GOLD - Stablecoin With 100% Supported by Real Gold

maxway (35)in #altcoin • 5 years ago (edited)

Hello, this time I will introduce a blockchain-based project that will encourage digitization of the financial markets, and afferent investment instruments, with the hope that this project will enable users to buy gold (physically) through the ERC-20 Ethereum-based GOLD token. The name of this project itself is Gold. In addition, this project will have many benefits for its users, the gold market, but also for the overall blockchain technology. customers can use the platform to buy GOLD tokens instantly. This token will be pegged to the value of the spot price of gold so that later this token will become stable, This makes it useful to protect against market volatility in the digital currency market, while also allowing users to benefit from the long-term gold price upward trend. Talking about blockchain, its application in the Digital Gold project allows for a number of innovative, and unlimited features. In addition, the transaction is low cost because the project is carried out through the Ethereum blockchain.

Blockchain technology is generally described as a decentralized, transparent, unchanging, shared and non-corrupt database network that can be used to record and store values. The case of the initial use of the blockchain is limited to digital currencies. The market fully appreciates its features, because it brings decentralization to the storage of digital assets. Transparency increases the confidence of the entire network, while its cryptographic support allows transactions that are very safe but inexpensive to do instantly. Digital Gold is a bold and innovative project, to bridge the gap between gold and the digital ecosystem. blockchain can make gold tradable and can be used as a payment mechanism, thereby removing restrictions imposed on the market until now. As explained earlier, the GOLD-based blockchain token supported by physical gold offers considerable security measures. With a blockchain-based system, newly mined gold can be tracked from day one, right up to your doorstep, while preserving all relevant information. However, this is only possible with the cooperation of everyone involved in this industry. Digital Gold project also provides several benefits to users. By using GOLD tokens to buy digital gold. GOLD tokens allow users to trade as much as they want, without the need to reveal their identity.

Important Points You Should Know About This Project

Customers can choose to send tokens anywhere in the world, without having to worry about volatile transfer fees, because all transfers are free.
Digitization through GOLD tokens allows users to buy physical gold coverage, which can then be used to protect against poor market conditions.

With a GOLD token, the customer buys coverage in actual gold, stored by the company in a safe dome. All physical gold is insured, therefore the risk is minimal.
With Digital Gold, customers don't have to consider local business hours, because this service is available 24/7. Liquidity is therefore available on-demand, and the exchange rate always matches the current gold market price.

GOLD tokens allow physical ownership of gold while remaining private.
GOLD tokens have been designed to act as stablecoin, pegged at the price of gold. When it comes to stablecoin, they are generally pegged to other assets or currencies but also guaranteed.

GOLD tokens are tokens that are compatible with ERC-20 which are based directly on the Ethereum blockchain. This means users can expect to take advantage of all the benefits associated with the Ethereum blockchain, including instant transactions, immutability, fund safety, automatic notes, and smart contract functions.

Project Planning

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Conclusion

Gold is a blockchain-based project that will encourage digitization of financial markets, and afferent investment instruments, with the hope that this project will enable users to buy gold (physically) through the ERC-20 Ethereum-based GOLD token. This token will be pegged to the value of the spot price of gold so that later this token will become stable, This makes it useful to protect against market volatility in the digital currency market, while also allowing users to benefit from the long-term gold price upward trend. Talking about blockchain, its application in the Digital Gold project allows for a number of innovative, and unlimited features. In addition, the transaction is low cost because the project is carried out through the Ethereum blockchain.

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