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Pound Token (GBPOT)

Digital Asset Entirely Backed by British Pound

Pound Token (GBPOT), is a collateralized stablecoin running on the Avalanche C-Chain, Polygon and Ethereum blockchains, and its price is always pegged to the British pound.



GBPOT Pound Token

The Crypto Equivalent of theBritish Pound

GBPOT is a cryptocurrency with a physical equivalent. For every GBPOT generated, the same value of GBP is added to the company’s treasury. Pound Token (GBPOT) aims to make the British pound more accessible to everyone and facilitate GBP transactions.

Trade 24/7

Pound Token (GBPOT) is a digital asset that can be traded 24/7.

Traceable on Blockchain

All GBPOT transactions can be traceable on the blockchain.

1:1 Equivalence with Physical GBP

The ratio between Pound Token (GBPOT) and physical GBP stored in safe deposit vaults is 1:1.

No Storage Cost

Unlike physical British pound, GBPOT investors are not charged custody, transfer, and administration costs.

Convertible to Turkish Lira

Investors holding GBPOT can convert their assets into Turkish lira via the cryptocurrency trading platform bitlo.com.

24/7 Support

You can get 24/7 support for your token tradings to make an investment in the correct way.

How does Pound Token (GBPOT) work?

Pound Token (GBPOT), which is issued in the equivalent of the British pound, is generated on the Avalanche C-chain, Polygon and Ethereum blockchains. For every GBPOT generated, the same value of GBP is added to the company’s treasury. Investors can store GBPOT tokens in compatible cryptocurrency wallets.

A smart contract has been created to maintain the supply-demand balance between GBPOT and fiat GBP. When a GBPOT token is generated, the same value of GBP is automatically added to the company’s treasury by this smart contract.

When the amount of GBP in the company’s treasury decreases, GBPOT tokens in the equivalent value are burned by the smart contract. Thus, the 1:1 ratio between the GBPOT and the GBP in the company’s treasury is always maintained. This ensures that the GBPOT is not affected by sudden price fluctuations on cryptocurrency exchanges.

What are the advantages of Pound Token (GBPOT)?

Price Stability

Pound Token (GBPOT), like all stablecoins, aims to provide price stability to its investors and protect them from sudden price fluctuations in the cryptocurrency market.

Trading without Middlemen

GBPOT facilitates its holders’ access to GBP. Thanks to blockchain technology, it is possible to execute GBP transactions with GBPOT from anywhere in the world, every day and every hour. Due to the decentralized structure of the blockchain, there is no need for intermediaries such as banks in executing transactions with GBPOT.

Peer-to-Peer Transfers

GBPOT can be sent peer-to-peer, directly from one wallet to another. Thus, GBPOT transactions are much faster, less costly, and more secure than transactions in physical GBP.

Transparent Structure

Pound Token (GBPOT) is completely transparent. Stablecoin traders usually have to rely on the company’s declaration of collateral. You can always see the supply of GBPOT and its physical counterpart on the blockchain.

Frequently Asked Questions

All the answers you seek about GBPOT

What Does GBPOT Offer?

GBPOT is a stablecoin that offers price stability in the cryptocurrency market with sudden price fluctuations. With GBPOT, whose price is supported by the physical equivalent, GBP transactions can be made 24/7 from anywhere in the world.

How to Mine GBPOT?

GBPOT is not a mineable cryptocurrency. GBPOT is supplied by Token Technology in such a way as to maintain a 1 to 1 ratio balance with the GBP.

How to Buy GBPOT?

You can easily and safely buy GBPOT from Bitlo, one of the leading cryptocurrency exchanges in Turkey.

What is GBPOT Collateral?

GBPOT is a collateralized stablecoin. For every GBPOT token in circulation, an equal value of GBP is held in the company’s treasury.

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