Gold DAO: The pioneer of on-chain physical gold tokenization.

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Physical Gold Digitization: Gold DAO Opens a New Chapter for RWA on the IC Blockchain

With the continued rise of the RWA sector, not only are established DeFi platforms making their moves, but new protocols are also emerging one after another. RWA is expected to not only become a major narrative in the next bull market but also serve as a bridge connecting the crypto market with traditional finance, bringing in a large amount of traditional capital. RWA, or the tokenization of real-world assets, is the process of converting the equity value of tangible or intangible assets into tokens. RWA can represent various traditional assets, including commercial real estate, bonds, cars, and almost any form of value storage that can be tokenized.

Major public chains are actively responding to the RWA trend by launching related protocols. In the Internet Computer ecosystem, the emergence of Gold DAO marks the beginning of the RWA story.

Recently, the IC ecosystem has attracted attention due to the decentralized writing protocol and the inscription experiment. The Gold DAO achieved its SNS fundraising goal in just 5 hours, injecting new vitality into the ecosystem. Currently, Gold DAO is conducting an SNS Swap and releasing governance tokens. Many new users on the IC chain are inquiring about how to participate in the purchase.

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, raised over a million dollars in just 5 hours

Gold DAO aims to bring gold into the Web3 world. Traditional methods of investing in gold have their pros and cons, such as the storage issues of physical gold and the management fees of ETFs, which often make investors feel cumbersome. Gold DAO is committed to achieving the digitization and democratization of gold through blockchain technology, enabling global users to trade physical gold safely and fairly.

The Gold DAO ecosystem consists of four parts: GLD-NFT (Gold NFT), GLDT (Gold Token), USDG (Gold-backed Stablecoin), and GLDGov (Governance Token).

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, raised over a million dollars in just 5 hours

GLD NFT represents ownership of physical gold stored in a vault, which can be redeemed for physical gold at any time by the holder. Each NFT contains complete data such as ownership certificates, minting information, images of the gold bars, etc., all stored on-chain.

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, Raised over a million dollars in just 5 hours

GLDT is a fungible token that represents 0.01g of gold. It can be exchanged with GLD NFT through smart contracts, enhancing the liquidity of gold on-chain.

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, Raised Over One Million Dollars in Just 5 Hours

USDG is a stablecoin over-collateralized by GLDT, using a mechanism similar to MakerDAO to maintain price stability. It features anti-inflation and price stability characteristics, and is expected to become an important native stablecoin in the IC ecosystem.

GLDGov is the governance token of Gold DAO, currently being sold through SNS. Holders can participate in governance, stake to earn rewards, and become development contributors, among other things. It is worth mentioning that Gold DAO achieved its minimum fundraising target in just 5 hours, demonstrating strong market appeal.

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, raised over a million dollars in just 5 hours

The main reason Gold DAO chose to build on IC is the unique capabilities of the ORIGYN protocol, as well as the importance of the SNS system in launching decentralized organizations. In the future, Gold DAO also plans to achieve cross-chain interoperability, allowing more users to utilize its products.

The launch of Gold DAO brings new vitality to the IC ecosystem, particularly filling an important gap in the stablecoin sector. As the project continues to develop, Gold DAO is expected to become an important bridge connecting traditional finance and the crypto world, promoting further application and innovation of RWA in the blockchain field.

Exclusive Interview with Gold DAO CEO: IC on-chain Gold RWA Project, Raised over a million dollars in just 5 hours

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BlockchainFoodievip
· 8h ago
mmm... tokenizing gold is like making a perfect souffle - gotta have the right recipe and timing tbh
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just_another_fishvip
· 9h ago
All in! Follow the wave!
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SocialAnxietyStakervip
· 9h ago
These 5 hours are too intense!
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SolidityStrugglervip
· 9h ago
Gold on the blockchain? I understand this.
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ParallelChainMaxivip
· 9h ago
There’s something interesting, let’s play with it.
View OriginalReply0
UncleLiquidationvip
· 9h ago
Having money is willful, All in ic!
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WinterWarmthCatvip
· 9h ago
Looks like it can really make money, a million dollars in just five hours.
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