In 2017 the price of bitcoin reached parity with gold (by ounce) which grabbed the attention of gold investors around the world. With the current crypto mania there has been a surge in interest with the concept of gold-backed cryptocurrencies.
A brief history of digital gold currency
The idea of a gold digital currency has always had an appeal for those looking for an alternative payment system. Not long after the internet went mainstream E-Gold emerged as first digital currency backed entirely by gold in 1995. At its peak, millions of people around the world were using this service until it was shut down.
Other attempts to make a digital gold currency were also made, but this was before the age of Bitcoin and blockchain technology.
Now with blockchain technology established as a secure accounting method, and with Bitcoin becoming better known to the general public, a new era of gold-backed cryptocurrency is emerging. There is a proverbial (and literal) gold rush happening now in the crypto world, and even countries are looking to issue their own gold-based cryptocurrency.
The basic concept is certainly compelling. A token or coin is issued that represents a value of gold (for example 1 gram of gold equals 1 coin). The gram of gold is stored by a trusted custodian (preferably third party), and can be traded with other coin holders.
At a minimum the price of the coin will always equal the current gold rate. If the cryptocurrency becomes popular then the price of the coin can potentially increase in value, greater than the value of gold. If the cryptocurrency doesn’t take off then the value remains as the value of the gram of gold. It’s like a built-in stop-loss.
There of course many risks as well. While the blockchain accounts for the coins, accounting for physical stored gold is another matter. When evaluating such tokens look for who actually owns the gold and how it is stored. In this regard our online gold partner BullionVault as a good example of accountable gold storage. When evaluating a gold crypto make sure that you own the gold.
Buy gold with bitcoin
If you are just looking to buy gold with bitcoin, the easiest and safest way is to open an account at Vaultoro. This is a gold vaulting service which allows you to buy and sell gold with bitcoin and other altcoins. The gold is 100% your legal property, and is fully insured in Swiss vaults. Vaultoro is ideal if you prefer to park your crypto gains in gold instead of cashing out into a fiat currency. Read more about Vaultoro.
Gold-Backed Cryptocurrency Directory
This is a current list of gold-backed cryptocurrency. This is a directory and not an editorial endorsement, so research all of the alternatives before investing. Some of the cryptocurrencies listed here don’t detail how they store and account for gold either, so proceed with caution. Any questions regarding each coin should be referred to their social media channel or forum listing.
Since this post was first published there have been new coins added to the list and some are now ready to buy. The list is now sorted in order of availability.
Pre-ICO
A Pre-ICO (or ICO Pre Sale) is a token sale that is offered before the official ICO campaign or crowdsale goes live. There are fewer tokens offered at this point, and they are often sold at a discount which helps the project pay for the expenses of the launch.
Golden Currency
Name: Golden Currency (PGCT)
Location: Singapore
Website: goldencurrency.world
Golden Currency plans to be first global private currency on blockchain, both paper and electronic, 100% backed by gold. Pre-ICO on until July 2018.
GoldVein
Name: Gold Vein Token (CVT)
Location: Russia.
Website: goldvein.io
GoldVein is a blockchain platform for investment in gold mining. The gold value of the token increases in value depending on the amount of gold mined.
The Pre-ICO runs from April-June 2018, ICO August-September 2018, and tokens will be placed on exchanges December 2018.
GoldMineCoin
Name: GoldMineCoin (GMC)
Location: Russia.
Website: goldminecoin.io
GoldMineCoin is – as the name suggests – is a coin backed by a gold mine. This crypto-currency is secured by gold deposits in the Magadan Region of the Russian Federation. This set up resembles the exploratory mining companies that frequent the penny stock listings. You have a high risk of not finding gold and potential high reward of hitting a productive gold mine.
Pre-ICO runs until August 2018.
Upcoming Pre-ICO
AgAu
Name: AgAu (?)
Location: Zug, Switzerland.
Website: agau.io
AgAu gets its name from the symbol for the chemical elements argentum, for silver, and aurum, for gold. AgAu is fully decentralised ownership of cryptocurrencies 100% backed by physical and allocated gold and silver. 1 AgAu Gold token = 1 g of LBMA Gold, and 1 AgAu Silver token = 1 g of LBMA Silver.
Pre-ICO begins on 10 June, 2018.
Initial Coin Offering (ICO)
An Initial Coin Offering (ICO) is how a new cryptocurrency raises money for its startup. A token is given a set rate, and there maybe bonuses for early buyers. It is rare to be able to buy ICO tokens with fiat currency, so you will need a stash of Bitcoin or Ethereum first.
Cyronium
Name: Cyronium (CYRO)
Location: Jakarta, Indonesia.
Website: cyronium.com
Cyronium is a gold-backed crypto from Indonesia. Every 1 CYRO token has a guarantee of 1 Cyronium coin. 1 Cyronium coin consists of 20 grams of 99% gold LBMA (London Bullion Market Association). Where Cyronium differ from other offerings is they are offering the option of physical coins that will represent the CYRO token. If you elect to take the physical coin the CYRO token will be destroyed to avoid duplication. The coin will be shipped along with the certificate to the investor’s address. Physical gold will be held in vaults in Singapore.
ICO will be conducted on May 26, 2018. After ICO, Cyronium can be traded in Santara marketplace (www.santara.co.id).
Darico
Name: Darico (DRC)
Location: Zug, Switzerland.
Website: darico.io
Darico is a gold-hedged cryptocurrency investment token backed by gold, bitcoin and ethereum. Each token is comprised of 55% bitcoin, 35% gold, and 10% ether. The gold sits in custodial vaults, and there is an app wallet and a Darico debit card.
The Darico ICO ends on the 30th July 2018.
GoldCrypto
Name: GoldCrypto (AUX)
Location: Belize
Website: goldcrypto.io
AuX tokens by GoldCrypto are a cryptocurrency backed by physical gold. Currently, each 750 AuX Tokens will be backed by one ounce of gold (approximately US$1.70 per AuX Token). This gold backing per AuX Token then progressively increases.
GoldCrypto ICO is on until August 31, 2018.
Flashmoni
Name: Flashmoni (OZT)
Location: London, UK.
Website: flashmoni.io
Flashmoni is a blockchain-powered fintech company that offers a physical gold-pegged cryptocurrency, innovative payment solutions and a smart contract-based advertising solution. In addition to using gold to back their tokens, they also plan to raise funds to directly operate mines to “improve miner’s working conditions, their lives and of the communities where they live.”
There are two gold-backed tokens: OZG which is a private token pegged with 24 K gold stored in Dubai’s DMCC Free Zone and in Singapore. 1 OZG = 1 grain of gold (1 grain is approx 0.065 gram). OZT is the public token tradable on crypto exchanges and OZTs core value is 1/20th of the OZG.
The Flashmoni ICO begins on 11 February 2018.
Lightcash
Name: Lightcash (LCSH)
Location: Belize.
Website: lightcash.io
Lightcash provides a mechanism for convenient transactions, together with the ability to instantly exchange Lightcash tokens for fiat money or cryptocurrencies. Lightcash Crypto Gold is pegged to actual gold, in a ratio of 1000 LCSH’s to one gram of gold. By purchasing tokens, investors receive an ownership share in the gold mining company.
The ICO runs to June 11 inclusive.
Upcoming ICO
Sudan Gold Coin
Name: Sudan Gold Coin (SGC)
Location: Dubai, U.A.E.
Website: sudangm.com
Sudan Gold Coin is a gold mining business with blockchain technologies that offers a fair distribution of the profit. Each token at the beginning will be tied to the 0.05g of gold per token. More gold is added to each token as the gold is physically mined. The mine is located in a study area of over 8000 Km2 in Northern State of Sudan. The Dubai SG mining Co controls 100% of the Sudanese mining company
The ICO begins in 24 August, 2018.
Crypto Exchanges
Once the ICO is over the token will then become available for public exchange on a set date. There are hundreds of cryptocurrency exchanges, but not all exchanges list all tokens. The token website will list which exchange you can buy and sell at, and you will most likely end up opening accounts at a few different exchanges.
This list is all the gold-backed cryptocurrencies that have gone on to graduate to the open market.
AurumCoin
Name: AurumCoin (AU)
Location: ?
Website: aurumcoin.com
Each AurumCoin is backed with 0.75 grams of gold, yet AurumCoin’s par value will always be worth 1 gram of pure gold. When you buy an AurumCoin you buy a digital proof for 1 gram of gold stored and insured in professional high-security gold vaults in Zurich, London, New York, Toronto, Singapore, and Hong Kong.
Exchanges with AU
Coinexchange
Cryptopia
DigixGlobal
Name: DigixGlobal (DGX and DGD)
Location: 32 Carpenter Street, Singapore.
