Real Gold Can Now Be Digitalized for the Crypto Market

Gold has historically been a reserve currency

for many countries and an important wealth metric for economies. Today, it still plays an important role in each of these factors, but the issue of digitization of the precious metal has been rather slow and mostly confined to long-term storage solutions and not transactions themselves.

With the advent of blockchain technology and distribution ledgers, bullion traders, investors and exchange companies have been anticipating a blockchain-based gold trading and ownership solution. Distributed ledger technology’s innate capability to make transactions safer, faster and free from adulteration in the future paves the way.

Digital Gold, a blockchain-based gold company, has announced a digital stablecoin (GOLD) that is backed by physical gold. With the help of the new ERC-20 token, investors and traders can own,

buy and sell gold digitally based on a decentralized ledger.

GOLD- a new Bullion-backed Coin for Gold Traders around the world!

GOLD is a new investment asset for users around the world to easily invest in the precious yellow metal in a digital manner that is safe and secure. The company is offering top-level security for users so that their assets remain safe in a digital existence. 

GOLD is not merely a digital asset. It is backed 100% by actual gold reserves stored safely in a vault located in Singapore, itself constantly voted as one of the most secure cities in the world. A real-time audit of the actual gold reserves is a company commitment and users will be able to verify and account for the actual bullion presence on their own. 

Related Post

Company rules regarding Stablecoin

As it is often seen in fiat-based stablecoins, the audit of the total number of tokens vis-a-vis the total number of fiat reserves is extremely important in determining the actual value of a stablecoin. Fiat-based iterations often suffer from a lack of transparency in this regard. To put to bed this lingering issue, Digital Gold has underlined the following rules for its stablecoin:

  • The total number of all GOLD tokens issued will always equal the amount of physical gold deposited in its BullionStar vault.
  • The project’s clients can verify for themselves the actual amount of gold deposited in the vault by using the real-time audit feature.
  • DIGITAL GOLD guarantees full liquidity of GOLD stablecoins. Any amount of digitalized gold can be purchased or sold at all times on the official marketplace of the project and cryptocurrency exchanges.
  • No hidden fees will be levied. Users have a fixed amount of 0.99% per annum charged for secure storage. This is among the lowest bullion storage fees around the world.

The best part about GOLD tokens is that they do not fall under the jurisdiction of a regulatory body that can disrupt operations. Normal stablecoins are pegged to the USD and EUR and thus are indirectly subversive to the workings of the reserve banks around the world whereas Gold is unique and its price is not easily manipulated. 

Using gold’s low volatility, mass appeal, actual physical backing and the immutable nature of blockchain technology, GOLD token aims to become one of the first successful gold-backed tokens in the world. 

To learn more visit the Website: https://gold.storage

Disclosure: This is a sponsored article

Bitcoin PR Buzz

As the world’s first cryptocurrency and Bitcoin PR service and newswire, Bitcoin PR Buzz has helped over 800 satisfied clients to reach their goals during its 7 years of service. To get your project featured on some of the world’s top Crypto and mainstream news sites, visit Bitcoin PR Buzz today

Published by
Bitcoin PR Buzz

Recent Posts

TMS Network (TMSN): The Unstoppable Wave Overwhelming Arbitrum (ARB) And XRP (XRP) in 2023

Crypto investment has seen a surge in 2023 as new players overwhelm renowned players with…

2 hours ago

With Sparklo (SPRK) To Higher ROI Than XRP (XRP) and Terra Classic (LUNC)

The broader cryptocurrency market has been sluggish for the last few days. Among the top…

4 hours ago

Leading Crypto Activist Explains What Crypto Communities With Grow The fastest After SEC Targets Coinbase and Binance

The recent developments in the cryptocurrency world have undoubtedly sent ripples throughout the entire ecosystem.…

4 hours ago

Kucoin (KCS) and Polkadot (DOT) Enters The Bear Market, While Sparklo (SPRK) Gains More Investors

To stay afloat and maintain its lead over other popular coins, Sparklo has introduced a…

1 day ago

NiFTiesLab Corp Breaks New Ground with HSAC Token: Championing the Attention Economy on Bitcoin’s BRC20 Protocol Amidst Regulatory Uncertainty

Road Town, British Virgin Islands – Hold onto your hats! NiFTiesLab Corp is rewriting the…

1 day ago

TMS Network (TMSN) Revealed as Shocking Crypto Challenging Arbitrum (ARB) and Polkadot (DOT)

The world of crypto sees its share of innovations, with newer platforms and tokens arising…

1 day ago