Virtualgold: potentially the most lucrative project in the cryptocurrency space

Virtualgold
3 min readNov 4, 2020

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What is Virtualgold?

At its core, virtualgold is an asset that is stored on the ethereum blockchain. But unlike other traditional blockchain assets whose value is determined by supply and demand, virtualgold utilizes a very unique and innovative model to sustainably increase its value. At a very fundamental level, it has been designed in such a way that its value increases after every investment.

The system utilizes smart contract technology (with publically viewable code) to ensure complete transparency and decentralized ownership in order to prevent the risk of any scam or malpractice.

How does the system work?

66% of the ETHyou invest will be converted to virtualgold at the conversion rate. The remaining ETHis used as “virtualgold royalty”. The main reason why this royalty is being charged is for boosting the price of virtualgold. Whenever a new person invests into the system a portion of their investment is paid out to all virtualgold holders in proportion to the size of their holdings. This money is indirectly paid to them by increasing the amount of ETH backing the price of virtualgold within the smart contract. This is what causes the price of virtualgold to increase after every investment. At any time a holder can “cash-out” his/her position and the corresponding value in ETH would be directly transferred to their wallet from the smart contract. There is no upper limit to your profits! The longer you hold on to your virtualgold the greater would be your return on investment.

The business model works quite similar to well established projects like ethereum gold and tron gold(on the tron blockchain). However virtualgold offers a higher earning potential. This is because a higher percentage of every investment is distributed to the previous investors (i.e., virtualgold holders).

Also, 66% of your investment always remains untouched. It will forever be secured within the smart contract. This is done to reduce the risk on investment. So under no circumstance even if you are the last person to join the system and nobody invests after you you cannot lose more than 33% of your investment.

How to maximize my return on investment?

Everybody’s investment grows with time as more and more people join the system. However the rate of growth of virtualgold is inversely proportional to the number of virtualgold holders. Therefore those investors who invest when there are fewer holders(when there is lesser money in the smart contract), would observe a quicker growth in investment.

Therefore a large investment at a reasonably early stage would be a wiser choice from a lucrative standpoint. But bear in mind even if you join the system when there are already many virtualgold holders, you could still make a lot of money it is just that it might take longer.

Please read: Although a lot of effort is done to protect investors you can never be 100% safe(especially in crypto-related projects). So please be smart and careful about your investments and please please do not invest all your life savings into the system.

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