Eidoo’s Ekon Gold (EKG) is the meeting point between – gold – and cryptocurrency. This is to offer a store of value and to beat the value fluctuations of cryptocurrencies.
Ekon Gold is a physical gold bars-backed cryptocurrency developed by Eidoo, a Swiss-based company that runs a hybrid exchange and cryptocurrency wallet for bitcoin (BTC), ethereum (ETH) and all tokens based on the Ethereum blockchain (ERC20 and ERC231).
Ekon.Gold is an ERC20 token that is equivalent to 1 gram (999) of fine gold. It is stored in a certified and insured Vault in Switzerland.
It is properly audited (by PluriAudit SA, an independent auditing firm registered under the laws of Switzerland), transparent and fully backed – for real.
Ekon Gold stands out among the other few stable coins backed by gold thanks to its 1:1 pegging with a gram of gold and thanks to it being redeemable – all this is offered with no storage fees.
To guarantee a 100% transparent process 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.
Thomas Bertani, Director of Eidoo, explained:
“For a long time, gold has been a great option in terms of store of value and investment diversification. Downsides remain on carrying it around and having it secured. Thanks to blockchain, we can have the best of both worlds – digital gold to keep gold’s unique properties in our pocket. I like to refer to Ekon as ‘Gold for Millennials’.”
EKON Gold complies with the related Laws of Switzerland, Know-Your-Customer( KYC) and Anti Money Laundering ( AML) regulations. To buy Ekon Gold, users shall complete EidooID’s Tier 2 Identity verification.
Ekon tokens can be bought through the Eidoo app that is available for iOS, Android and desktop.
For more info related to Ekon, please join the official chat https://t.me/EkonGold