Quorium (QGOLD)
Quorium is a blockchain-based platform designed to reintroduce gold as a secure and practical medium of exchange in today's financial systems. Historically, gold has played a central role in monetary systems, but it has been largely replaced by sovereign currencies. These currencies initially adhered to the gold standard but have since evolved into independent fiat systems. While paper money improved the usability of gold by facilitating its division, storage, and transport, it also introduced challenges related to trust and counterparty risk due to potential over-issuance.
| Ticker | QGOLD |
| Category | Stablecoins |
| Website | https://quorium.io |
| Telegram | quorium |
| Contract Addresses | |
|---|---|
| binance-smart-chain | 0xdc...6c Copied! |
Overview
Quorium's QGOLD stablecoin is tailored for investors who want exposure to gold without dealing with the complexities associated with physical ownership. This digital asset targets individuals seeking alternatives to conventional gold investment methods, such as those available in the London bullion market, exchange-traded gold products (ETFs, ETNs, CEFs), and gold derivatives like futures and options. QGOLD offers a liquid and cost-effective avenue to harness the value of physical gold while bypassing the usual burdens of storage, transfer, and verification.
Tokenomics
Quorium token ($QGOLD)
QGOLD is a gold-pegged stablecoin designed to offer stability by being linked to the price of gold. This connection to a reliable asset provides a stable digital currency with less volatility compared to traditional cryptocurrencies or fiat currencies. QGOLD combines the advantages of fast, low-cost transactions with the security of gold.
Use cases
QGOLD addresses the limitations of physical gold by offering a digital representation that enhances mobility and liquidity. It facilitates seamless ownership and transfer of the value associated with gold, overcoming challenges related to storage and transaction costs. Additionally, QGOLD broadens access to gold as an investment asset by providing smaller, more affordable denominations. Its potential uses include serving as a sovereign-neutral monetary unit with significant stability, integrating qualities of both gold and cryptocurrencies like Bitcoin. This enables individuals to use QGOLD as a foundation for trade and investment, presenting a modern alternative to traditional gold-backed systems.
Key metrics
- Starting Supply: 84,000 QGOLD, with each token backed by one troy ounce of gold.
- Exploration Scope: One mining area with exclusive rights and verified resource ownership.
- Additional Tokenization: Potential for tokenizing resources, ensuring value and security with available assets.
- Gold-Backed Stability: QGOLD's value is tied to gold, offering enhanced stability and security.