by Adam Perreira
The South And Central American countries of El Salvador, Mexico, Colombia, Venezuela, and Brazil are among the world’s leaders in showing interest in crypto. Four of these countries are considered emerging 3rd world countries, while Brazil is considered a new Super Power. Golden Inu crypto brand believes these countries will be influential in the crypto revolution and plans to launch a Decentralized Cryptocurrency Exchange [DEX] that will be marketed towards these LaTam audiences.
When will Golden Inu Exchange launch?
The new DEX will be named ‘Golden Inu Exchange.’ The most useful feature is expected to be the GIE’s utility of swapping Ethereum Blockchain and Binance-Chain cryptocurrencies $1-to-$1. The new venture aims to create the best crypto exchange for LatAm users of the two blockchains with lower transaction fees than traditional exchanges and faster transactions.
Though the lower fees is the most important for many, this exchange is also helping users retain their rights to financial privacy and independence. It is ‘decentralized’ [DEX] not centralized [CEX], which means users retain more control over their transactions & data.
The exchange will be launched later in 2023. This will happen after the closing of the Initial Coin Offering [ICO] for the second token required by the exchange, $Golden [erc20]
Crypto trades have already invested over US$6000 into the new ICO. The token is scheduled to be listed on its first public trading exchange for a price +25% more than the Initial Coin Offering [presale] price of today.
Previous $Golden ICO Netted Investors Big gains
The other token required for the new DEX, $Golden [bep20] is already listed on its first public exchange. The ICO investors received between +250% to +720% return on investments from the bep20 to date.
Some bag holders are still waiting for the launch of the DEX and a crypto marketplace, the Golden $Bazaar. Analysts predict those early bag holders could see returns as high as +10,000% before the year’s end if the new DEX has traction. Why? The $Golden token would become the medium for gas fees on hundreds of thousands of transactions daily on the “Golden Inu Exchange.”
Furthermore, every transaction in the Golden Inu Ecosystem adds to the liquidity pool and overall value of the $Golden token.
And while the Golden Inu Ecosystem has features for any crypto trader from across the world, the company has a glaring interest in Latin America. This is likely due to its emergence in the tech world and lion’s share of the world’s natural resources.
Cryptocurrency in South & Central America
If not familiar with the world economy, Brazil is one-fifth of the emerging new super power BRICS [Brazil, Russia, India, China, South Africa]. The country best known by tourists for its city of Rio De Janeiro, the movie ‘City of God,’ and the Amazon rainforest is also becoming noticed for web3 technology.
Crypto In Brazil
Brazil has the 7th most cryptocurrency holders in the world. Holders of various tokens can even buy groceries at supermarkets Shibta and Oasis with their crypto wallets . Even global company BurgerKing accepts Dogecoin for food purchases in the Land of the Parrots.
Becoming a powerhouse in the ranks of global economies, this digital currency acceptance alongside its great weather has made Brazil a choice home for expats and foreign investment.
Still, it has an extremely large demand for crypto exchanges due to volatility of local currency and avoidance of bank fees. Brazilians, Colombians, El Salvadorians, Mexicans, Venezuelans and more are moving hundreds of millions of dollars between family members and friends through exchanges.
Venezuela Needs More Crypto Exchanges Now
Though Venezuela is going through many shifts in regulatory mandates on Crypto mining and cryptocurrencies in general, it is expected to see a significant growth in trading through 2024.
Exchanges like CoinCoinX, who recently took a hiatus, are currently handling hundreds of thousands of users’ transactions by themselves. CCX even cites high costs of operations and ‘too much work,’ as one two reasons for the break. Golden Inu exchange would be a welcome solution to this LatAm crypto market that is far under-served.
El Salvador Moving Full Speed Into Crypto
In El Salvador the new decentralized crypto exchange “GIE” should be welcomed with open arms. The President and government has removed taxes related to technology innovation such as Golden Inu Exchange and made it mandatory for citizens to learn how to use crypto [essentially]. Both have helped create a demand for new crypto exchanges, as future generations of business will have to rely on.
Max Keiser, a crypto magnate, recently joined the El Salvadoran government to help guide this digital currency revolution. He says it could become the ‘Singapore’ of South America — in layman’s terms a major business hub of Latin America.
Will Crypto takeover Colombia by law?
Bogota, Colombia on the other hand is already a major business hub. The Golden Inu token crypto team already has a marketing campaign running, both physical and digital.
Colombia has the 3rd most ‘valuable’ fiat currency in the world as of April 2023. There’s a lot of natural resources and cash floating around in the country. The President, Petro Gustavo, and his political party think the South American country’s cash system could use a crypto overhaul to help stabilize it.
According to the Colombian President, virtual currency is valuable information and energy. Also, he believes the gateway to South America could use lands currently occupied by Cocaine producers and guerilla armies to generate greener crypto mining solutions. Above all, this would also be a huge new income stream for the Coffee capital.
As for the huge sums of cash floating in corrupt trades, Gustavo and his political cohorts think Crypto could help expose dirty money. The POTROC is currently investigating the idea of making all large purchases within Colombia to be required by law, to be done in crypto.
The goal of this potentially society changing mandate would be to force Colombians to expose expenditures and pay the appropriate taxes on income. Currently, many in the country prefer cash over bank accounts just to avoid government taxation. Many Colombian citizens feel the minimum wage for jobs in Colombia is not fair in comparison to taxes that keep rising.
A decentralized exchange like Golden Inu could be a great medium between the fears of the people and the ambition of the government, If the “GIE” was made popular in cities like Medellin, Bogota, Cartagena, Villaviciencio, Cali, Santa Marta, San Gil, and Barranquilla, over 3-million traders could join & utilize the new DEX.
Chilean crypto exchange Buda.com reports Colombians did over $40-million-dollars in trading volume on their exchange alone in 2021. In 2023, numbers on various exchanges show over one quarter billion dollars in crypto has been traded, a huge leap.
Selling Stablecoins To Latin Americans Is A New Business
Beyond this, there’s also a demand for stablecoins like USDT because of Latin America’s currencies being so volatile against the dollar. In fact, the demand is so high that there are groups on Facebook where people pay a fee just to have Tether ($USDT) sent to their crypto wallet. There they hold funds, hoping the dollar will increase in value allowing their money to grow in value against local currency.
The Golden Inu Exchange aims to change the lives of citizens in such countries by making decentralized trading a readily available option and in simplified formats. Just as the $Golden Dashboard app, it appears the Golden inu Exchange will be a ‘layman’s format,’ just this time it will be for buying and selling crypto.
Marketing in Latin American for the Golden Inu brand has already been started. Watch the official subreddit for the latest photo or video capturings of the brand popping up across South & Central America.