Welcome to our website. It is generaly simplier version of wikipedia. You will find there selected articles. Enjoy!
Pecunix is a digital gold currency founded in 2002 by Simon Davis. Similar to competing systems such as e-gold, Pecunix allows for the instant transfer of gold between user accounts.
Estimates at the end of 2004 suggest that there were over 6,500 funded accounts in the Pecunix system at that time. Pecunix had at that time 1,579.499 oz of gold in storage, but the amount has grown since. As of November 2011, Pecunix had 2777.796 oz of gold in storage, which as of November 2011 is valued at approximately $4,914,754 [1]. Pecunix gold bullion is stored with Mat Securitas Express AG in Zurich, Switzerland. Pecunix, Inc. is incorporated in the Republic of Panama.
Contents |
Pecunix provides an alternative to reserveless currencies, as do the other competing digital gold currencies. One benefit claimed by many proponents of digital gold currencies is that by keeping assets out of fiat currencies, one avoids some inflationary risks. Another claimed benefit is low fees. Transactions made in the Pecunix system are charged a fee of 0.50% of the payment amount up to 100 grams of gold and 0.15% of any amount over 100 grams up to a maximum fee of 3 grams. The minimum fee payment is 0.0001 gram.
According to Jim Davidson, author of The Indomitus Report, Pecunix has never had a security breach of any kind and never had an account emptied by trojan or phishing attacks. Its software integrates PGP in order to enhance privacy and security.
Pecunix does not sell its currency directly to clients. Instead numerous digital currency exchangers act as market makers selling Pecunix in exchange for fiat currency and a transaction fee.