Gold DAO launches GLDT, the first gold backed token by governed a DAO

Gold DAO launches the GLDT token, the world’s first gold token backed entirely by physical gold, fully decentralized, issued and governed by a DAO on Internet Computer (ICP).

What it’s? A GLDT token represents 0.01 gram of physical gold. It’s obtained by minting gold NFT (GLD NFT) at a rate of 1 gram of gold NFT to 100 GLDT tokens. Each gold NFT is linked to a specific physical 999.9‰ gold (LBMA standards) secured, insured and stored in Switzerland.

What is the utility? GLDT tokens can be used for wealth preservation, payment, DeFi collateral, physical gold redeeming and other use cases. The next phase for Gold DAO is to work on $USDG project, a gold backed USD stablecoin which is collateralized by GLDT.

With this launch, Gold DAO aims to bring together onchain the stability of gold with the flexibility of digital currency. Entrepreneurs, developers and partners are invited to build products and services that integrate the GLDT token.

Smart Contract: Gold DAO’s canister address on the Internet Computer blockchain: 6c7su-kiaaa-aaaar-qaira-cai