Bitfinex recently released digital gold, or XAUT, where X is just there to make the name look cool, AU is the symbol for gold and T means Tether, the subsidiary of Bitfinex behind USDT and now XAUT.
They have already started issuing some trading pairs with it, starting with, you guessed it, USDT.
I feel that at some point, they'll introduce an XAUT/BTC pairs which will really be comparing digital gold to, well digital gold. But that's not the point of this post.
My main reason for writing this post is to look at the possible pairing of BAT against the value of Gold.
What good will that do, you ask?
Well, most people, believe it or not, actually wish to own gold, regardless of the amount.
Making it possible to exchange your BAT for gold will be insane.
Most people receive BAT tokens from the Brave browser for free. They can accumulate these free tokens and use them to purchase little bits of gold. It's literally getting free gold
This will not only increase the value of BAT in the long run, but will also ensure that BAT stays relevant, and might even eventually be referred to as 'internet gold'.
Of course the exchange rate will be miniscule, but that's the main idea. Allowing everyone to own and trade those little bits of gold. The prospects are endless.
What do you think?
Let me know down below.
