ACUG creates the new trend of digital finance by transforming the traditional digital currency
The number of COVID-19 cases in the world has been rising continuously for one and a half months. Last week, the global increase was 4 million, the increase was obvious in European countries, and the infection rate in America continued to rise. The United States tried to tide over the crisis by disrupting the international situation and monetary policy tools. But the market performance is not optimistic. The Congressional Budget Office predicts that the debt ratio of the US government will reach 140% by the end of 2021. The US dollar may face a big inflation.
On the one hand, the change of American monetary policy means the beginning of its radical expansion, on the other hand, it means that the US dollar is likely to enter a new cycle of weakness in the next two to three years, prompting the global market to find alternatives.
The global gold market is quietly warming up. According to the data of the World Gold Council, since 2010, global central banks have been net buyers of gold in order to expand foreign reserves. In the first 36 months of March, 22 central banks in eastern Europe bought the largest amount of gold since the pound crisis in 1967. Turkey, Poland and other 15 countries have announced that they will transport physical gold back to China from overseas vaults such as the Federal Reserve and the Bank of England.
ACUG is a gold supported digital currency issued by ACU Digital Limited (hereinafter referred to as ADL). ACUG is a digital asset issued and managed by smart contracts on the distributed platform of Ethereum based on blockchain. It can provide investors with unchangeable transparent transactions and ensure the security and accuracy of transactions. Moreover, because of its network digital support characteristics, it can help investors to invest in gold fluctuation value in the global market for 24 hours without being restricted by transnational transactions. ADL provides equivalent physical gold support for all issued ACUG. The physical gold is stored in the security vault approved by the bank, and is audited by an independent third-party auditing company every year before being put into the blockchain and regularly.
ACUG is essentially a physical gold bill of lading generated in the process of digital gold trading. It has the anti-inflation and risk-avoidance characteristics of gold, the alternative characteristics of non-legal tender being regulated, and the problem of cross-regional movement without legal tender, thus avoiding the disadvantages of traditional digital currency. The most valuable feature of blockchain is the consensus of decentralization. As a natural decentralized currency, the combination of gold and digital finance will inject infinite vitality into digital currency market.