Digital gold enables investors to own gold securely with its stablecoin
The company, Digital gold has created a platform supporting smart contract and ERC20 token for trading gold. It was named the product stable gold. The company aims to digitize physical gold and enable its transaction using blockchain. Stable gold has created a link between the digital asset-backed by gold and the real-world asset.
The product has been implemented based on Ethereum smart contract. This product is an asset for those who want security, privacy, and full transparency in their transactions along with a real-time audit of gold bullion assets. Gold tokens are based on physical gold and offer a secure and fast way to sell, buy, and invest in gold-backed digital assets without compromising on privacy. The transactions are handled by Blockchain technology.
The GOLD Stablecoin
The uniqueness of the Gold stablecoin is that it is not a new blockchain or altcoin. It leverages the physical gold stored in a secured vault by BullionStar, a leading provider of precious metals storage from Singapore. Therefore stable coin is as stable as physical gold, while being easier and cheaper to transact.
- The quantity of gold tokens issued will be equal to that of the physical gold present in the BullionStar vault
- A real-time audit can be done on the actual amount of gold available
- Gold stable coins have full liquidity. They can be purchased and sold on the official marketplace and cryptocurrency exchanges
Gold tokens do not have hidden fees. The transactions are free of cost and have the lowest annual storage cost of 0.99%. The company has plans to reduce storage fees using a flexible fee policy. Other advantages of the GOLD token is that it has very low volatility. It has the potential to become a key contributor to the cryptocurrency ecosystem.
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Did you like the news you just read? Please leave a feedback to help us serve you better