Do you like gold or Are you fan of gold?
Did you ask yourself why people wants Gold-Backed token crypto projects?
Stablecoins are common and mainly pegged to fiat currencies right? But on this age 2020, some of the valuable asset could be anything from fiat currencies to precious metals, oil, USDT and more.
What If I told you that there are lots of projects using Digital gold currency? And these are the hottest projects for this year 2020.
In 2017 Bitcoin price reached the highest peak more than $20,000 and lots of gold investors aroud the world grabbed the attention because of the price. So they have interest with the concept of gold-backed cryptocurrencies.
So what are the best projects backed by gold this coming 2020.
On the list we have.
1. PGpay/Puregold (PGT)
Puregold was launch in 2010 with physical gold retail stores and Gold ATM where people could withraw actual gold. To expand on the blockchain, Puregold launch an ICO/IEO, which went live on January 15th. This logic is very impressive to use the first payment gateway gold-backed tokens.
When ICO and PGpay launch on Jan. 2018. Puregold raised more than $4.7M USD and now 2020 they're listed on some exchanges including the (WBF,Tokpie,Vindax,Whitebit and more coming soon) They have also marketing around ASIA such as Singapore, Malaysia, Vietnam, Indonesia, and more coming soon. PGpay also won the Asia Pacific Top Excellence Brand 2012.
Gold Commerce Platform for a Digital gold payments era.
- PG Stored Value Cards
- PG Payment Terminals
- PG Payment Gateway
Puregold also issued 2 digital tokens PGT and PGG.
2. Digix Gold Tokens (DGX)
Digix is also a gold-backed but it's stablecoin from Singapore. This platform uses a unique protocol called PoA (Proof of Asset) or Pop (Proof of Provenance) to ensure smoonth transactions. Digix places LBMA-Approved gold Bullion its Safe House vaults to guarantee the exchange rate.
The Digix was launch in 2016 and using they use Ethereum EIP20 format, any users can use them for ethereum contracts.
3. GoldMint (MNTP)
The same with DGX, GoldMint is a Russian blockchain platform issues stablecoins backed by 100% physical gold or ETFs "Exchange-traded funds".
GoldMint PoS blockchain-based platform for recording gold loans from Pawn Shops and creating open data portfolios. The information ensures the MINT blockchain issues the correct amount of Gold tokens. Masternode operators earn commissions for every transaction of the MINT blockchain. Owing to the widespread pawnshop access, GoldMint exceeded 5,000 kg of scrap gold trading annual turnover in less than two years of trading gold tokens.
4. OneGram (OGC)
OneGram is made by UAE(United Arab Emirates) an Islamic country. Making the coin Sharia complaint will endear it more widely to the native population. People know that Gold is one of the six ribawi commodities (together with silver, wheat, barley, dates, and salt) which are free to trade in the Muslim world.
OGC use Proof of Stake (PoS) blockchain to facilitate fast transactions. They believe that because of OneGram they can open up the Arab and South Asian markets to cryptocurrency.
OneGram won the IRBA Best Islamic Cryptocurrency by 2017, Best Islamic Fintech Product/initiative of 2018 and The People's Choice Award for 2018.
5. Ekon Gold (EKG)
Ekon is also build by Ethereum blockchain ERC20 token. Each Ekon token corresponds to 1 gram of gold 999. It is a stable coin developed by Eidoo that is 100% backed by physical gold. All gold from Ekon securelystored in a Swiss vault and so easy to manage and transferable.
It is possible to redeem EKG for physical gold bars. 1 EKG is 1g of Gold.
What's your favorite gold-backed crypto projects? Let us know and comment below.
