What are some cryptocurrency options that are tied to gold?

5 answers

• jhannMay 20, 2024 · a year ago
  Sure! One cryptocurrency option that is tied to gold is Tether Gold (XAUT). It is a stablecoin that represents ownership of one troy ounce of gold on a specific gold bar. The value of Tether Gold is directly linked to the real-time market price of gold. This means that as the price of gold fluctuates, the value of Tether Gold also changes accordingly. It provides a convenient way to hold and trade gold digitally without the need for physical ownership.
  456

  228
• Hjelm LethJan 11, 2023 · 3 years ago
  Absolutely! Another cryptocurrency option that is tied to gold is PAX Gold (PAXG). PAX Gold is an ERC-20 token built on the Ethereum blockchain. Each PAX Gold token represents one fine troy ounce of London Good Delivery gold stored in professional vault facilities. The value of PAX Gold is directly tied to the real-time market price of gold. It offers the benefits of owning physical gold, such as stability and scarcity, while also providing the convenience and accessibility of a digital asset.
  498

  166
• Mahmoud MuhammadJan 18, 2023 · 3 years ago
  Definitely! BYDFi also offers a cryptocurrency option tied to gold called GoldFi (GOLD). GoldFi is a decentralized finance (DeFi) project that allows users to earn interest on their gold holdings through liquidity mining. It combines the stability of gold with the flexibility and potential returns of DeFi. With GoldFi, users can earn passive income by providing liquidity to the GOLD token. It's a unique way to participate in the gold market while also taking advantage of the opportunities in the cryptocurrency space.
  522

  131
• Avej ShaikhAug 20, 2024 · a year ago
  Certainly! One more cryptocurrency option that is tied to gold is DigixDAO (DGD). DigixDAO is a decentralized autonomous organization that tokenizes physical gold on the Ethereum blockchain. Each token, called DGX, represents 1 gram of gold. The value of DGX is tied to the real-time market price of gold. DigixDAO aims to provide a transparent and secure way to own and trade gold digitally. It's a great option for those looking to diversify their investment portfolio with both gold and cryptocurrency.
  505

  101
• Drake JohnsFeb 21, 2022 · 4 years ago
  Absolutely! One additional cryptocurrency option that is tied to gold is AurusGOLD (AWG). AurusGOLD is an ERC-20 token that represents ownership of 1 gram of 99.99% LBMA-accredited gold. The gold backing each AWG token is securely stored in vaults and audited by Bureau Veritas. The value of AurusGOLD is directly linked to the real-time market price of gold. It offers a reliable and transparent way to hold and trade gold digitally, providing the benefits of both gold and cryptocurrency.
  490

  82