GLDT price

GLDT

#5100

GLDT stands for “Gold Token”, being a fungible token backed by GLD NFTs. GLD NFTs are NFTs that represent irrefutable ownership of physical gold bars. 1 GLDT represents exactly 0.01g of gold. GLD NFTs can be swapped at a ratio of 1g for 100 GLDTs, whereby the GLD NFTs get locked in the smart contract and the corresponding GLDTs get minted.

GLDT is launched and governed by the Gold DAO, a real-world asset (RWA) project that tokenizes physical gold bars into Gold tokens and gold-backed stablecoins.

Gold DAO is a decentralized autonomous organization (DAO) that combines the traditional value of gold with blockchain technology, specifically through the Internet Computer Protocol (ICP). It utilizes GLD NFTs to tokenize real, high-quality gold bars stored in Switzerland, ensuring ownership of physical gold is transparent, secure, and easily transferable. These GLD NFTs, built on the ORIGYN protocol (https://www.origyn.com/), are triply audited by KPMG for utmost transparency and reliability. GLD NFTs can then be locked and swapped for GLDT tokens via the GLDT Swap (https://gldt.org/swap), making the minted GLDT a fully gold-backed, decentralized gold token governed by a DAO. This system bypasses traditional financial intermediaries, making gold investment globally accessible and democratizing it for all, without geographic barriers.

What makes your project unique? GLDT is the first fully decentralized gold-backed gold token governed by a Decentralized Autonomous Organization (DAO). Each GLDT token represents 0.01 grams of physical gold securely stored in Swiss vaults, ensuring transparency and trust. The backing through the GLD NFTs to ensure transparency and the direct link with the physical gold bars is unique. GLDT is decentralized issued by the smart contract where the GLD NFTs are locked and the GLDT minted. This fractionalization allows for micro-transactions and increased liquidity, making gold more accessible in the digital economy.

History of your project? The Gold DAO project was launched to integrate physical gold with blockchain technology, creating a stable and decentralized financial ecosystem based on gold. The project introduced three primary products: Gold NFT (GLD NFT), Gold Token (GLDT), and a USD-pegged stablecoin (USDG). GLDT was recently launched to act as a bridge between physical gold and the digital ecosystem, offering increased liquidity and the ability to transfer micro amounts of gold.

What's next for your project? Looking ahead, the project plans to introduce a USD-pegged stablecoin (USDG) backed by GLDT, providing a robust collateral option and offering a more stable and reliable alternative to other forms of stablecoins. Additionally, the project aims to enhance cross-chain functionality, enabling GLDT to be used across various blockchain networks, thereby increasing its utility and adoption in the decentralized finance (DeFi) ecosystem.

What can your coin/token be used for?

Store of Value and Inflation Hedge: GLDT serves as a digital asset backed by physical gold, making it a reliable store of value, especially in times of economic volatility. It provides a stable alternative to fiat and other cryptocurrencies, offering protection against inflation. Microtransactions and Fractional Ownership of Gold: Each GLDT token represents fractional ownership of physical gold (0.01 grams), enabling users to buy, sell, and transact with small amounts of gold. This fractional approach makes gold investment accessible and liquid, which is challenging with traditional gold investments. Decentralized Finance (DeFi) Integrations: As a tokenized asset, GLDT can be used as collateral in DeFi applications, allowing users to participate in lending, borrowing, and yield farming while retaining exposure to gold. This flexibility supports portfolio diversification within the DeFi ecosystem. Cross-Border Payments: GLDT facilitates fast and secure cross-border transactions backed by a globally recognized asset, making it a valuable tool for remittances and international payments where traditional banking channels might be limited or expensive.