Like other gold-backed tokens, Meld Gold makes gold accessible to small investors. The tokens allow the transaction of gold in real-time and can also eliminate some of the volatility that comes with the procurement of physical gold.
The token, at least in theory, shields investors from steep inflation as it happens in mainstream crypto markets. It also can eliminate slow transactional times, one of the biggest problems with the physical metal market.
Each token digitizes the Meld Digital Gold Certificates, backed by physical gold. The tokens can be secured on the Algorand Wallet, which users can then monitor their token value. It allows decentralized storage and holding globally at any location and time.
Features:
- Can be purchased through the over-the-counter markets and from Meld partners
- Algorand, on which the tokens said, supports atomic swaps and standard asset tokenization features
- The token can be converted to any fee and crypto on an exchange or back to gold certificates and physical gold
