Gold DAO, an innovative project initiated by DAO.Link, is set to redefine the gold market by digitising and democratising gold ownership through cutting-edge blockchain technology. This groundbreaking initiative combines the timeless value of gold with the transformative power of blockchain, offering a secure, transparent, and accessible platform for trading physical gold globally.
Zurich, Switzerland, 6th Dec 2023 – Gold DAO, an innovative project initiated by DAO.Link, is set to redefine the gold market by digitizing and democratizing gold ownership through cutting-edge blockchain technology. This groundbreaking initiative combines the timeless value of gold with the transformative power of blockchain, offering a secure, transparent, and accessible platform for trading physical gold globally.
For millennia, gold has symbolised wealth, prestige, and craftsmanship. However, its physical limitations have hindered its practicality as a currency. Gold DAO addresses this by digitising gold into blockchain-based tokens, blending the intrinsic value of gold with the benefits of decentralisation, transparency, and security offered by blockchain technology.
Collaboration and rigorous compliance for a Digital Gold Ecosystem
The Gold DAO project is a collaborative effort involving industry leaders like ORIGYN Protocol, Yumi Marketplace, DFINITY Foundation, Bity, Metalor, Loomis, KPMG, and Quantum Agency. This alliance aims to revolutionise gold transactions, making them more accessible and secure for everyone.
Gold DAO’s primary focus is on security, compliance, and cross-chain capabilities. Physical gold, insured and stored in Switzerland and audited by KPMG, forms the backbone of this project. The Internet Computer Protocol (ICP) is utilised to establish a Service Nervous System (SNS), ensuring decentralisation and project security.
The tokenomics of Gold DAO, conceptualised by Dr. Yulin Liu, a renowned monetary theorist, ensures a stable and sustainable ecosystem. SNS holders of GLDGov tokens will actively participate in governance, influencing decisions and sharing in the project’s revenue.
DAO Link is the entity that launched Gold DAO. Their CEO, Julien Aerni, had this to say about the launch:
“This is a momentous occasion of fusion between established practices and cutting-edge innovation. Instead of trying to replace gold as the premiere symbol of value in the world, we are using the most advanced technology to make the market better, faster, smarter, safer, and more accessible. It’s a dream come true.”
Gold DAO’s strategy unfolds in three phases:
- Phase 1: Completed by ORIGYN and Yumi, involving the creation of GLD-NFTs linked to physical gold bars in secure storage.
- Phase 2: Introducing fungibility to GLD-NFTs, creating a liquid digital gold token, GLDT, for broader use as a medium of exchange cross blockchain, hence increasing the usability of GLDT among different ecosystems.
- Phase 3: Developing a gold-backed stable-coin pegged to the US dollar, expanding the utility and stability of digital gold assets.
Engaging the community: giveaways and Twitter Spaces
To celebrate the launch and engage the community, Gold DAO announces a special giveaway on its official Telegram channel, offering 10 x 1 g of gold to lucky winners. Additionally, Gold DAO will feature in an influential Twitter Space hosted by @Crypto_TownHall, discussing Real World Assets (RWA) in Crypto and spotlighting Gold DAO.
The ORIGYN foundation has generously donated 500 million $OGY tokens to support the Gold DAO SNS, providing a robust foundation for the project’s success. Gold DAO invites the community to engage, contribute, and be part of this transformative journey.
All of these initiatives and further information on how to participate can be found on Gold DAO’s X.com (formerly Twitter) profile, found here:
https://twitter.com/gldrwa
Contact and Further Information
For more information or to engage with Gold DAO, please contact info@golddao.org or visit https://linktr.ee/golddao.
About Gold DAO
Gold DAO, initiated by DAO.Link, is a visionary project aiming to integrate the traditional value of gold with the innovative potential of blockchain technology. By creating a secure, compliant, and accessible platform, Gold DAO is set to transform the way gold is traded and owned, making it a viable and practical asset for the digital age.
Media Contact
Organization: DAO Link
Contact Person: David
Website: https://gold-dao.org
Email: Send Email
City: Zurich
Country: Switzerland
Release Id: 0612238044