adoption.

A blockchain based social media platform will only ever be as good as the blockchain it is built upon. So it was no surprise for us to see Appics announce that they would be moving to the Telos blockchain.

Telos is arguably the fastest, most powerful and most decentralised blockchain in the world. It is also one of only a very few blockchains with built-in governance solutions. Telos has a huge technical support network, which has just recently built social media functionality into the chain itself. A testament to their capabilities.

Of course when it comes to Telos, Goldsmith Money is a token holder and highly biased as to its quality. Make no mistake however, the merger of these two platforms is most certainly value accretive for both.

So we are thrilled to bare witness to the merger and welcome Appics with open arms. See our greetings message here.



Over the next 6-8 weeks we will look to incorporate Appics into our social media tool kit, utilising this platform to build our brand and our income potential.

A consistent theme throughout Goldsmith Money is ‘Trends’. Whilst the trend into blockchain gaming is unmistakable at present, when it comes to social media, the signs are much more subtle.

What we are seeing is people now willing to move away from from the major platforms like Facebook and Twitter and into other centralised platforms such a Parler. Will this carry into Appics – only time will tell.

Something to look out for though are the celebrities. Where the celebrities go, the masses tend to follow. Should a celebrity or two turn up on Appics – mass adoption could follow shortly thereafter.

Finally – if you are still reading this article, I deem you to be one of the Financial Awakened. And as one of the Financial Awakened, you should be always questioning where you are spending your social media time and efforts. Time is money afterall.

Ask yourself, ‘do I continue investing my valuable time into Facebook and Twitter, building value for their shareholders?’

Or, ‘should I consider building value in my own brand, in conjunction with the brands of others – within a rewards focussed decentralised community?’

Money talks ladies and gentlemen – everything else is mere garble.

You can learn more about the Appics at their website here; and, I hope to see you there soon.

GOLDSMITH.

Taurion

Alpha Test Deep Dive – abridged


With over 1,500 people registered to participate in the upcoming Taurion alpha Test, the demand for information is huge. As such XAYA CEO, Andrew Colosimo, took up his gaming chair once again, to provide the world with a deep dive walk through.

Naturally the excitement around Taurion is enormous! It is the first of its kind!! A true decentralised and trustless gaming ecosystem, with opportunities galore.

Trade, transport, mining, refining, manufacture, construction, marketing and security… collusion, racketeering and piracy. Basically any other type of business venture you can dream up, could very well be possible at the planet Taurion.

Should you not have the time to watch the full one hour deep dive, we have produced a 15 minute video detailing the key takeaways. Abridged video below.



If you are interested in joining this alpha test and getting a taste for this NEW era of blockchain gaming – please click on our Goldsmith Money invite link Taurion Alpha Test Invite

This alpha test is a treasure hunt and there is over $US10,000 in prizes to be won!

We hope to see you there for the start of play on Tuesday, 25 August 2020.

Wish to learn more about the benefits of blockchain gaming – please see link below.

Be well friends.

GOLDSMITH


XAYA update

Soccer Manager Elite and Tarion Updates


Be sure to subscribe to the Goldsmith Money YouTube channel to stay up-to-date with all that is happening in blockchain gaming – especially XAYA!

In last night’s report (below), we discuss the progress of the Soccer Manager Elite beta test – with Phase 3 to commence next week.

The big news however… is Taurion. The official launch date for the much anticipated alpha test is Tuesday 25 August 2020. This alpha test / treasure hunt will run until Sunday 9 October 2020 and there are many hundreds of prizes to be won – all up valued at over $10,000.


Goldsmith Money – Xaya Report 6 August 2020

Should you wish to participate in Taurion Treasure Hunt, please click on the following referrer invitation link and sign up. There have been 1,500 registrations so far… and the more the merrier. INVITE


Looking for more information on Taurion?

Check out Andrew Colosimo’s recent deep dive into this massive NEW decentralised virtual reality.



Our CHI Giveaway

Don’t forget Goldsmith Money is giving away 1,500 CHI to Taurion fans. Want to be involved? Just click on the link below and follow the instructions.

https://goldsmith.money/innovation-and-technology/taurion-alpha/

Be well Xayan friends.

GOLDSMITH.

Farm Game / Dota 2

Connecting the Steam gaming platform with the Telos blockchain


Blockchain gaming is moving forward in leaps and bounds – and Telos is sure to have a big role to play in this.

Farm Game has opened up a world of opportunity for gamers, linking all the benefits of blockchains (decentralised and trustless financial ecosystems), with the massive Steam gaming universe.

Starting with the multiplayer, online battle arena video game Dota 2, Telos will allow gamers compete with one another for decentralised tokens and assets. Subsequently these assets may be transferred, spent or otherwise – instantaneously and globally.

Whilst still at early stages of integration, Farm Game offers a great taste of gaming developments to come.

For further information, check out the Goldsmith Money YouTube video below.

And if you are interested in connecting to Farm Game to play in the Dota 2 Telos events – please use the following invite link. PC only at this time.

https://dapp.farm.game/ref/cryptowombat

Happy gaming.

Goldsmith.


Telos, Farm Game and Dota 2 – 3 August 2020