Digital Gold Gram
Blockchain-based Gold Syariah Account
Last updated
Blockchain-based Gold Syariah Account
Last updated
Digital Gold Gram Account Overview
Product Name: Digital Gold Gram Account Platform: Ethereum Public Blockchain Introduction: The Digital Gold Gram Account leverages the security and liquidity of the Ethereum blockchain to offer a unique financial instrument tied to the value of gold. By utilizing Ethereum, the world's leading smart contract platform, this product provides unparalleled transparency and accessibility in the digital gold market.
Key Features:
Blockchain-Backed Stability: Each Digital Gold Gram is 100% backed by gold, ensuring stability and trust. This backing is governed by a meticulously crafted smart contract, ensuring that existing liquidity pools fully support every new issuance of Digital Gold Grams.
Smart Contract Governance: The integrity of the Digital Gold Gram issuance is maintained through smart contracts on the Ethereum blockchain. These contracts require verification for each transaction, supported by liquidity pools specifically for the XAUT token. The XAUT token, detailed on Tether Gold, represents digital gold backed by physical gold, ensuring each unit's tangible value.
High Liquidity and 24/7 Trading: Liquidity is crucial for any financial instrument. Digital Gold Gram provides significant liquidity options, including a $1.3 million USD liquidity pool for XAUT, available around the clock for trading on DEX Guru. Additionally, the PAXG token, equivalent to one ounce of gold per unit, has an extensive liquidity pool of approximately $21.1 million USD, also available on DEX Guru and described on Paxos Gold.
Versatile Trading Operations: Digital Gold Gram Accounts are operational for 24 hours every day and support a range of transactions, including minting, buying, selling, burning, and transferring Digital Gold Grams. Users can also provide liquidity for two key trading pairs: Gram/XAUT and Gram/PAXG.
Accessibility and Flexibility: This product is designed to cater to novice and experienced traders by providing a flexible, secure platform for digitally trading and investing in gold. It combines the inherent stability of gold with the efficiency and transparency of blockchain technology, making it an attractive option for diverse investment portfolios. In addition, the Digital Gold Gram aims to be usable for payments as small as 0.001 Gram, making it suitable for micro-payments and transactions.