Website: digix.global
DigixGlobal has created two types of Ethereum tokens – each with unique properties. DGX Digix Gold Token represents 1 gram of 99.99% LMBA standard gold, secured in Safehouse vaults. Digix DAO Tokens (DGD) is used to claim quarterly rewards based on the total DGX collected through transaction fees. The DGD value fluctuates based on exchange rates and market forces.
Exchanges with DGD
Binance
Huobi
OkEX
Gold Bits Coin
Name: Gold Bits Coin (GBC)
Location: Australia.
Website: goldbitscoin.com
Gold Bits Coin (GBC) is a partially (15%) gold backed peer-to-peer currency.
Exchanges with GBC
DDEX
Goldmint
Name: GoldMint (MNTP)
Location: Moscow, Russia.
Website: goldmint.io
GoldMint is blockchain based platform which operates with 100% gold-backed cryptoassets, either gold or exchange-traded funds (ETF). The GoldMint platform is built on a private blockchain, based on the Graphene technology. There is no mention of where the gold is stored, or indeed what percentage is physical gold.
Exchanges with MNTP
EtherDelta
YoBit.Net
HelloGold
Name: HelloGold (HGT)
Location: Malaysia.
Website: hellogold.com
HelloGold users can buy and store gold which can be converted to a Gold Backed Token (Goldx), which is backed by 1 gram of gold. The gold is held and accounted for in a partnering vault in Singapore, and it is certified as compliant with the Shari’ah Standard on by the World Gold Council.
Exchanges with HGT
EtherDelta
Coss
HitBTC
KaratBank
Name: KaratBank (KBC)
Location: Singapore
Website: karatbank.io
The KaratBank Coin is a blockchain-based cryptocurrency that is linked to physically deposited gold in the form of the so-called CashGold. The idea behind CashGold is to implement small gold bars on a specific paper which partially looks like a bank note. However, instead of mentioning a specific currency amount, the weight of the implemented gold bar is displayed.
Exchanges with KBC
YObit.net
PureGold
Name: PureGold (PGT and PGG)
Location: Singapore
Website: puregold.io
Puregold is a payment gateway using Gold backed cryptocurrency. They offer two digital tokens called PGT for transactions; and PGG which is a cryptoasset backed by physical gold.
The company uses physical gold (of 999.9 quality) as its security. Puregold’s gold reserves equal or exceed its circulated amounts of PGG gold-backed tokens. The physical gold is stored by a third party in a decentralized storage unit that Puregold stores investment grade gold, gold jewellery, small ingots (up to 100 grams) and coins.
Puregold is part of Puregold.sg, which is a private mint in Singapore with its own in-house factory producing gold and bars.
Exchanges with PGT
Token Store
Xaurum
Name: Xaurum (XAUR)
Location: Crystal Palace, BTC City, Ameriška ulica 8, Ljubljana, Slovenia
Website: xaurum.org
Xaurum is coined by exchanging the mined value for physical gold, stored as the CommonWealth gold reserves. It was first coined on a PoS Blackcoin blockchain, and has transitioned to Ethereum.
Exchanges with XAUR
HitBTC
Upcoming Exchange Listings
These are the gold-backed cryptocurrencies that have finished their ICO and will soon be listed on exchanges.
Aurus
Name: AurusGold (AWG)
Location: North Brabant, The Netherlands.
Website: aurus.io
AurusGold is fully-allocated, gold-backed cryptocurrency. The Aurus asset tokenising protocol is used by top European gold traders to tokenise 99.99% LBMA approved, fully audited gold under the AurusGold (AWG) currency.
Available Q2 2018.
Magma Coin
Name: Magma Coin (MGM)
Location: Manchester UK.
Website: magmacoin.org
Magma Coin has run an ICO and is pending exchange listing. The whitepaper says that “the company uses exchange traded funds (ETF) or physical gold (of 999 quality) as its security.” I tried to find what content of gold is on each token, and the whitepaper says “Each Magma token represents X amount of Gold Miligram of Gold.”
Pecunio
Name: Pecunio (PGX)
Location: Dubai, United Arab Emirates.
Website: pecun.io
Pecunio is a one-stop-shop for cryptocurrencies: A cryptofund, a cryptocard and an exchange. Pecunio’s gold-backed token PGX represents exactly 1 gram of 999.9 fine gold (segregated, unallocated) from LBMA approved refineries.
The ICO concluded in April, 2018 and is now awaiting exchange listing.
OneGram
Name: OneGram Coin (OGC)
Location: 2E MO17 East Side, DAFZ, Dubai, United Arab Emirates.
Website: onegram.org
Each OneGram Coin (OGC) is backed by one gram of gold and is Sharia-compliant. Gold is held in vaults located within Dubai Airport’s high-security compound, and managed by OneGram’s partner GoldGuard – a Dubai-based gold trading company.
There is a maximum of 12,400,786 OGC available, and unsold coins will be permanently destroyed after the Initial Coin Offering.
OGC will be listed on 1 June 2018.
XGold
Name: XGold Coin (XGC)
Location: Punta Arenas Building, 13 Floor, Cincuentenari, Coco de Mar 79 East Panama City, Panama.
Website: xgold.lu
XGold Coin (XGC) is a gold backed digital crypto-currency option. The price of one XGC Coin at initial pricing is based on a single gram of Gold.
In Development
Airgead
Name: Airgead
Location: Ireland.
Website: airgeadcoin.com
Airgead plan to issue tokens baked by Gold, Silver, Platinum, and Palladium.
Anthem Gold
Name: ANTHEM (AGLD)
Location: USA.
Website: anthemgold.com
Anthem Gold is a cryptocurrency developed by Anthem Vault Inc. Each ANTHEM (AGLD) is backed by one gram of physical gold, securely vaulted with a nonbank operator and fully insured.
AssetBase
Name: GoldBase (ABG)
Location: St Kitts & Nevis
Website: assetbase.io
AssetBase offer five different precious metal crypto currencies (gold, silver, platinum, palladium, and rhodium). Unlike some of the other mixed metal tokens, AssetBase has a separate token for each metal. The GoldBase crypto coin (ABG) is equal to 1g of physical gold and is 100% redeemable for 100% physical gold. All gold (and other metals) is vaulted and insured and audited by a third party. To acquire precious metal tokens you will need Prime Donor Tokens (PDT).
BullionCoin
Name: BullionCoin (XAAU)
Location: Isle of Man.
Website: bullioncoin.com
Bullioncoin is a gold and silver backed cryptocurency. Gold Bullioncoin (XAAU) is equal to one gram of gold, and silver Bullioncoin (XAAG) is be equal to 50 grams of silver. There is also a Debit MasterCard available which can use your Bullioncoins for every day purchases.
CURRENSEE
Name: CURRENSEE (CUR)
Location: Dubai, U.A.E.
Website: currensee.io
Currensee a gold-backed crypto currency valued at the current price of 1gm of Gold. The value of the physical gold in the reserve is directly proportionated to track the performance of the coin in the market. The Currensee platform is built on a private blockchain, based on the Ethereum Technology.
Dignity
Name: Dignity (DIG)
Location: ?
Website: cryptobontix.com
Dignity (DIG) is owned by Arbitrade which has been acquired Cryptobontix. There is no contact address or prolifes listed, so I’ve left it here under indevelopment until further notice.
Blockchain Bullion are also associated with the project and are posting updates.
Here is a more detailed writeup about $UNY / $DIG.
DinarDirham
Name: DinarDirham (DNC)
Location: Hong Kong.
Website: dinardirham.com
DinarDirham was founded in Southeast Asia and is headquartered in Hong Kong. It connects actual gold to crypto tokens on blockchains. DinarDirham doesn’t hold or control gold or DinarCoin or Smart Gold Contract. Instead all gold assets issued in DinarDirham is bridged to the liquidity provider.
Egypt Cryptocoin
Name: Egypt Cryptocoin (EGY)
Location: Mexico.
Website: egyptcryptocoin.com
Egypt Cryptocoin says it is a gold-backed cryptocurrency, but reading their website and whitepaper I can’t find any information regarding how EGY is backed by gold. The site says 1.00 EGY = 1.00 US Dollar (in Ethereum). There is no mention what gold value makes a token, and if or where physical gold is stored.
GODcoin
Name: GODcoin (GOD)
Location: USA
Website: godcoin.gold
GODcoin is “the official coin of Christ” and offers gold and silver-backed cryptocurreny. It’s also “endorsed by God the Heavenly Father, and issued by the Messiah, Lord Ra-El.” One gold token (GOD) is worth one ounce of physical gold. One silver token (SOD) is worth one ounce of physical silver.
