GOLDx claims to be the first gold protocol built upon Open Gold Protocol by dForce. It is a digital gold token (ERC-20 token) deployed on Ethereum and is denominated in gram. As a synthetic and decentralized digital gold token, GOLDx is 100% backed by constituent gold tokens on-chain (currently with PAXG as its sole constituent gold reserve) with price following the gold price on LME. GOLDx is featured by 0% on-chain transaction fees and is 100% compatible with all DeFi application, making it easy for DeFi integrations.

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