Can Joe Graf, Jr. Hit a Double Gold with NASCAR and G-Coin®?

Full disclosure: We also think Joe is going to win a lot of races.

Enthusiasm and Synergy: Millennials, NASCAR, and G-Coin

If you’re a NASCAR enthusiast, you’re likely going to be a G-Coin fan, too. Millennials and Gen Z are key demographics for both organizations.

Millennials are already the largest demographic in the digital asset market, which is now worth more than $1 trillion. NASCAR is a proven brand with a loyal fan base that closely aligns with the strongest demographic in emerging fintech — you guessed it: Millennials. Approximately 40% of NASCAR fans are 18-44 years old.

Cryptocurrencies have gained large market valuations, but they are and will remain volatile. A case in point is Elon Musk’s recent announcement that Tesla will no longer accept bitcoin as payment, which has resulted in bitcoin, ether, and dogecoin all dropping in value overnight.

I see an opportunity for G-Coin, as a digital title to a real asset, to meet the needs of new investors looking for digital assets that are less vulnerable to both inflation and volatility.

Making Gold Affordable and Accessible

Perhaps the most important message we have is that responsible digital gold is affordable for all investors, especially those early in their financial journey. With an average income of $78,000 per year, many NASCAR fans are relatively early in their careers and will be part of an increasingly important group of consumers holding digital assets.

Gold has traditionally been a largely inaccessible asset class, due to the constraints of the supply chain and denominations in which investment-grade gold is sold. Today, for example, a kilobar of gold costs around $50,000 plus storage costs, rendering it impossible for many individuals to invest in gold.

Tokenization technology allows the same gold to now be purchased in fractions. Through G-Coin, an investor can purchase real gold stored in a secure vault with as little as approximately $15 and in 0.01 gram increments. We’re making gold accessible to everyone and for day-to-day transactions.

Responsible Gold — Aligning Investments with Core Values

We looked into NASCAR’s practices before committing to this partnership and discovered that it is a sustainability leader in professional sports. Through the NASCAR Green Initiative and an expected move toward hybrid motors, NASCAR has recognized the opportunity to lead by example in adopting responsible ESG policies.

Similarly, ESG is important to us. This is evidenced in that G-Coin tokens are minted from Responsible GoldTM kilobars. Responsible Gold sets the standard for independently certified, conflict-free, responsibly sourced gold.

To produce Responsible Gold, gold custody transfers are tracked on our blockchain from the mine to the refinery. The tamper-proof technology provides proof of provenance and supply chain security to prevent illicit gold from entering the ecosystem. Mining and refining partners conform to best-in-class ESG practices to protect against the worst forms of environmental, social, and labor violations.

Investors no longer need to be concerned about how and where their gold has been produced, as Responsible Gold and G-Coin provide full visibility and ESG credentials.

Reimagining Gold: Inclusive, Liquid, and Stable

G-Coin is an ecosystem built on tokenized, responsibly sourced gold — the original store of value. In addition to asset stability, G-Coin has the liquidity of digital currencies. Using G-Coin, people can safely save, send, or spend in gold.

Do you have any questions about G-Coin or our partnership with NASCAR? Feel free to leave a comment below.

For a sneak preview of Joe’s new car, you can check out the car reveal here.

I’m a tech investor, fintech innovator, and company founder and chairman, and I’ll be writing about several related topics focused on the intersection of technology, commodities, supply chains, and capital markets. I hope you’ll join the conversation below.

Disclaimer 

This blog is for informational and discussion purposes only and does not constitute investment, tax, legal, accounting, or other advice. No representation or warranty is made as to the accuracy, content, suitability, or completeness of the information, analysis, or conclusions provided. As with many commodities, the risk of loss in trading or holding gold can be substantial and should be considered carefully in light of personal financial conditions.