While looking for information for this I found another GOD coin so I’m not sure what 3-letter code they will use.
Goldbloc
Name: Goldbloc (?)
Location: ?
Website: goldbloc.com
Goldbloc is a gold-backed digital currency and banking platform developed by The Real Asset Company (TRAC), providers of a secure online gold exchange and vaulting services, and Lionsgold (LSE: LION) a London Stock Exchange AIM-listed company focused on gold exploration, production and the retail application of gold.
GoldBlocks
Name: GoldBlocks (GB)
Location: Slovenia
Website: mygoldblocks.com
GoldBlocks is a blockchain based MLM (Multi-Level Marketing) mining site that also has gold-backed something or other. I don’t know how to describe this as the website just says a bunch of buzzwords without clearly describing what it does. It says they “work with various gold trading platforms”, the site is incomplete with broken links. The coin is trading and you can read updates here.
Karatcoin
Name: Karatcoin
Location: Cossato (BI), Italy.
Website: karatcoin.co
Karatcoin plans to be a platform to trade gold certificates by tokenizing gold certificates in Ethereum.
Kinesis
Name: Kinesis
Location: Isle of Man.
Website: kinesis.money
The Kinesis Currencies will be launched in July 2018. Each Kinesis coin represents physical precious metal allocated on a 1:1 basis. Bullion is purchased simultaneously when a Kinesis coin is minted and each coin has bullion directly allocated to it from the moment of being minted into the kinesis system, for the life of the coin.
Orocrypt
Name: Orocrypt (OCG)
Location: Löwenstrasse 28, CH-8021 Zurich, Switzerland.
Website: orocrypt.com
Orocrypt has launched the OCG gold-backed token, each representing 30 g of LBMA compliant bullion gold.
Quantum Gold
Name: Quantum Gold (QTG)
Location: Macau.
Website: qtg.io
Quantum Gold Token is a cryptocurrency that combines backing by a physical gold reserve and income from forthcoming production of gold from selected gold mines. For each QTG Token, half of the proceeds (net of expenses) will be allocated to purchase physical 999 gold and stored in Real Gold Reserve (RGR). The other half of the proceeds will be stored in Growing Token Reserve (GTR), which will be invested in selected gold mines. Every year in return, an agreed portion of gold production from the mines will go to the Real Gold Reserve (RGR).
Quintric
Name: Quintric (?)
Location: Utah, USA.
Website: quintric.com
Quintric combines cryptocurrencies with real gold and silver coins using the Bitshares platform.
For the gold token, “each Quint token constitutes five U.S. gold cents (one 1/1000th of a one-ounce, U.S. legal tender, gold coin) payable on demand in minimum 1,000 token increments for an American Eagle/Buffalo gold coin, bearing a fifty dollar face value.”
The gold coins are stored in a fully audited vault and deliverable upon request. There is no ICO for this project. Instead, a pre-launch promotion is on until the 4th of July, 2018.
Royal Mint Gold
Name: Royal Mint Gold (RMG)
Location: London, England.
Website: rmg.royalmint.com
The Royal Mint, has teamed up with CME Group (the derivatives marketplace) to offer bullion on the blockchain. Royal Mint Gold (RMG) is real gold, stored in The Royal Mint vault, and traded on a digital trading platform provided by CME Group. It will be available through third party investment intermediaries such as banks and brokers.
The Mining Co.
Name: The Mining Co. (TMC)
Location: Nevada, USA.
Website: theminingcompany.club
The Mining Co. is a mining company in Nevada that are raising funds for a gold mine via an ICO. TMC tokens are backed by the gold mine, so there is no set value for the token until gold is mined. The value of the token will increase according to mined gold. The website says it’s “the first cryptocurrency to be asset-based”, so they’re obviously not readers of my blog 🙄
X8currency
Name: X8currency (X8C)
Location: Zug, Switzerland
Website: x8currency.com
X8Currency is positioning itself as stable token for crypto investors. X8C is an Ethereum token, 100% backed by a combination of 8 fiat currencies and gold. Each token is represented with assets deposited in bank accounts. Gold is held in physical reserves in the format of gold coins. The percentage of each currency and gold is unclear.
ZenGold
Name: ZenGold (ZGC)
Location: China.
Website: zengold.org
ZenGold is a cryptocurrency is backed by physical gold. Each ZNG token represents 1 gram of 99.99% Gold reserved in Shanghai Gold Exchange Vault.
Crypto Graveyard: Closed / Didn’t Meet Funding
Since I’ve started keeping track of gold-backed cryptocurrencies some have already fallen by the wayside.
BaselBit
Name: BaselBit (BB3)
Location: Zug, Switzerland.
Website: baselbit.ch
BaselBit was a planned crypto currency backed by gold and silver reserves. According to the website:
“Due to unobtainable and unverifiable audits of underlying assets of Basel Bit and its principle guarantor not providing contracted financing forces the organization to cease operations.”
Digital Bullion Gold
Name: Digital Bullion Gold (DBG)
Location: ?
Website: digitalbulliongold.com
This project has gone dormant and there is no contact from the developer.
Gold Cryptocurrency
Name: Gold Cryptocurrency (GOLDC)
Location: ?
Website: goldcryptocurrency.org
A proposed gold-based online currency that was saying it had an ICO in August 2017, though I couldn’t find any record of it. There were some updates at github, and the website has since gone offline.
GramGold
Name: GramGold (GGT)
Location: United Kingdom
Website: gramgold.net
GramGold was a gold exchange, a gold vault, a gold ATM, and a foundation. The Gramgold Token (GGT) is 10% backed by gold. The GramGold ICO was on in March, 2018 and went offline in April, 2018.
IC3 Cubes
Name: IC3 Cubes (IC3)
Location: Canada.
Website: ic3cubes.com
IC3 Cubes secured by 100% Canadian gold. The site has gone offline with no other information on its fate.
Midas Rezerv
Name: Midas Rezerv (MRCoin)
Location: Thailand.
Website: midasrezerv.com
One of the earliest attempts at a gold-backed crypto was by Midas Rezerv. A press release from 2015 says that every Midas Rezerv token is 100% backed by 1 gram of gold.
OZcoinGold
Name: OZcoinGold (OzGLD)
Location: ?
Website: ozgld.com
OzGLD was a proposed cryptocurrency 100% backed by gold. A paid press release stated that “each 100 OZcoinGold coins is backed by 1/3 gold bullion stored in the Perth Mint and 2/3 gold reserves held by Ozcoin Inc, to be delivered to Perth Mint by March 2022.” There was no mention on the Perth Mint site, and no physical contact details were the website which has since gone offline.
Reales
Name: Reales (RLS)
Location: Tallinn, Estonia.
Website: realescoin.io
Reales coin was a token that combines a basket of precious metal and cryptocurrencies. The breakdown of each token is 10% physical gold, 35% physical silver, 20% Bitcoin, and 20% for ICO’s and alt-coins (total 85%). The remaining 10% was for company’s budget and 5% for operational costs.
An ICO was held in 2018 and didn’t reach their softcap.
Tether Gold
Name: Tether Gold (GLDT)
Location: ?
Website: tethergold.com
A press release was posted about an ICO for Tether Gold. It appears to be inspired by Tether (USDT), which is pegged to the US Dollar. In this case 1 GLDT = 1 Oz / 31.1 Grams .9999 AU GOLD. The website looked hastily thrown together and is no longer working. Possibly a scam coin.
Status Unclear
Crypto-Gold Coin
Name: Crypto-Gold Coin (CGC)
Location: ?
Website: cryptogoldcoin.net
Crypto-Gold Coin started out as CryptoGLD (CrGLD). The original website at cryptogld.com is no longer working so I found their new site via the Facebook page. It says they are a cryptocurrency but it doesn’t appear to be on any exchange (and CGC is another token). When I checked it was selling a 1 ounce Crypto-Gold Coin at US$1,300.00, even though the current market price at the time was US$1,321.00. There is no office listed, and no mention of how the gold is stored or how you can sell it once you have bought.
How to buy gold-backed cryptocurrency
Before you buy any of the gold-backed cryptocurrencies listed you will need to have a stash of Ethereum or Bitcoin available. If you already have then you can skip to the next section.
If you are buying and selling altcoins on a regular basis then it’s worth getting accounts set up and verified on different exchanges. With the current high demand in trading crypto you may find that some exchanges will take weeks to get set up, so having different options will get you started quicker.
Bitcoin and Ethereum are the two major cryptocurrencies that are used to buy alt-coins on exchanges. For ICO (Initial Coin Offering) purchases Ethereum might be the only payment available if the token is running on Ethereum.
