LONDON, May 23, 2016 /PRNewswire/ -- Just thirty days after the announcement by gold asset company Golden Dynasty Resources Limited about an impending launch of its cryptocurrency Gold Dollar, it was revealed that the pre-sales figures were very encouraging.

The new cryptocurrency, named the Gold Dollar, is the latest cryptocurrency to emerge. With its fundamental value backed by gold reserve assets & pegged to the gold indices, it is fast becoming a hit with coin enthusiasts and investors alike. The founding company has previously announced it will launch in May 2016.

Golden Dynasty Resources Limited is a globalized gold asset management company. Apart from mainstream investment such as bullion and gold futures trading, the company also participates in physical gold mining projects. The latest acquisition is one that is situated in Zambia with an estimated area of 10km2 from which the gold reserves are used to back the value of the Gold Dollar.

Cryptocurrencies have, in recent years, improved the ways of life for many around the world. Albeit being in its infancy, cryptocurrencies have since received a positive reception for use by many countries as well as multi-national corporations and retail companies.

Investors do acknowledge the perceived stability of cryptocurrency investments as compared to traditional investment tools. A clear example would be in 2015 when stock meltdowns and diminishing values in various investment classes, cryptocurrencies seemed to have shown stable price growth without any adverse effects.

Market observers say cryptocurrencies remain a viable and attractive option for investors and are advised to keep a close watch on the Gold Dollar as it prepares for global launch this year. Global academics have also provided positive reviews on the Gold Dollar: http://v.youku.com/v_show/id_XMTU3MzcwNzYwMA==.html

Group Deputy Chief Investment Officer James Calligan spoke of the results of the pre-sales campaign, "we have always endeavoured Gold Dollar to create a long lasting impact once it launches. The market currently lacks a currency type that can emulate what Gold Dollar promises to be. We are heartened to hear of a favourable response from market investors, this meant a resounding affirmation of Gold Dollar."

Pre-launch valuation of the Gold Dollar estimates its growth to USD500 a piece within 2 years. The Gold Dollar launched on 18 May 2016.

SOURCE Golden Dynasty