search
Homeweb3.0GLDT: The World's First DAO-Governed, Gold-Backed Token
GLDT: The World's First DAO-Governed, Gold-Backed TokenOct 31, 2024 am 09:50 AM
Gold-Backed TokenDAO-Governed Decentralized Transactions

GLDT, the world's first DAO-governed, gold-backed token, made its debut on October 30, 2024, offering a novel way to own and transact with the stability of physical gold.

GLDT: The World's First DAO-Governed, Gold-Backed Token

The world's first DAO-governed, gold-backed token, GLDT, hit the ground running on October 30, 2024, presenting a groundbreaking method to own and transact with the stability of physical gold.

Backed entirely by physical gold bars stashed away in Swiss vaults, GLDT introduces a decentralized model for gold ownership that could fundamentally alter how gold operates within digital finance.

The GLDT token marks the latest effort to integrate blockchain with tangible assets. Each GLDT token is linked 1:1 with a Gold NFT (GLD NFT) — equating to 1 gram of gold. This enables users to effortlessly convert their holdings into physical gold or use it as a digital currency.

This structure makes GLDT the first of its kind: a tokenized asset fully backed by real gold, managed through a decentralized autonomous organization (DAO) rather than a centralized institution.

Vaulted by Loomis and audited by KPMG, the underlying Metalor gold bars ensure token security, while Switzerland's reputation for financial custodianship further bolsters confidence.

GLDT's framework leverages the Internet Computer Blockchain, allowing on-chain storage and data integrity for individual gold assets. This digital infrastructure affords token holders transparency in transactions at low cost, a crucial feature as digital assets with physical backing gain traction.

GLDT aims to simplify access through its GLDT Swap, where users can convert GLD NFTs into GLDT tokens or acquire them through decentralized exchanges. Swiss-based crypto broker Bity.com facilitates initial purchases, with plans to expand into other cryptocurrencies down the line.

Beyond straightforward ownership, GLDT opens up possibilities in decentralized finance (DeFi). Holders can provide liquidity by pairing GLDT with stablecoins or use it as collateral within lending and borrowing protocols.

These functionalities align with GLDT's broader aspiration to be more than a digital gold equivalent, aiming to become a foundational asset in the DeFi ecosystem.

The above is the detailed content of GLDT: The World's First DAO-Governed, Gold-Backed Token. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Pi Node Teaching: What is a Pi Node? How to install and set up Pi Node?Mar 05, 2025 pm 05:57 PM

Detailed explanation and installation guide for PiNetwork nodes This article will introduce the PiNetwork ecosystem in detail - Pi nodes, a key role in the PiNetwork ecosystem, and provide complete steps for installation and configuration. After the launch of the PiNetwork blockchain test network, Pi nodes have become an important part of many pioneers actively participating in the testing, preparing for the upcoming main network release. If you don’t know PiNetwork yet, please refer to what is Picoin? What is the price for listing? Pi usage, mining and security analysis. What is PiNetwork? The PiNetwork project started in 2019 and owns its exclusive cryptocurrency Pi Coin. The project aims to create a one that everyone can participate

Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Top 10 virtual digital currency app platforms in the world, the top ten virtual currency trading platforms in 2025Mar 05, 2025 pm 08:00 PM

With the booming development of the virtual currency industry, virtual digital currency trading platforms around the world are becoming increasingly stronger. This article focuses on the top ten virtual digital currency app platforms in the world in 2025, including Binance, OKX, Gate.io, Kraken, Gemini, FTX, Bybit, KuCoin, Huobi and Coinbase. These platforms are known for their advanced features, a wide range of transaction pairs, low fees and stable performance, providing users with a wide range of virtual currency trading options.

Bitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryBitcoin [BTC] was on a downtrend after losing the $92,000-support level in the final week of FebruaryMar 16, 2025 am 10:10 AM

Technical indicators such as the OBV showed that selling pressure has been dominant, meaning more losses may be likely ahead.

Understand the current situation and future of MEV on a single articleUnderstand the current situation and future of MEV on a single articleMar 04, 2025 pm 05:06 PM

Sui Blockchain's MEV (Maximum Extractable Value) strategy and future outlook MEV have become the core issues in the blockchain field, which are related to transaction sorting and arbitrage opportunities. Sui is committed to guiding the development of MEV through Sui Improvement Proposal (SIP) and other mechanisms, ensuring transparency, transaction security, network health, and participant rewards. In addition to existing mechanisms, more mechanisms are planned to be introduced to ensure that its core principles can effectively guide the evolution of MEVs on Sui. Design principles and considerations Sui's every transaction contains potential profit opportunities. Sui's MEV ecosystem consists of the following mechanisms: MEV transaction submission mechanism MEV opportunity release mechanism MEV

Qubetics ($TICS): The Revolutionizing AI CryptoQubetics ($TICS): The Revolutionizing AI CryptoMar 23, 2025 am 10:08 AM

Cryptocurrency has always been a realm where the cutting edge of technology meets bold ambition, and it's only getting more exciting in the future. As artificial intelligence continues to grow in influence, there are a handful of digital assets that

Bitcoin historical price list 2015-2025 Bitcoin price trend charts in the past decadeBitcoin historical price list 2015-2025 Bitcoin price trend charts in the past decadeMar 12, 2025 pm 06:54 PM

This article reviews the ten-year price trend of Bitcoin from 2015 to 2025 in detail. Data shows that Bitcoin price fluctuates dramatically, experiencing huge changes from $200 to over $100,000. During this period, the price of Bitcoin was affected by a variety of factors, including halving of block rewards, market sentiment, regulatory policies, and global macroeconomic situation. The article analyzes the rise and fall of Bitcoin prices year by year, and focuses on interpreting the price changes in key years, providing a reference for investors to understand the history of Bitcoin prices and predict future trends. Keywords: Bitcoin price, Bitcoin trend, Bitcoin decade, digital currency, cryptocurrency

Top 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsTop 10 Free Virtual Currency Exchanges Rankings The latest top ten virtual currency APP trading platformsMar 11, 2025 am 10:18 AM

The top ten free virtual currency exchanges are ranked: 1. OKX; 2. Binance; 3. Gate.io; 4. Huobi Global; 5. Kraken; 6. Coinbase; 7. KuCoin; 8. Crypto.com; 9. MEXC Global; 10. Bitfinex. These platforms each have their own advantages.

Cyber criminals were able to steal cryptocurrency worth 1.5 billion US dollarsCyber criminals were able to steal cryptocurrency worth 1.5 billion US dollarsMar 16, 2025 am 11:12 AM

Since then, the provider has been investigating how this could have happened and how it will (hopefully) not happen again in the future.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Repo: How To Revive Teammates
1 months agoBy尊渡假赌尊渡假赌尊渡假赌
R.E.P.O. Energy Crystals Explained and What They Do (Yellow Crystal)
2 weeks agoBy尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island Adventure: How To Get Giant Seeds
4 weeks agoBy尊渡假赌尊渡假赌尊渡假赌

Hot Tools

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SublimeText3 Linux new version

SublimeText3 Linux new version

SublimeText3 Linux latest version