Cryptocurrency Q&A
What is gold token?
What is gold token?
Dreamchaser
Sat Nov 16 2024
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6 answers
989
I'm curious about gold tokens. Could someone explain what they are and maybe provide some context or examples of how they're used?
6 answers
alexander_clark_designer
Mon Nov 18 2024
The vault is managed by a third-party entity.
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TimeRippleOcean
Mon Nov 18 2024
With gold tokenization, each digital token on the blockchain corresponds to a specific amount of physical gold.
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ThunderBreezeHarmony
Mon Nov 18 2024
Gold tokenization is a process that involves creating digital tokens on a blockchain.
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Riccardo
Mon Nov 18 2024
These tokens represent ownership rights of physical gold bullion or coins.
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ShintoMystical
Mon Nov 18 2024
For instance, one onchain token can signify one gram of gold that is stored offchain.
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