You will end up having accounts at different exchanges as not all exchanges accept fiat currencies, and the ones that do may not trade the coin you want.
Here are some crypto exchanges where you can deposit cash to buy Bitcoin or Ethereum.
Coinbase is the most well known site to buy Bitcoin and Ethereum. They are ideal if you are new and just want to get started quickly. (This link will also give you $10 on your first $100 deposit.)
Coinmama is another speedy option to get Bitcoin or Ethereum.
Paxful is peer to peer marketplace for buying and selling bitcoin. They offer more than 300 ways to pay for bitcoins, such as direct debit, credit card, Paypal, and via giftcards.
SpectroCoin offers a fiat and virtual currency exchange with more than 20 currency options available
Once you are set up and have bought BTC or ETH you can then follow the instructions from the cryptocurrency you are buying.
Cryptocurrencies that aren’t gold-backed
While researching and updating this list I keep finding Cryptocurrencies that sound like they are gold-related. The biggest naming misnomer is Bitcoin Gold (BTG), which is a fork of the Bitcoin blockchain and has no gold attached to it. What a wasted opportunity to not have an actual gold-bitcoin. The name has really messed up my gold news alerts as well.
At least Bitcoin Gold aren’t pretending to be linked to the value of gold, just as a Visa or Mastercard Gold Card isn’t pretending to be made of gold. Things start getting murky with Ethereum Gold (ETG). Ethereum Gold is built on the Ethereum blockchain and was launched in October 2017 as an airdrop to crypto forum readers. The website says that it’s a “smart-contracts governed ecosystem that applies blockchain technologies using the value of GOLD.” There is no other mention of how it is connected to the value of gold.
Crypto Bullion (CBX) has been trading since before any gold-backed crypto got started, but it doesn’t have any bullion backing. It was launched to function as a store of wealth and emulate the properties and supply of gold.
GoldCoin (GLD) is “Digital Gold” and not backed by physical gold. It was founded in 2013 and is a decentralised open-source cryptocurrency forked from Litecoin.
GBCGoldCoin (GBC) is a Russian cryptocurrency and is not backed by gold coins.
GoldReserve (XGR) appears to have started out as being backed by gold but “XGR is not backed by gold at the moment“.
News / Watch List
Korean startup GoldMining launches gold-backed cryptocurrency. Pre-sale of tokens will start on April 1.
$UNY / $DIG — a cryptocurrency backed by gold by Cryptobontix.
Venezuela announces new ‘Petro Gold’ cryptocurrency, one day after launching the Petro
Canamex Gold Corp. announce a non-brokered private placement of Gold Royalty Tokens to accredited investors.
Cryptocurrency backed by gold being developed by Perth Mint to entice investors back to precious metals – The Perth Mint is wholly owned by the Government of Western Australia, so this would be similar to the project being developed by the Royal Mint of the UK.
IEG Holdings plans to create its own IEGH Crypto/Blockchain currency backed by gold metal and SEC registration as a security.
Goldcliff (a mining company) plan to develop a gold based cryptocurrency.
GoldenRock – a national cryptocurrency proposed by Kyrgyzstan that will be backed by gold.
HayekGold – A gold-backed, digital asset using block chain technology and the Counterparty platform. By Anthem Vault who have developed Anthem Gold. Unclear if this is going to be developed as well.
Petro – Venezuela will create a cryptocurrency backed by oil, gas, diamond reserves, and gold.
Russia is looking into launching a gold-backed “CryptoRuble”, though as a state-issued cryptocurrency that cannot be mined, it’s not very crypto.
Future gold-backed cryptocurrencies / ICO’s
There are more gold-backed cryptocurrencies being developed, so we will add them here as they become known. If you know of any others or are developing one leave a comment.
Disclaimer
As mentioned previously, this is intended as a directory and is not an editorial endorsement. Do your own research before buying.
Some of the coins and exchanges include referral links which may earn Goldscape.net a commission. I will make a note of any tokens that I have bought.
Please look into the Gold Crypto by Anthem Vault in Texas. Also, add my email and update me when this list updates.
Thanks for that, it’s now added to the list.
Hi
Lionsgold has its on gold mine and development of goldblock
#lionsgold #railsbank confirmation today. Mastercard chooses Railsbank for SPECIAL programme. Which Lionsgold will invest 12.5 million for 12.5% equity once the due diligence is done
Great article! I just wanted to inform you of OUR PRE-LAUNCH to add us to your list. We are a mining company and we have just started our pre-launch of our gold-affixed hybrid cryptocurrency named YGB. Upon liquidation of an e-wallet, the user will be shipped 24k dorie gold to their home. There is no digital asset that is not attached to a physical asset. Our pre-launch is from April 27-July 17 2018.
#YGBCryptoGold Sign-up an e-wallet today and get more gold for your $$$!
https://youngbloodindustries.com/hybrid-crypto/
Please add Egyptcryptocoin.com
100% gold backed
https://youtu.be/XWYzsXDHqw0
https://youtu.be/fW4zrSm0y4s
Record Setting cryptocurrency (non-BTC) transaction for Gold Mine purchase.
Nice blog and I would like to appreciate your hard work. I think among all goldbitscoin is the best one. I have read about Gold Bits Coin just now, It is an amazing Gold Backed coin with excellent strategies. Ready to but it.
Great article thank you for sharing. It would appear a new era of hard backed assets is upon us.
For Dignity (DIG) you can also add http://www.blockchainbullion.io – They have an overview and timeline of events surrounding the project which is useful. Have s good day.
Hello Goldscape, I would like to introduce IC3 Cubes – the newest gold based token on the market. The IC3 Token represents a fraction of a gram of gold, price at market settlement-day of purchase. IC3 Cubes is backed by physical gold via a actual gold mine and vault in North Western Canada.
All asset certificates and tokens are issued off of verified gold within the vault. We are verified and insured by AON & Lloyds.
Currently in our Exclusive Presale – Lot 1 of 10, consisting of the equivalent to 10 tons of Gold.
We believe in the profound opportunity/impact a gold cryptoasset represents and what it will mean for investment, trade and exchange of the future. As the industry matures, a truly authentic gold based token has significant applications and appeal.
We look forward to connecting with you, there is alot of gold to go around!
Best Regards,
Matt
IC3Cubes.com
email@ic3cubes.com
Hi Matt,
thanks for that – I’ve added it to the list.
Hi GoldScape, We would like to update our content. Would you kindly send me an email – email@ic3cubes.com so that I can provide the details.
Much Appreciated.
would love to buy IC3 CUBES TOKEN, WHENEVER ARE AVAILABLE
how when and where someone can buy, and any special wallet for them….
Siragusa
Hi there!
When will the this list be updated?
I know some projects for gold-backed cryptocoins more.
Will prepare my complete list and send it to you.
Please give me your email.
Thanks and best regards,
Armin Germer
Hi Armin,
feel free to email via the contact form http://www.goldscape.net/contact/
Thanks
James
Hi I was wondering about the yield that BullionCoin will be paying on each coin created
do you know if any other coins will also be paying a yield ??
Many Thanks Nick
Hi Goldscape,
Helpful article, impressed that you picked the ETF bit in Goldmint.
I was wondering if you can extend your article and share your thoughts on 1) HelloGold and 2) Lionsgold’s Goldbloc
https://www.hellogold.com/
http://www.lionsgold.com/investors/company-news/264-lionsgold-limited-fintech-gold-update-goldbloc-2017-10-18-143001
Thanks!
Regards,
Ankit.
hELLO aNKIT
Any feedback on this?
Thanks
Dipti
Hi James – it will be interesting to see how blockchain performs long-term in conjunction with crypto gold. I agree that there could be risks around storage and future financialisation, plus it could remove a lot of the secrecy around gold ownership.
Gary
Does anyone know if there are any gold backed crypto’s being traded on Bittrex?
Press Release:
November 24, 2017 Panama, Panama City, Panama. XGold (XGC), the company that created a financial solution to purchase large or small Gold contracts in the Global Market place through a decentralised platform, today confirmed that it will kick-start it’s XGC Coin offering with a Pre-ICO to start on December 11, 2017
“We are excited with the levels of interest that XGC has generated. Our global partners are looking forward to being part of our advance to reshape the way the Gold business works. Lower costs, higher profits, greater security. what’s not to get excited about?,” said Dan Lazarus, CEO of XGold.
To date, pre-sale interest has been sophisticated and culturally diverse: including experienced crypto investors and early investor groups.
