The Golos Gold (GBG) Token is the equivalent of the Steem Dollar which is a price-stable token pegged to the Dollar. However, the Golos Gold token is, as the name suggests, pegged to 1mg of gold. This makes more sense to the Russian market as many Russian speakers live outside of Russia and therefore pegging it to the rather unstable Russian Rubble is less desirable.
The platform: Golos is a licensed clone (fork) of Steem.it designed for the Russian Market. Their goal is to create a decentralised social media platform where users get rewarded for their contributed content.
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