Top Tokenized Gold Tokens by Market Capitalization

Question 1

How does Tokenized Gold work?

Answer

Tokenized Gold works by using blockchain technology to create a digital representation of physical gold. Each token is backed by a certain amount of gold, which is stored in a secure location. When a person buys a gold token, they are essentially buying a claim to a certain amount of gold. These tokens can be bought, sold, and traded just like any other digital asset. The underlying gold can also be redeemed by the token holder, if they wish to do so.

Question 2

What are the benefits of Tokenized Gold?

Answer

There are several benefits to Tokenized Gold. Firstly, it allows for fractional ownership of gold, which can make it more affordable and accessible to a wider range of investors. Secondly, it provides a way to invest in gold without having to worry about storage or security, as the physical gold is stored in a secure vault. Thirdly, it offers the potential for increased liquidity, as the tokens can be easily bought, sold, and traded. Lastly, it provides a way to invest in gold that is transparent and easily verifiable, thanks to the use of blockchain technology.

Question 3

What are the risks of Tokenized Gold?

Answer

While Tokenized Gold offers many benefits, it also comes with certain risks. One of the main risks is that the company issuing the tokens could go bankrupt, which could make it difficult for token holders to redeem their gold. There is also the risk that the gold backing the tokens could be stolen or lost. Additionally, while blockchain technology is generally secure, there is always the risk of hacking. Lastly, the value of gold can fluctuate, which means that the value of the tokens can also fluctuate. As with any investment, it's important to do your own research before investing in Tokenized Gold.

	#	Name	Price	1h %	24h %	7d %	Market Cap	Volume(24h)	Circulating Supply	Last 7 Days
	119	Tether Gold XAUt	$2,385.31	0.05%	0.21%	0.77%	$588.04M$588,037,085	$3,055,906 1,281 XAUT	246,524 XAUt
	153	PAX Gold PAXG	$2,370.23	0.08%	0.08%	1.08%	$436.69M$436,687,853	$6,798,208 2,868 PAXG	184,239 PAXG
	1075	Comtech Gold CGO	$76.66	0.24%	0.03%	0.46%	$10.81M$10,809,219	$592,354 7,727 CGO	141,000 CGO
	1826	VNX Gold VNXAU	$77.41	1.77%	1.64%	0.78%	$781,861.78$781,862	$119,769 1,547 VNXAU	10,100 VNXAU
	6984	tGOLD TXAU	$71.45	1.36%	0.20%	2.49%	$6.67M$6,673,032	$234 3 TXAU	93,399 TXAU
	8953	Digix Gold Token DGX	$44.68	0.02%	1.41%	1.61%	--	--	--
--	--	Perth Mint Gold Token PMGT	--	--	--	--	--	--	--	--
--	--	Collective Finance CGLD	--	--	--	--	--	--	--	--

Top Tokenized Gold Tokens by Market Capitalization

Frequently Asked Questions (FAQs)

What is Tokenized Gold?

How does Tokenized Gold work?

What are the benefits of Tokenized Gold?

What are the risks of Tokenized Gold?