The XGold Pre-ICO will open at 00:00:00 EST on December 11, 2017. XGold will use the Pre-ICO funds raised for Marketing, Development and Administrative/legal, and, to continue to advance their operational goals. XGold has targeted a Soft Cap offering of 500,000 XGC Coin, and plans to raise an approximate initial amount of 20M (USD equivalent). The Hard Cap will be 2,000,000 XGC. Details are provided in the XGold Whitepaper.
The introduction of XGC will synthesise years of relationships and experience in the Gold market to bring fresh prospective: Solving the long debated issue of how to buy Real Physical Gold in safe, private and secure ways whilst removing intermediary threats, and middleman costs.
The company technology is built as a Decentralised Autonomous Organization (DAO) and based on the Blockchain Platform Ethereum using ERC23 Smart Contracts. This will provide security, flexibility and contractual anonymity whilst being recorded chronologically and publicly on the Ethereum digital ledger.
Website: https://www.xgold.com.pa
Media Contact
Contact Email: communications@xgold.com.pa
this makes more sense then the present crypto market and more likely to be excepted by financial .,markets, great info
Hi,
CURRENSEE LOGO is incorrect in the list. Please find it on currensee.io
the missing details on your file are here
CURRENSEE COIN
Name: CURRENSEE (CUR)
Location: Dubai
Hi The Logo for CURRENSEE COIN is still not fixed. Please update the correct logo.
http://www.currensee.io
Sorry, fixed now!
Do you have any social media presence or ways that people can contact you? Your whitepaper says that the ICO runs until April 2018 but I can’t find any information on it.
Hi,
Please take a look at HelloGold and the GBT: https://medium.com/hellogold/announcing-gbt-4cc93829adeb
The smart contract is already created and product currently sold OTC with plans to sell through a user interface in the coming months. Some of those listed here do not have a working product yet.
As you pointed out, accounting for the physical gold is equally as important as the blockchain. The gold backing GBT is held in a partnering vault that is audited by Bureau Veritas and insured by XL Group. Gold operations is based on that of the SPDR GLD, the world’s largest gold ETF. Our CEO, Robin was the Principal Accounting Officer of the GLD as well as CFO of the World Gold Council which runs the GLD.
Related links:
Website: https://www.hellogold.org/
Review by Smith&Crown: https://www.smithandcrown.com/sale/hellogold-token-sale-tokenized-gold-savings/
Shariah compliance of the gold: http://shariahgold.com/products
What about Goldmoney (listed on Canadian TSX as XAU)? It is well advanced as a precious metal backed cryptocurrency.
Yes Goldmoney is an established Gold trading and storage site, but it is not on a public blockchain. It looks like they just tacked on “blockchain” http://community.goldmoney.com/discussion/3235/blockchain
What do we need to do to get listed?
It’s free to list! I’m just adding them as they are discovered, so being emailed the details when a new one launches is welcome. Email me via http://www.goldscape.net/contact/
GoldCrypto.io Launches Unique Digital Gold Standard Cryptocurrency
https://finance.yahoo.com/news/goldcrypto-io-launches-unique-digital-190336391.html
Key Capital Establishes Blockchain Fintech Division and Signs Gold Pre-Purchase Agreement with GoldCrypto.io to Deliver Gold Bullion
https://finance.yahoo.com/news/key-capital-establishes-blockchain-fintech-143000540.html
you should check this site out, it will blow them all away.
They have found a way to merge all precious metals under one cryptocurrency
So in your view which is the most credible crypto above to invest in?
That’s a good question man. I’m wondering that myself. I hope you get a reply. With so many it seems kind of scammy.
I know that they don’t want to directly advise which one so no come back on them if it doesn’t come off. But more substance needed so we can make better informed decisions. Due diligence is key to ICO investing. Good luck.
Hi Tony, that’s correct! As I am not a financial advisor, and with little information on some coins I’m not making any recommendations. So far Xaurum (XAUR) is the only one listed on exchanges, and in 2018 I will buy some of the newly listed coins and make a more detailed comparison of each one.
Thanks for the reply James. Look forward to more of your reviews.
T
Love that you say scammy, Isnt most ICO’s scammy, no utility what soever. Disclosure I am the developer of XGold above.
Just this morning quote:
“@VitalikButerin
All crypto communities, ethereum included, should heed these words of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society.”
In reality most dont understand that the big movers are nothing more than Blockchain transaction companies that most will never go away as the altcoins are built in these chains. The problem is the altcoin ICO’s like many will fail and or never make it and they have no out. Its a bunch of people buying to see the $1 turn into 18K. Never will happen. Read our blog about Utility and Volatility. XGold will never be volatile and will always have an out. We will never move to a exchange because they are the ones creating volatile crypto currencies . We will start our own app and xchange to give our token a usable utility. Stay posted and know the only way you make big profits with our token is to buy them at the discount, after that they will stay the same and will not fluctuate much, but will have the option of redemption. If not go buy some bananacoins at 50 cents and wait a year when it goes up 800% then try to cash it out or use it.
There is one primary concern. How easy in practice is any crypto-currency redeemable for physical precious metal ? That is how easily can a holder swap crypto for physical gold, silver, platinum or palladium metal in the hand ?
Any uncertainty about this and confidence in the crypto being a store of value is destroyed.
Hi can you please look at Bankcoin Reserve.. apparently they are completely backed by Gold.
https://www.bankcoinreserve.com
I even have a wallet with a nice amount of coins.. so i am wondering why they are not on your list. Thanks
Hi Kevin,
I had never heard of it until now so thanks for the tip-off.
I had a look at the site and it doesn’t fill me with confidence. I’ve not found any exchange that lists BCR, and a Google search just returns paid press releases. The site is filled with broken links, it shows magazine covers as if to say they are featured in them, and the address appears to be a suburban house in Brisbane. There is no information on the founders, and the way they describe taking payments is not a blockchain system. It doesn’t say where your gold is or who the mystery third party buyers are, so I would be staying away from this.
I don’t believe you quite explored the concept behind this coin. BCR is clearly tethered to the gold price, not backed by the metal. Its granted patents give it value to a specialised market as opposed to common traders.
Hi James,,
Thank you for that info. However,
I am sure Garry has the patent on the Blockchain as per this link https://snn.bz/bankcoin-is-patented. BCR is also in business with BankcoinGlobal who have already started on their business. And I was under the impression BCR has loaned them the Blockchain rights in which the link I providedshould show all that. I look forward to your response please..
Ps – try this link as well http://bankcoins.info/
Hi Kevin,
ok thanks I’ll have another look. Do you have anything to do with it? I’m just wondering as you put the URL in your comment signature.
100% not true, they might have a patent on a process on blockchain, but 100% no one has the patent on BLOCKCHAIN itself.
I don’t think they ever stated they patented the whole blockchain? Like you said, the processes on the block chain and in this particular example, the Financial Sector.
While many are backed by gold, are any of these coins/tokens actually redeemable in gold from the issuer?
“Full disclosure” I am a team member for XGold and we do have a 100% redemption program.
Gold cryptocurrency is more stable than any other cryptocurrency because of the gold backing. Gold has been used as currency from past times.
What about bitgld. It’s bitshares smart coin assert that pig to gold price
Hi Ronen,
I can’t find any up-to-date information on it.
As far as development, Assetbase is ahead of the others, although they really need more marketing . Assetbase is coming out with their precious metal backed crypto coin online marketplace next week, you will be able to buy and pre-order 5 different precious metals.
I’ve perused this list and I am especially attracted to Assetbase. For one, they have silver crypto and I believe silver is much more underpriced than gold at this point. The upside will be greater. Their closest competition would be Aurus and DigixDAO, since they all do similar things: tokenizing physical stuff. The thing I don’t like about Aurus is they charge a 2% demurrage/storage fee annually upon transaction of the crypto for gold, which is steep. DigixDAO charges 0.6% annually which quite competitive compared to tradition storage and insurance fees in regular vaults. Assetbase charges 0.7% annually for silver, 0.5% for the other metal cryptos like gold. So that’s better from a user perspective. DigixDAO “occassionally” gives out rewards to token holders based on total transaction fees collected. Assetbase gives out 100% of transaction fees to token holders. That sounds way better. Now to my concerns about Assetbase. If you have listened/read commentary from John Rubino from dollarcollapse.com, you will hear him being optimistic about gold/silver backed crypto, with the caveat that you should go for ones that allocate specific bars to the token. Meaning that token represents a specific bar that’s yours. I don’t think any of the above mentioned is allocated that way, but are pooled accounts held by the foundation themselves (DinarDurham might be allocated?). Which John Rubino says makes the silver their liability (counterparty risk). This is especially worrisome when the foundation is investing in other types of business like real estate or projects. If in the worst case scenario the project becomes bankrupt and owes more than it has in assets, will a court order the foundation to hand over their gold and silver to meet liabilities? I’ve spoken with Assetbase and they assure me that they take the utmost precautions by having liability insurance. Still, I would be more comfortable if they do what all the big corporations do: make subsidiaries. Like Dunkin Donuts is actually a bunch of corporations, not just one. One for their intellectual property, one for their buildings, one for the actual donut store. If one goes bust, it doesn’t take the whole ship down. Assetbase can do the same thing with each investment. Just a consideration, I’m not sure how it would mesh with how they have their foundation set up. And also it would add quite a bit more work and legal fees. By the way, cryptos are crashing, why does DigixDAO looks so good? Up more than 20%. HAha suckers. Gold/silver crypto to the moon!
