GamerGold (GG) is a cryptocurrency built upon the Ethereum blockchain with solidity encoding. GamerGold (GG)’s code enables itself to be both minted and burned (deflated) in its total supply volumes. This enables GG tokens to retain a set pegged value retention through the method of minting and burning as well as to ensure no hyper-inflations occur via its open market liquidity.
Each GamerGold (GG) token is par value pegged at $0.25 USD.
GamerGold (GG) carries an 18 decimal precision and is only ever issued out when an alike backing of Bitcoin (BTC), Ethereum (ETH) and or USD Coin/USDT Tether ERC20 is held within the Matrix Gaming IT’s operating companies protected custody. This is to enable full and transparent backing via minting and burning. GamerGold (GG) carries utility within Matrix Gaming IT, the ecosystem for global competition gaming. The GG cryptocurrency further carries utility within digital treasure mining and collecting via the Matrix Gaming IT Blockchain Treasure Miner contract and marketplaces when exchange with MatrixCoin (MIX) that is built upon the Tron Foundation Blockchain.
A 0.5% BTC/ETH/USDC/USDT “convenience fee” applies to all transactions over $1000 dollars when exchanging with GamerGold (GG). Any transactions between $500 and $1000 carries a standard $5 USD transaction fee. Any transactions between $5 and $500 carries a standard $2.50 USD transaction fee. The 0.5% convenience fee is already factored into the BTC/ETH/USDC total cost for the amount of GamerGold (GG) you are buying for tournament staking. GamerGold (GG) will be sent upon confirmation of your payment received into the Matrix Gaming IT Ecosystem’s company escrow holding.