Digital Asset Mortgage
GSB's digital asset mortgage service is basically the same as the traditional bank's asset mortgage service. However, GSB digital asset mortgage replaces the tripartite depository registration system with smart contracts, which is faster and more convenient. According to different attributes, the mortgage rate of digital assets is different. The project will accept the mortgage of the world's top 10 mainstream digital assets to solve the urgent need for users who hold and need funds continuously.
GSB mainly addresses the three major needs of users:
1 ) convenient, fast and low-interest loans in French currency;
2 ) Digital assets used for mortgage do not change ownership, while maintaining investment attributes and increasing cash liquidity;
3 ) Asset mortgage is not a sale, which can offset tax events. Individuals who hold more encrypted currency reserves, or enterprises such as exchanges, ICO projects and mining pools, have rigid demands for increasing legal currency liquidity, reducing transaction costs and offsetting tax expenditures, and are therefore the main target customer group of GSB.
First of all, borrowers who have passed the qualification examination can set up accounts and initiate loans in GSB, and deposit the mortgaged digital assets into GSB smart contract wallet after signing the electronic loan agreement. Wallet as collateral library is tightly protected by multi-signature agreement, which isolates the mortgaged assets from GSB authority and cooperates with the instructions of automatic mortgage management system according to the agreement. Subsequently, the legal currency assets that can be lent by qualified lenders are transferred to First Bank for custody, and after verification and confirmation, they are transferred to the borrower's bank account via GSB. If the borrower pays off the loan on time, the mortgage digital assets will be returned, such as the borrower's default repayment or the change in the value of the mortgage, the automatic mortgage management system will adjust the balance and execute it automatically.
Financial Services for Digital Asset Diffraction
GSB will provide digital asset investors with more investment tools, such as risk hedging services, options and futures trading services.