Full disclosure: josh, programmer and smart contract developer for xGold. For someone to make this determination/opinion they wold first have to understand what the actual coin can do for you, what classification the coin has been given. I read your previous promotion of assetbase and do my research as I normally do once a new “goldbacked” coin gets placed on the list. I can say 100% that your making the worst determination based on your research that assettbase is the holy grail of gold backed crypto. If you don’t know how to read a smart contract, I would advise start with that first before making any decision of what to invest in and be sure to understand the functionality of the coin, not everyone wants gold nor everyone wants to store gold in someone else vault. xGold rides as a ERC20 token and the board has decided that was a bad decision to ride on someone blockchain. You want to learn more about coin classifications go to the xGold Blog. Im not trying to drag anyone away from this site, I just want people to be informed and educated as there will be a thinning of cryptos this year and getting stuck with something you don’t want is of high possibility. Just ask Mr. James how many gold cryptos have bit the gold dust since hes been posting this thread.
Why on xGold when trying to buy coins it asks for name, address, etc?
What will get the customer? ERC20 token or record on your private database?
Thanks for you question.
XGold require this info because we are transitioning towards accepting fiat currency. You will notice the info we ask for is far less invasive than Coinbase or credit card companies. They want passports and proof of address etc. You understand the info we require limits fraud, money laundering, and other associated activities. You should know 90% of ICO’s require some kind of registration with personal details. If you are not comfortable with giving this limited information you may find more freedom with alternative crypto-currencies: of course you risk losing your funds, or worse, being linked to money laundering. Good luck.
Can you also list Canamex Resources which is offering a gold backed royalty token on its Bruner Gold Project.
Thanks,
Chris
Thanks Chris, I’ve added it to the watch list.
What about Karatbars cryptocurrency backed by gold? Is this new?
Hi Diane, I had not seen it so I’ve added it to my watch list.
Here is compiling half of these in a 5 min read without going through every website. This covers about half of these, Very well said. I hope they do part 2. https://medium.com/@xgoldcrypto/crypto-gold-or-is-it-crapto-gold-af4b97ea0da
OneGram appears to be a scam like OneCoin. They sell “packages” like OneCoin.
OneGram received several serious awards for its whole architecture, recently it has been listed among 20 best fin-tech solutions in Middle East by the magazine Forbes. See the landing page – there are fresh statuses concerning the steps in the near future:https://medium.com/@01cryptohouse/we-design-onegramcoin-to-use-in-the-real-world-ea036a8f6d2
Ted, I would not say its a scam I would just say its heavily overpriced and complicated. They cannot figure out what it is they have, want or need. Besides it looks very islamic and why is everything in Euro. Gold traditionally has always been priced at $
I would like to receive new posts and updates. Thank you.
Hi James,
A couple of updates re: HelloGold to report. Their fully gold backed coin is now named “Goldx”, not GBT; Also not mentioned is the fact that their other altcoin that’s featured on exchanges such as hitbtc and Coss is “HGT”. Goldx has officially gone live and has a 2% fee that’s charged upon purchace; they give 10% of that 2% as dividends to HGT holders.
HelloGold Foundation has also said on their twitter page, “We are also exploring other utility for HGT.” Robin, the CEO and former head of the world gold council, has said that they are looking into the logistics of giving a discount on the Goldx rate for HGT holders.
As well, Goldx has officially earned the world’s first Shariah-compliance certification:
http://www.fintech.finance/01-news/hellogolds-goldx-cryptocurrency-is-worlds-first-to-earn-shariah-compliance/?utm_content=buffer24e9e&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
All the best 🙂
Steven
talk about a pig and putting lipstick on it. its still a pig
Then it’s a sexy pig that one wouldn’t want to leave around a potential pig molester because…well…fill in the blanks.
Also, racist much there Simon? I’ve noticed that people who lead their lives by generalizing everything seem to block logic in their brains, especially when it comes to business..
You do realize that Dubai is one of the wealthiest cities in the middle east, the vegas of that region, and gold backed cryptos are trying to get in there legally by proving that gambling and volatility doesn’t exist within their infrastructure right?
Or do you really think that they’re running around with arabic garb,saying durka durka infidels and protecting their gold vaults with swords?
Im a racist because I call your coin a pig with lipstick? First your organization cant decide what you are. “HelloGold” “GoodbyeGold” now your copying “xgold” , 1.) this for me shows an indecisive team that sees other crypto gold backed currencies and strips them of the ideas and names etc. 2.) your not the first sharialaw goldbacked crypto, that was onegram.
Do you even understand the meaning of shariah law compliance? First it is 100% islamic based on
https://en.wikipedia.org/wiki/Islamic_finance_products,_services_and_contracts
how does that make me racist when im stating a fact?
This also prohibits reba, which I’m sure you guys are charging. Your Gold is over prices your fees are obnoxious. Its a pig with lipstick. I just see way better options than what your offering and if that makes me racist then so be it.
Good luck with that pig and be careful about casting stones. You go down this path and people might really start investigating your schemes Good luck again “hellogold” “xgold-copy” “goodbye-gold” more like it
Damn son, don’t get your panties in a twist hahahaha
HelloGold is one of three gold cryptos that I’ve invested in, hence my interest.
Their shariah law compliance certification comes from the Amanie Advisors, which is highly regarded in the muslim world. Satisfying Shariah law requirements in these countries doesn’t mean the company is actually certified you silly, silly goose.
You’re not talking to the CEO or rep of HelloGold here ya genius 😉
(p.s. that pig in your metaphor sounds like a total prostitute)
anyone reading your responses know your a shill for “helloxgoodbye-gold” if you invested provide a ETH wallet and show us. Other than that I call BS. You r the one picking a fight calling people racist and having sex with pigs, now your back peddling. No one in the world gives two sheckles that gold is shariah law compliant from the Amanie advisors, most have no clue what that is. By the wy good name dropping. does pass the smell test. Anyways looked up all the ERC20 contacts and tokens of your “helloxgoodbye-gold” and that don’t pass the smell test either. 8 Transactions of hellogoldx tracker shows 126 owners and 83% is owned by none other than hellogold, the other Im still doing research and its not looking good either, most owners of that coin are hellogold transactional wallets. Good luck “helloxgoodbye-gold” shill “silly Goose”
HelloGold coverage by REUTERS…woohoo!!! Can’t wait for these guys to hit thailand and dubai $$$
https://www.reuters.com/article/us-islamic-finance-cryptocurrencies/malaysian-firm-adds-islamic-certification-to-cryptocurrency-idUSKCN1G40K5
The one and only Steven: “hellogoldxgoodbye” crypto shill representative, so obvious what it is your doing.
*facepalms* There are not enough facepalms in the world. You, my friend, are not the brightest tool in the toolshed. At first, I thought you were a silly goose. But now it’s obvious it’s something else. Or perhaps you can’t read.
I already said am invested in HelloGold, along with 2 others. So of course am trying to provide pertinent, real world updates to this page re: the company.
Live long and prosper,
Steven
Actually, I take the above back Simon. You’re probably just a sweet soul who needs a hug 🙂 *hugs*
You’re way too savvy to lie to. I’m not just an investor that would like to see HelloGold do well. I’m actually the prime minister of malaysia and a majority owner of HelloGold. Can’t get anything past ol’ Simon.
40 days ago, they came out with GoldX token, I’m not saying anything but it sounds a lot like another company doing similar. It’s almost like they ran out of ideas and started copying other crypto currencies. Shariah compliant, like OneGram? Also, what’s with the “foundation” part in the name? Sure a foundation would be excellent for holding the gold (and they probably know this), but unless I’m wrong, these guy’s are not a foundation, they just want you to think they are, Assetbase has an actual foundation for holding the metal.
I like Gold and Silver backed cryptos, but I would probably not invest too much in HGF, it looks to shady, which is probably why their token price is doing crappy (others investors are thinking the same thing).
