GCGC Investments Ltd. has announced the launch of its global crypto mining initiative through blockchain technology and DeFi architecture. The latest initiative intends to combine the mining industry with technological innovation to form a DeFi ecosystem while disrupting the financial intermediaries. GCGC unlocks the untapped value from gold and mineral deposits by fractionalizing participation powered by blockchain networks while tokenizing gold and resources during transaction settlements.
Global Mining Initiative with DeFi Architecture
GCGC tokenizes assets by developing mining assets all around the world while extracting the profits to convert into gold. This overall powers the global marketplace, creating a new financial and trading ecosystem based on a token. Meanwhile, the token-based currency can be adopted across a wide range of trading and e-commerce platforms.
In the announcement release, Jonathan Shek, CEO of GCGC, stated:
“The global system of commodities and mineral resources is the foundation for production around the world. Advances in technology have now created an urgent need to transform the very fabric of the trading and financial services systems linked to our systems of production. At GCGC, we combine the best in economic fundamentals with the latest technology to create a better way to trade, get access to financial services, and transform the mining industry.”
The latest mining initiative will have GCGC implementing DeFi architecture as the core of its financial ecosystem underpinned by blockchain technology.
GCGC Global Mining Initiative to Expand Further
GCGC Mining has mines in Chile and Argentina, with further plans on expanding its mining operations over Zimbabwe and Indonesia. The company has also implemented green mining in its endeavors. The plant will reportedly be able to reduce its environmental impact.
The GCGC Global Mining Initiative also plans to acquire other mining companies and concession rights, initiate joint ventures with large mining companies, and invest in sustainable development technologies.