INVESTORY
ENJOY THE GREAT FUTURE OF THE DIGITAL ERA
Josip Heit presenting the G999 electronic system in Monte-Carlo
© FABBIO GALATIOTO
On the 2nd October 2020 GSB Gold Standard Banking Corporation , a leading German Software , IT and Blockchain Powerhouse , chose One Monte-Carlo to launch an unprecedented technology aimed at making cryptocurrency transactions much easier and faster . Josip Heit , Chairman of the Board at GSB , and Alexandru Cocindau , Chief Technical Officer ( CTO ) presented G999 , a unique electronic cash system , card device and App , inspired by the “ deflationary token ” economic model , that allows fast payments , micro fees — and a communication network that guarantees total privacy to customers .
Can you explain to us more about your ecosystem ? What are the main products and services you have developed ? J . H : Behind any blockchain system , a priority should be the usability of it , and we ’ ve really understood that . This is usually called the “ white paper ” stage . It is where most of the projects are reviewed and explained in detail during their development and similarly for services too .
GSB Gold Standard Bank has developed its own blockchain system which right now is running multiple services such as the G999 Card , E-mail over Blockchain , Voice and Chat App over Blockchain , Blockchain Video Academy , Blockchain Merchant and thanks to the blockchain system we can offer staking and masternode passive rewards .
Tell us more about your deflationary model . A . C : The blockchain is minting 570 G999 every block , to reward the staking and masternode owners who in fact protect the network and validate the blocks . As much as our community will use G999 services , the minted quantity will be less compared to the “ burned ” tokens ; therefore this deflationary token model results in the demand being higher than the supply .
Do you see G999 as a 100 % utility token ? J . H : There is no other coin with more utility than ours . We are offering a wide area of services which can be paid only in G999 .
How are you going to stop spam with respect to the e-mail messages ?
A . C : To stop spam is pretty much impossible , but to reduce it drastically we are charging dynamic fees with respect to the content , so spamming will become very expensive and a lot of it will automatically disappear .
Josip Heit
You said in the conference there will be no more lost e-mails , can you explain how the system is developed to achieve this ? A . C : Thanks to the blockchain technology , when an e-mail is sent , we confirm it over the blockchain with specific feedback ; there is thus 0 % chance , after the confirmation , for the recipient not to receive the e-mail .
Is it a web-based e-mail platform or is there also an app for this ?
A . C : On 15th October we launched the web-based beta version . iOS and Android apps are announced on the g999main . net website .
In conclusion , G999 opens the door to a maybe not so distant future where circulating currencies will not exist anymore — being replaced by a global virtual monetary system . And we are quite sure that the Principality will play a primary role in developing innovative cash solutions in a world première and preview .
Alexandru Cocindau
For further details about G999 : https :// g999main . net
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