That’s just my thoughts on the matter but who knows, I could be wrong.
could not agree more and is why I said “hellogoldxgoodbyecrypto” its a pig with lipstick. maybe its time for James to install a forum on his site, that would be interesting.
Totally agree…aka a pig street prostitute, pigs of the night if you will, where man pigs drive around the block to pick them up without being spotted by law pigs.
Re: HelloGold,
I actually really like this Robin Lee fella, the CEO of the company. .Personally, I actually invested in HelloGold because he seems to be an honest guy (former head of the world gold council), and his team appears to be rock solid (includes dave appleton). The big media outlets are providing coverage of the company as well, which actually legitimizes it in my eyes over other gold companies listed on this page. Very unlikely for them to receive this much coverage from CNBC, reuters, RT, and BBC if they were a scam. They’re definitely doing something right in terms of transparency.
Here’s Robin Lee’s interview on CNBC:
This shill for “heelogold” has completely taken over this website and thread. Really annoying. How do I unsubscribe from the emails?
I was just replying to Richard as to what makes me trust the team there Mr. Simon.
If you can’t handle someone disagreeing with you and posting their opinions about a company that is in fact on this page’s list, then make like a tree and leave (interesting side factoid: “make like a tree and leave” is an expression from back to the future). Go put lipstick on pigs or something instead of whining and getting your panties in a twist with every comment.
Tether is suppose to be 1 for 1 with the USD and up to this point tether (tether.to) has done a fairly good job at staying close to if not at one dollar. Tether has a proof of Funds listed on their website, this is intended to give you full confidence in their USDT tokens, but after looking at it I’m not too sure it does. I’ll tell you what I see and would be interested to hear you guy’s view of it.
First, you don’t need to read to far in this document before you see this text ” This information is intended solely to assist the management of Tether Limited (“management”), and solely for management’s use, and is not intended, AND SHOULD NOT BE, USED or RELIED UPON BY ANY OTHER PARTY.). So.. They start out this document (that is supposed to give everyone confidence) by discrediting this document on the first page. Ok on the third page it shows the USD in their account, there are two accounts with USD the first has $382,064,782 and it’s in the tether limited name, the second has $60,919,810 and it’s in someone else’s name (that’s blacked out) for the benefit of tether limited. All the banks are also blacked out.
I don’t know about you guy’s, but I think there is a lack of transparency with tether. Although they might be 100% honest and legit, I think a lack of transparency leaves the door wide open for corruption. I don’t care if it’s Digix.global, Assetbase.io, Aurus,io or HGF there should be full transparency, otherwise history will repeat itself and we will get another currency that will be vastly manipulated.
I am not an owner of any cryptocurrency, but I am interested in that investment. I find your remarks interesting, educational and funny. Thanks for the infor.
DeLores
🙂
You mention BaselBit 4 (#BB4), but what about BB3? They have websites at: baselbit.ch and bb3wallet.ch.
Thanks for the notice, I’ve updated the listing.
Great article to read, enough information for a beginner such as an ebook. Any suggestions for investing into the best upcoming ICO.
Golden Currency seems to be the “killer” of other gold projects…
James, thank you for this post. Its very inspiring.
Karatbank has its white paper out
http://www.karatbank.io/
I would be grateful if you could add GramGold to your list
https://gramgold.net
10% backed by gold
GramGold
“Buy Gold For Less, Sell Gold for More..”
Not just an ERC20 token backed by Gold and a Global Gold Asset
Decentralised Trading Plaform based on blockchain technology & cryptocurrency…
Its a Gold Exchange, a Gold Vault, Gold ATMs
(to be sited in shopping centres around the Globe) and a Foundation…
..all by a UK Precious Metals Processing Company, Birmingham Gold Company”
Revolutionizing Gold Markets, Globally!
“Why should you care? Because you, like most people, have probably paid too much when you bought Gold and when you’ve sold it, got far too little back. …We’re going to change that. Use GramGold & Cryptocurrencies to buy, sell & exchange Gold. “Buy Gold for Less, Sell Gold for More”
Forgot to say ICo is at https://gramgold.net/ico until 30th April 2018
Here is a new one https://kinesis.money/#/
https://www.silverdoctors.com/headlines/world-news/nearly-half-of-all-icos-last-year-have-failed/
What do you think about the goldbacked ICOs future, they should be alot better if the price of gold will get higher and if there is no fraud involved, any suggestions about what to buy among the listed ones.
Yeah, these are all pretty cool, but I wonder why Quintric hasn’t made the list yet…
Seems like a crypto backed by Legal Tender gold and silver would be something people would be really interested in. Plus they claim to have a live-streamed facility with no vaulting fees.
Almost sounds too good to be true; https://www.upma.org/newsroom/2018/3/13/why-quint-may-be-one-of-the-last-cryptocurrencies
Thanks for letting me know about Quintric – it’s the first time I’ve seen it. I will check it out.
I’d probably stay away from most ICOs without a working model, because even if they do produce something it will probably be so far down the road someone else will have already come out with a superior product that’s WORKING lol. My personal advice is to go for the Assetbase Prime (PDT) token. And the reason I say this is,
1) Assetbase has a working model
2) I think they are the only ones with 5 different precious metal tokens they are now selling (Not in the future)
3) They are moving forward with their other projects
4) They are also coming out with their own exchange soon, P2P lending, and a way for anyone to securely turn their physical assets into tokens.
5) They have a good long term plan and they are delivering on it
The PDT is their utility token. They give 100% of transfer rewards to PDT token holders. It’s also like a membership token so they are going to give holders access to a bunch of services they provide, but the payout rewards are the big one. You can check it out if you want at assetbase.io/pdt
A working model and delivering on the project is a big deal. Even if someone is coming out with a “superior product” the guys with a working model are going to be so far along the new guys won’t be able to compete. Just look at eBay, when they came out they had a bad looking site, but they had a working model and they took the field.
I think by now you would have stopped commenting on this website, Your ill willed instructions and comments do nothing for anyone. How about you start your own commentary blog instead of hijacking this blog.
I love a little criticism, but please add some facts about your claims, that way we all might be able to gain some wisdom from your post.
P.S. Take it easy man, life is to short.
Ill give you facts about “PDT Token” if you care to hear. Way better options in the marketplace than this token.
1. Most have no clue what it means “utility” of tokens, so in general no one cares.
2. “Reward” again no one cares. Most want a) to see the token go from 1-18K b) redemption. 1-18K should never happen with a asset token. Learn your tokens before sharing info. https://medium.com/@xgoldcrypto/crypto-classification-need-to-know-before-investing-65062c566327
3. The exchange rate is not in favor of client reward or discount with assetbase (pdt) to even warrant purchase. Just do yourself a favor, take your fiat and buy it direct.
4. Your generalize statements of “they will be so far ahead” is deficient. Their website is something out of the 1990’s. To attract traders, I would start with changing the design and functionality of the site.
5. We started in December and already have developed a Tier1 blockchain a application for daily use and the redemption side is currently being licensed and put into place before our scheduled timeline.
6. We offer a discount on coins as a hedge and are 100% redeemable.
Would love feedback. Anyone?
@James, You should start a guide to Silver-backed cryptocurrency. There are a couple projects I’ve come across that are just doing silver backed tokens.
Hi Richard, yes I’m seeing lots of silver-backed options now, but I will keep to within my gold niche otherwise I’ll be covering all the metals.
$DIG (DIGNITY) Formerly $UNY (Unity Ingot) now owned by Arbitrade will be one to watch! Not only will each $DIG be backed by 0.022445grams of Gold Bullion BUT there are 3 Billion tokens, there is a Burn and buy back program for the tokens.
Arbitrade has just acquired Cryptobontix and subsequently they have acquired the $DIG tokens.
Also Arbitrade has just purchased what is believed to be the last set of Nelson Mandela “Golden Hands” for 10 million in BTC.
1 x Gold Dignity Ingot Token (DIG) is equal to 0.02445 grams of gold bullion.
Cryptobontix and Arbitrade will commence mining operations with 55,000 mining rigs that are dedicated to the tokens. With the rigs they will mine Bitcoin, Ethereum, Dash and Monero. And what will they do with those mined cryptos?
– 50% Used to buy physical bullion from partnering bullion suppliers on a weekly basis.
– 20% Used to buy more mining rigs to create exponential growth in earnings and physical bullion holdings.
– 15% To support and buy back tokens from the trade exchange marketplaces.
– 15% Used for the cost of operations for the mining endeavors.
Because of the fact that you can redeem your bullion after 2 years minimum only, they have enough of time to mine a lot of the established coins to secure the project operations.
Keep your eyes on the look out for DIG as it will be in the TOP 50 coins on CMC once it is fully launched.
