The Perth Meant Gold Token is a tokenized version of the GoldPass certificate at a ratio of 1:1, which is also backed by physical gold at a ratio of 1:1. Each certificate can be traded for tokens, as can the tokens for certificate and fiat on digital asset exchanges.
Physical gold is stored in Perth Mint’s central bank. The Government of Western Australia guarantees the gold.
The token is like other cryptos, easily transferable and divisible. It can be redeemed back to gold or other fiat equivalents at any time. The fiat connection unlocks liquidity even for the biggest trades. The crypto does not have any transaction, storage, or management fees. This makes it one of the world’s most influential and affordable gold-backed tokens or gold-backed cryptocurrencies.
Features:
- The token can be redeemed in multiple Perth Mint products, from a small 1-ounce cast bar to a 400-ounce LBMA-accredited London Good Delivery bar
- The Earth Meant publishes all balances of GoldPass accounts, meaning anyone can publicly verify the backing of the token with gold
- 1 PMGT is equal to 1 ounce GoldPass certificate and 1 ounce of physical gold.
- Tokens can be traded on the over-the-counter gold market XAU
