Gold-Backed Cryptocurrencies

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Seems like the there are a lot of actors jumping into this market now ...


 
How much gold that backs a token can determine competitive demand unless there is an industry standard.
 
Looks like Aurus has bitten the dust...

 
"Bhutan has officially launched TER, a sovereign-backed gold-backed digital token on the Solana blockchain, marking a landmark step in the Himalayan kingdom’s digital monetary strategy."

 
It was only a matter of time for the World Gold Council to get onboard with gold tokenization. Imo tokenized gold products are going to replace gold ETFs

 
More on the WGC plan (video at link):

As I understand it, and I don't fully grok it - their language is somewhat vague, they aren't planning to develop their own tokenized gold product. They want to build an umbrella system that existing tokenized gold products would plug in to. I'm not sure what the potential benefit of such an umbrella would be or why anyone would want to use it. I guess we'll have to wait and see.

The WGC did publish a white paper, but to access it, you have to give them your email address. I'm lacking the motivation to generate a burner email to access it:

 
Promoting and supporting trade of audited gold products is a huge potential benefit.
I'm not going to mention which is currently the only gold tokens that could make it into that platform!

 
So far none of those gold backed tokens is happening. However, send me your gold and I will send you some tokens of my own including this free sample for anybody that wants some.

111000101000100100001110100100101001
 
Some of those gold backed tokens are happening. For example there is a network of merchants accepting gold backed currencies, just like during the gold standard. You support the gold standard right?
 
I like Gold backs and pre-1933 if that's what you mean. Educate us with the list the gold tokens that are functioning.
 
As far as I'm concerned the only gold tokens that are functioning are the ones that do third-party audits of their gold inventories. Speaking of gold tokens @pmbug, I understand that the outbound links here are of the nofollow art. Would it be possible to transform this link to my website into a dofollow one?
 
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