” 0.02445 grams of gold bullion.” Like all the digits in crypto math isnt difficult enough, now you have to calculate gold being point.00000002455 and Bitcoin being point .0002004487. No one in the World want this kind of complicating math Let alone “you can redeem your bullion after 2 years minimum only,” So you mean to tell me I have to wait 2 years? Why would I do that. I think we will add this one to the crypto-gold crapto-gold list. Further more no way this is in the top 50 coins if so based on what?
We make a good case about Bitcoin, not enough people in the world have crypto wallets. The only way there are going to be more wallet holders is, crypto-stable, useable on a dialy bases, redeemable and last its own independent network.
IMO (DIG) is another bad option.
Josh with XGold
Here some information of Kinesis. https://usawatchdog.com/jig-is-up-for-the-dollar-andrew-maguire/
There are already many options game changers, One being xgold.lu or better yet read the article https://medium.com/@xgoldcrypto/crypto-gold-or-is-it-crapto-gold-af4b97ea0da
The Kinesis idea might be good but again they are right out the gate with problems “ERC20 Token” along with any others that ride this platform.
https://medium.com/@xgoldcrypto/why-starting-a-ico-is-a-bad-idea-38803677fe66
Good Luck
Just an update. We at XGold believe with all this volatility in the market place. Gold backed crypto will become more and more desirable. To date we have written several articles that tell our tales, experience and journey in the crypto world.
First Article is why we are leaving ERC20 and building our own Tier1 Blockchain
https://medium.com/@xgoldcrypto/press-release-3677a8216d56
Second is the what is a true gold backed crypto
https://medium.com/@xgoldcrypto/crypto-gold-or-is-it-crapto-gold-af4b97ea0da
Third is written because we wished we would have never built a ERC20 Token
https://medium.com/@xgoldcrypto/why-starting-a-ico-is-a-bad-idea-38803677fe66
Last is the Reality of Bitcoin “not for the faint of heart”
https://medium.com/@xgoldcrypto/reality-of-bitcoin-ownership-3c2e99b64101
In the end we are super excited about our role and future in providing xBit and xGold as usable, trade-able, crypto-currency with 100% ability to redeem. Good luck with your crypto-trading and always if you have questions, we have answers.
Hello James
Great work !
Please check out and add another new few QUINTRIC tm.
and another from Sprott/Gold Corp etc Gold held in the Canadian mint.
Thank you
Check out AgAu..io issuing two stable tokens 100% backed by gold and silver.
AgAu Gold (1token = 1 g of LBMA Gold)
and
AgAu Silver (1token = 1 g of LBMA Silver)
http://www.Agau.io
Press Release:
https://medium.com/@AgauCrypto/tarco-international-launches-agau-io-e253dabddc99
Hello, I am the Chief Marketing Officer for GODcoin.
GODcoin is ‘Gold-on-Demand’, the cryptocurrency which will soon become the standard currency used in consumer trade.
Our tech team is developing a Proof-of-Stake consensus algorithm which will require user validation in the form of purchasing a bond. This will grant the “minter” access to the network and the ability to receive block rewards, but it will also ensure that the currency is not simply created out of thin air, as well as promote strong network security. The “minting” process will take considerably less time than in the standard PoW models, and the software used to mint the coins is designed to run on resource-constricted nodes, which is a comparative advantage over mining Bitcoin and Ethereum. Inevitably, this currency will be fixed to commodities when a permanent exchange rate is set between GODcoin and gold, and it is intended to be used as a utilitarian currency.
This is made possible because the biblical Christ has returned, and this is his authorized New World Currency. The global chaos witnessed over the last 7 years is a direct result of his Divine presence on earth, and the geopolitical, socioeconomic, and “Act of God” events will very soon reach a monumental climax.
As it says in the Book of Revelation 3:18, we are all advised to buy gold from him so that we may prosper. He has laid sovereign claim over gold and silver reserves (Haggai 2:8), and very soon this will be the only currency authorized for use in the global marketplace.
At this very moment, the collapse of the Petrodollar is imminent, and the resulting calamity will be extremely difficult to handle, unless of course you take the GODcoin lifeboat and sail with us to safer waters.
For more detail, please see our white paper: https://godcoin.gold/wp-content/uploads/2018/04/GODcoin-whitepaper.pdf
We are in the middle of our ICO, which will end on April 30, and there is a 40% DISCOUNT on all coins purchased until then.
We would like for our currency to be displayed on this website, thank you.
The name of KaratBank Coin has been changed to KaratGold Coin (KGC).. Apparently the Rothschilds don’t like anything with the word “bank” in it if they don’t own it. It wil also be traded on coinbe.io. The goal is for KGC to be fully backed by 0.1 gram of CashGold when fully capitalized. KGC is backed by a global gold money and payment system.
Thanks for this great list James and thanks all for the helpful comments / advice (especially on us still needing to do further research on these great projects).
Here’s one more to add to the list. Looks like they got physical land with the gold in hand:
http://theminingcompany.club/
cheers!
http://www.businessinsider.com/vending-machines-in-malaysia-will-exchange-plastic-for-investments-2018-3
^ Very happy to see HelloGold still making great progress…I love it when companies do something positive for communities as a part of their marketing strategy.
Thank you for the guide! Very useful! Out of 5 pre-ICO projects in the list now Golden Currency to me is surely #1, really see no more good, maybe you could advise any? Or anything not in a list?
I guess reading history is not part of our daily lives. Golden currency They state that it’s just like paper currencies except it’s backed by gold. Just like the USA dollar was till 1971. Through out history at some point they start to print more receipts then there is gold. That possibility with this one is no exception
Hi! I am a member of Golden Currency team. Thank you for your comment! Let me share our thoughts on it. You are right, we are doing real money, with the legal status of real money. And it will be like dollar earlier or many other currencies that were backed by gold. But now there is no money in the world that is reliable and backed by gold. We strongly believe that the current state is bad for users and there is much demand for such stable money. Regarding the examples when governments started to print more receipts then there is gold – that is not our case, since we are talking about private money and we will have no monopoly to issue money, as being non-national money. If we even start thinking of it users just will not use our currency. And regular audits and other technologies that provide transparency and reliability will additionally guarantee the 100% backing of Golden by gold. We will be glad to answer any questions and provide any more comments on our project. You are also welcome to join our pre-ICO!
I am developing Dinar Coin backed by 0.25 gram of gold
Launching in 2019 having total supply of 11 million
HelloGold part of plans for a US $4 billion valuation startup ecosystem in Thailand in 2020. HelloGold was selected as one of only 15 companies for the $4 billion valuation:
http://www.nationmultimedia.com/detail/Corporate/30344477
Happy Golding 🙂
I am the CEO of Orocrypt. Our project has been privately funded and ongoing since last year, when we did not reached our soft cap and we refunded the ICO investors.
We are fully operational and currently offering our OCG token for sale through our website. Our tokens are ERC20 and the smart contract information can be seen by searching for OCG at etherscan or ethplorer. Albeit we are not longer active in Facebook, you can find us in Twitter, Medium, Telegram and Bitcointalk.
Kind regards. Alejandra de Gaustad. CEO. Orocrypt
My ranking for current pre-ICO projects;
1. Golden Currency
2-3. Goldvein
2-3. GoldMineCoin
James,
Thanks for developing and keeping this site current. Its a great reference.
Have you considered adding silver backed projects?
Projects like LODE.One and Silver Token are two that come to mind.
https://www.lode.one/
https://silvertoken.com/
Nice to have all the precious metal “Real Money” projects and active coins n one place..
Appreciate your consideration.,
email me other posts.thank you
Here it is. A Gold backed cryptocurrency currently on ICO from Indonesia.
https://cyronium.com/
Thanks, I’ll add it to the list!
Is there any site thats analyse and compare those different gold backed cryptos so you can sort out the possible scams and get an idea of what its safe to buy, now that gold and silver is about to break out.
You need to do your homework. There are websites that are obviously not quite right. For instance, no team information, no vault information, unclear value of token, etc. With us at Orocrypt, you can actually buy the gold directly at one of our partner vaults and have it tokenized through our contract with them. Being in contact with the vault’s management should give you confidence.
https://orocrypt.com
Here is the new and innovative Gold backed crypto currency comes into significance. With actual gold backing the currency, the reliability of this new crypto currency missiles. Using the same Block chain technology used by other cryptocurrencies, this latest crypto currency Gold bits coin(GBC) is what you need to get your hands on.
One of the most exciting aspects of Gold Bits Coin is its potential usability as the best gold backed cryptocurrency to invest. We believe that cryptocurrencies and governments can not only co-exist together but can serve to empower and make the other better and more efficient.
Visit: https://goldbitscoin.com/