NGOLD, a company leveraging blockchain technology to revolutionize gold investments, has announced the launch of its Founder Members program. This initiative introduces a limited offering of 1,000 AuPacks, each containing 10 NGOLD tokens equivalent to 10 grams of pure 24-karat gold. The program represents a significant development in the intersection of traditional asset investment and cryptocurrency innovation.
Operating on the Polygon network, NGOLD’s stablecoin is directly linked to the international gold price set by the London Gold Fixing. This connection ensures that each token maintains a stable value backed by physical gold and certified gold reserves. The use of the Polygon network also provides benefits such as fast transactions and low fees, addressing common concerns in cryptocurrency transactions.
The Founder Members program offers several incentives to early investors. Participants receive a 30% reward in additional NGOLD tokens with each AuPack purchase, effectively increasing their gold-equivalent investment. The program also includes a high-yield staking option, offering a 12% annual reward. These features are designed to attract both gold enthusiasts and cryptocurrency investors looking for stable yet potentially lucrative investment opportunities.
NGOLD’s approach to gold investment eliminates traditional barriers such as storage concerns and high transaction costs associated with physical gold. By tokenizing gold on the blockchain, NGOLD aims to make gold investment more accessible and manageable for a wider range of investors. The absence of spread in buying and selling NGOLD tokens at the international gold price further enhances the transparency and fairness of the investment process.
The launch of this program could have significant implications for the gold investment market. By combining the stability of gold with the flexibility of cryptocurrency, NGOLD is positioning itself at the forefront of a potential shift in how people invest in precious metals. This model could attract investors who have been hesitant to enter the cryptocurrency market due to volatility concerns, as well as traditional gold investors looking for more liquidity and ease of transaction.
NGOLD’s backing by Connpanny LLP, a British financial technology expert, and Napoleon Gold Mine, an experienced gold production and trade company, adds credibility to the project. The involvement of these established entities suggests a serious attempt to bridge the gap between traditional finance and the emerging world of blockchain-based assets.
Interested investors can participate in the Founder Members program by visiting https://www.founders.ngold.io/ and following the provided instructions to set up a wallet on the Polygon network and purchase AuPacks. The current price of an AuPack is set at 840 USDT, reflecting the current international gold price.
As the cryptocurrency and blockchain industry continues to evolve, initiatives like NGOLD’s Founder Members program represent the ongoing efforts to create more stable and accessible investment options within the digital asset space. The success of this program could potentially influence future developments in how traditional assets are tokenized and traded on blockchain networks.
This news story relied on a press release distributed by BlockchainWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp™. The source URL for this press release is NGOLD Introduces Founder Members Program with Gold-Backed Stablecoin.