This is how their CEO Igor Checkun portrays their new gold backed digital currency in an Medium article dated April 21 2018
In 1988 The Economist Predicted Golden Currency in 2018
30 years ago The Economist in its “Get Ready for a World Currency” article predicted a new world currency. “Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency.” The Economist named the currency “Phoenix”, but it was used more like metaphor, not a name. Now, after the start of Golden Currency project the prophecy can be fulfilled and the real name of the currency that could become such a first global currency is Golden.
“Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies”. (The Economist).
Golden is planned to become the most stable, reliable and convenient money, 100% backed by gold. The ideas of Golden fully correlate with the ideas of The Economist in 1988. The ideas of Golden currency were earlier supported by B. Klein in 1974, and by von Hayek in his book “The Denationalization of Money” in 1976. Later they were also supported by another Nobel Prize winner in economics, Milton Friedman.
Now any person of the world can become a part of the project and contribute to Golden Currency development. The project will use blockchain technologies to provide more transparency and reliability. The ICO (initial coin offering) of the project is started, you can contribute and buy tokens of Golden Currency and find details on the project at https://goldencurrency.world