In a space that is rife with fraud and scams, Guardian Coin looks to be a safe haven for those transacting and for other projects who look for a positive reputation. The cryptocurrency space is subject to fraud in the sum of around $9 Million dollars a day according to Bitcoin.com. These frauds range from the simple Ethereum Giveaway scams that currently plague Twitter to OTC traders that send their half of a deal while the other party takes the money and runs. This is just the tip of the iceberg. Entire projects such as Plexcoin have been giant exit scams netting as much as $15 million before disappearing into the night.

The negative effect is one that the space, as a whole, must begin to combat and overcome immediately in order to further promote adoption and growth. The ability to lose everything exists in other markets yet in an asset class such as crypto, the reputation seems an even greater victim at these early stages. Guardian Coin is going to make a difference in several ways that will allow investors and developers alike to take a sigh of relief.

Development for the platform began March, 2018 as a fork of the DASH and PIVX chains. The early goal of the project was to provide Escrow for OTC (over the counter) trades. This would allow to parties to use their platform to ensure the safety of a trade off the typical exchanges that may use. Many investors are using OTC trades for a host of reasons including the unreliable security of many of the centralized exchanges and to remain off the books and avoid unfair tax requirements that they become subject to with capital gains. However, P2P OTC trades become dangerous if the parties cannot meet and require a third party to handle the exchange. With the Guardian Escrow Platform all of the guess work is removed and the risk is mitigated.

Since inception Guardian has evolved to include other outlets to allow for a better experience for crypto users. The escrow platform will be utilized for Masternode Hosting and will also be a bank for young projects to store pre-mined coins and announce to investors, easing the fear that the developers will dump the coins at the first opportunity. Guardian Coin will allow those seeking Masternodes to buy the entire supply needed all at once rather than buying them piece by piece across exchanges. This will help with price stability and also with investors who have to wait for sufficient liquidity to become involved in the projects they seek.

The team has completed initial development and launched the escrow platform as well as the Windows and Linux wallets. Other platform wallets and mobile applications are currently in the works and should be available by EOY 2018. You can see the road map from their website below:

The team working to build Guardian Coin has been very active in the community and this can be seen in the platforms Discord channel. I was able to get support when setting up my wallet, masternodes and with any questions I had they were quick to respond. I was able to speak with the devs and they speak from experience having dealt with the fraud issues firsthand. This is what led them to create the project. Though the team is currently anonymous they have plans to become more personable and identifiable with the project in the near future. I am incredibly pleased with how simple the wallet and masternode was to set up and run. I have not had the opportunity to use the escrow service but I am eager to do so. Would love to hear your thoughts if you use it before I do.

The coin has been trading on CryptoBridge for several months and was added as $GDNC to Coinexchange.io earlier this month. With around 2 million coins in circulation and 60% of that locked up in Masternodes the overall supply is incredibly limited compared. A single masternode generates rewards of 12 GDNC every four or five hours and at that rate you can double your total coins in a little over two months with a single masternode running. You will need to set up a VPS to do so but as I said the process is incredibly simple and the guide helps make it even easier.

My opinion is clear. Projects that will make cryptocurrency a safer investment will be undeniably necessary moving forward. To on ramp new users the focus needs to remain on making things easier to use and also safer to use. I really enjoy when a project is focused on solving an issue within the space and not just looking for a problem to apply blockchain to.

If you would like to look into Guardian Coin please check out these links:

Website http://www.guardiancoin.online/

Twitter https://twitter.com/guardiancoindev

Reddit https://www.reddit.com/r/GuardianCoin

Bitcointalk https://bitcointalk.org/index.php?topic=3287764

Telegram https://t.me/GuardianCoinOfficial

Facebook https://www.facebook.com/guardiancoin

Explorer https://explorer2.guardiancoin.online/

Escrow https://escrow.guardiancoin.online/

White paper http://www.guardiancoin.online/whitepaper.pdf

Markets

CoinExchange

Cryptobridge

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