RATE Group | Nearly 80 crypto projects supposedly backed by gold
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Nearly 80 crypto projects supposedly backed by gold

27 Jan Nearly 80 crypto projects supposedly backed by gold

Posted at 14:01h in Cryptocurrency News by

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Everyone in the crypto community has heard
Bitcoin’s alternative name of ‘digital gold.’ However, it is worth noting that
there are nearly 80 other projects that are active right now, that are backed
by actual physical gold.

More and more crypto projects continue to emerge with claims that their assets are backed by physical gold. According to recent data, there are around 77 active projects backed by gold right now, while around 30 others that claimed the same have failed.

Some examples of gold-backed projects that still
around include Digixglobal’s DGX, Darico (DEC), the recently-announced Tether
Gold (XAUt) Blockstock (BSO), GoldMint (MNTP), GramGold Coin (GGC), AurusGold
(AWG), Cash Telex (CTLX), and many others.

Is gold the future of money?

Still, these projects only scratch the surface
of the gold-backed altcoins in the crypto industry today, as many others were
launched with the same idea in mind, some of which have even managed to fail
already. As mentioned,…

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