Tag: Gold backed Token

Gold maintains its safe-haven status, while comparison with Bitcoin and stablecoins persists.   Gold has been a proven protective hedge against inflation for years. Now in the persisting aftermath of Terra’s collapse and continued geopolitical tensions, some crypto investors might be turning to gold-pegged tokens to weather the crypto winter.  Stablecoins’ Struggles Spotlight Gold Stablecoins were created in response to crypto’s volatility. They are a hybrid between the volatility of cryptocurrencies and the stability of fiats or commodities. This means…

Asia Broadband Inc. (OTC: AABB), a resource company in the precious and base metals business, is rolling out one crypto-related service after the other in a bid to connect the gold and crypto markets. So far, the company has released a gold-backed token (AABBG), a crypto exchange, and a crypto wallet. Currently, it is ready to launch a crypto payment gateway, PayAABB, expanding its ecosystem and bridging the gap between gold and crypto. In this AABB review, we look closely…

Gold has long since been considered a safe asset. Therefore, it is no surprise that experts are always looking for ways to come up with gold-backed digital assets. However, the search for gold-backed digital assets intensified after Bitcoin’s price reached parity with gold in 2017. Blockchain technology has long established itself as a secure accounting method and has brought about a new approach to searching for these assets.  There have been several gold-backed cryptocurrencies, and the newest player in the…

Today on 26th February 2020, SudanGoldCoin is pleased to announce that it will be launching its IEO on ChainX digital currency exchange, which is a reputable Korean exchange. The new blockchain project is the first of its kind and will bring together blockchain technology, a decentralized platform, and real production of gold. Key Players in the Project According to the SudanGoldCoin white paper, the project is a cutting-edge blockchain project that aims to develop a revolutionary decentralized platform for trading…

It is no news that the advent of cryptocurrencies heralded an era of digitization and the unity of the global economy by equipping the world with an independent, transparent, and alternative financial system. However, the crypto market's constant upheavals soon revealed that the digital economy's bedrocks were not free from the global market's constraints and dynamics. As such, the viability of basing fiscal values on futuristic technological projects became a subject of debate in large circles, placing a limit on…

Gold, together with most precious minerals, has been known as a good store of value ever since it was first discovered. Storing these minerals serves as a hedge against the volatility of currencies and the downfall of economies. It also attained a payment method, where individuals can use it to pay for goods and services. The scarcity and limited supply rather made gold turn into an asset to store wealth, rather than being used as a payment method. The supply…