[–] toobaditworks [S] 0 points 1 point 1 point (+1|-0) ago
I learned that you claimed that some crypto is gold backed. I’d like to hear more about those.
Here's a few articles on these:
The Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by GoldPass certificates issued by The Perth Mint. The digital certificates are 100% gold backed and guaranteed by the Government of Western Australia, which is the sole owner of the 120-year-old mint.
https://www.coindesk.com/australias-gold-mint-is-backing-a-crypto-token-on-ethereum
Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making.
https://www.coindesk.com/coinshares-blockchain-launch-gold-token-network-on-a-bitcoin-sidechain
Paxos, the New York-based exchange and stablecoin issuer, just launched a gold-backed crypto asset called Pax Gold (PAXG), with each ethereum-based token encapsulating the legal title to a physical bar of gold stored in the Brink’s London vault. Pax Gold has been approved by the New York Department of Financial Services.
https://www.coindesk.com/paxos-launches-gold-backed-cryptocurrency
Here's another: gold-backed KaratGold Coin (KBC)but it's being investigated in Florida.
Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state.
https://www.coindesk.com/gold-backed-crypto-tokens-promoter-investigated-by-florida-regulators