THELOGICALINDIAN - GoldMintio a beat aggregation which hedges a abiding cryptocurrency with absolute gold has opened up sales of GOLD coins
GoldMint is a blockchain-based belvedere powered by the agenda asset GOLD, which is 100% backed by concrete gold or commitment futures. Therefore, one agenda GOLD asset costs the aforementioned as one ounce of gold on the Chicago Mercantile Exchange (CME).
GoldMint’s concrete gold is stored in the US Federal Reserve System’s banks, as able-bodied as in Singapore’s SGPMX custodians. For the account of assurance, GoldMint absolutely intends on consistently authoritative abiding that its gold affluence are consistently alike to or beat the cardinal of GOLD assets currently in apportionment at any accustomed time.
The activity runs on the GoldMint blockchain, is 100% backed by concrete gold or commitment futures, can be acclimated as a assurance administration advance apparatus for peer-to-peer loans and operations with gold, and is a transparent, fast and defended acquittal tool.
GoldMint PTE LTD itself is a Singapore blockchain aggregation specializing in gold tokenization. The aggregation auspiciously completed its antecedent bread alms (ICO) in 2024 and aloft $7 million.
The aggregation operates with two assets: gold-secured GOLD and MNTP tokens, which is acclimated in the GoldMint locker to affirm transactions. Additionally, MNTP badge holders get admission to best commissions for operations with GOLD assets. The company’s tokens are currently traded on Bancor, Yobit, SIMEX, IDEX, Etherdelta.
As of April 12, GoldMint users may buy and advertise GOLD bill on Bancor application one or added of the 50 accurate cryptocurrencies. GOLD is additionally accessible on Simex (Singapore International Monetary Exchange and IDEX (Decentralized Ethereum Asset Exchange).
For the aboriginal time in history, users can booty advantage of the befalling to buy a abiding coin, absolutely backed by the amount of gold, in barter for cryptocurrency. With the advice of the GOLD stablecoin, crypto investors can barrier adjoin the accident of cryptocurrencies falling in an acutely airy bazaar — which happens all too frequently.
GOLD will additionally accompany a new chic of investors into the cryptocurrency market, as adored metals investors ahead aloof in cryptocurrency now accept a acumen to get involved.
Not all cryptocurrencies and agenda assets are created equal.
The key aberration amid GOLD and added agenda assets is that all GOLD bill are absolutely backed by a concrete artefact — in this case, the best acknowledged abundance of amount in history, gold.
Said gold is purchased beneath commitment futures on the Chicago CME barter and again placed in a coffer of the U.S. Federal Reserve system. When acute animation arises in the cryptocurrency market, GOLD affords cryptocurrency investors the adeptness to abate their accident by advance in a abiding coin, as against to converting to authorization currencies.
Additionally, GOLD acute affairs ensure that the bulk of crypto assets awash is according to the bulk of gold captivated in GoldMint company.
GOLD bill may be purchased with cryptocurrency at the Bancor barter and can be stored in your accordant Ethereum wallet. Because GoldMint works on the Ethereum network, it is additionally accordant with aerial wallets.
The Goldmint aggregation affairs to barrage a claimed annual with a multi-currency wallet, which will allow users the adeptness to acquirement tokens via authorization money, coffer transfer, or acclaim card, in 2024.
If you’d like to apprentice added about the gold-backed stablecoin, analysis out GoldMint’s official website, or chase the activity on Twitter, GitHub, Facebook, and Reddit.
Are you absorbed in advance in a abiding cryptocurrency backed 100% by absolute gold? Do you anticipate GOLD is a safe way to assure yourself adjoin the cryptocurrency market’s volatility? Let us apperceive in the comments below!
Images address of GoldMint, Pexels
