Ekon Gold is now available on the Eidoo Hybrid Exchange
Ekon Gold is now available on the Eidoo Hybrid Exchange

Ekon Gold is now available on the Eidoo Hybrid Exchange

By Eleonora Spagnolo - 21 May 2019

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Today the stablecoin Ekon Gold (EKG) has been announced on the Eidoo Hybrid exchange, so it is now possible to buy EKG with cryptocurrencies such as Ethereum (ETH) and Tether (USDT) through the Eidoo app.

Moreover, through the Eidoo app, it is also possible to buy EKG with EUR wire transfer.

Ekon Gold is a cryptocurrency backed by physical gold bars developed by Eidoo, a Swiss-based company that runs a hybrid exchange and a cryptocurrency wallet for bitcoin (BTC), ethereum (ETH) and all tokens based on the Ethereum blockchain (ERC20 and ERC231).

EKG Token Price (USD) is pegged to gold (spot price): 1 EKG is backed by 1 gram of fine gold (999) and redeemable at any time. Ekon Gold is backed by real physical gold, stored in a certified and insured vault in Switzerland.

It is properly audited (by PluriAudit SA, an independent auditing firm registered under Swiss laws), transparent and fully backed – for real.

To guarantee 100% transparency, all the token holders are able to monitor the actual backing – physical gold bars – stored in the vault via the real time streaming of a web-camera.

EKON Gold complies with the relevant laws in Switzerland, Know-Your-Customer (KYC) and Anti Money Laundering (AML) regulations. To buy Ekon Gold, users must complete EidooID’s Tier 2 Identity verification.

Eleonora Spagnolo

Journalist passionate about the web and the digital world. She graduated with honours in Multimedia Publishing at the University La Sapienza in Rome and completed a master's degree in Web and Social Media Marketing.

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