December 6, 2017 – Tether Gold has launched an online ICO for its revolutionary digital currency called GLDT. This impressive new model of cryptocurrency is backed by actual gold tethers and it will be officially available in the first quarter of 2018. The initial coin offering is live till Sunday, December 31st, 2017 and contributors can now finance the tokens by participating in this one of a kind ICO. GLDT is going to be an all new type of digital currency, which is built on top of the Bitcoin blockchain and it is going to be the safest option available on the market.
“Our tethers will be backed by 1-to-1 by Gold Bullion, which will be held in Tether Gold’s Limited’s reserves and this will make it a stable and secure investment as well as a currency,” said the spokesperson of Tether Gold, while talking about GLDT. According to the spokesperson, the value of 1 GLD₮ will always be equal to 1 Oz .999 Au Gold. GLDT is basically the unit of Tether Gold currency and its value is 1 Oz or 31.1 Grams of .9999 AU GOLD.
In addition, the company has proposed a method to maintain a 1-1 reserve ratio between a cryptocurrency token and users will be able to withdraw funds to a Bitcoin blockchain address as GLDT. Gold will not only add stability to the value of this currency over time but will also make it globally more preferable and sustainable. Furthermore, this will also make it a more accountable and auditable type of digital currency.
The use of blockchain technology in this new type of currency will also play a major role in adding stability and benefits to its usage worldwide. It will become more adaptable because a digital token backed by Psychical Gold provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The company is welcoming investors and contributors to finance in the first GLDT tokens with this ICO and the fees generated will be distributed as dividends to ICO participants.
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