We are opening the doors to YOCoin members for a very short period of time to get involved on a new cryptocurrency at a reduced cost before the rest of the World can get access to this very exclusive token! The World’s first legitimate gold backed crypto-token! Sure we all have heard the desire to have an actual gold backed cryptocurrency but up until now there hadn’t be one introduced that had a solid legitimate plan of action that actually grew the coin’s value over time. We are happy to announce we have developed such a token and you are the very first to get the chance to be involved. As with any new entity that catches on and becomes popular, the first people to seize the chance to be involved usually prosper the most as you will witness here. So we introduce to you, YoGOLD!
The Power of Gold
Gold is independent of the financial system, and its worth is underwritten by 5,000 years of human experience. Gold cannot be inflated by printing more of it. It cannot be devalued by central banks, and unlike paper currency, it is an asset which does not depend upon anybody's promise to pay. Portability and anonymity of gold are both important, but the most significant fact is that gold is nobody’s liability.
The security of blockchain
YoGold provides an easy way for people to buy digital currency (YoCoin, assets issued on blockchains) backed by gold. By employing blockchain technology and robust trading platforms, YoGold creates a quick and transparent access to the bullion markets for small investors. YoGold ensures a secure and simple gold investment using blockchain where all transactions are transparently verified by users without any interference of intermediary or 3rd party.
YoGold has established close relationships with technology companies, prime brokers, digital currencies as well as gold and precious metals investors around the world to ensure that YoCoin, issued smart contracts and transactions between users using blockchain are transparent.
CERTIFIED BY ASSAYERPurchase or redeem Gold at spot price from our partners using our platform. Free Gold storage in vaults operated by our partners. YoGold has zero rights to customer's Gold.
YoGold doesn't hold or control physical Gold, YoCoin or Gold Smart Contracts. All assets issued in YoGold are bridged transparently 100% to the liquidity provider using blockchain to insure decentralization. All new YoCoin and Gold Smart Contract wallets use multi-signature that belong to Gold owners. YoGold has multiple layers of proprietary technologies, secure processes and protocols to ensure the safety of our client's assets. YoGold servers are located in carefully selected jurisdictions, which reduces political risks, adverse regulatory actions or natural disasters. We take security very seriously. Security is our #1 priority.
Easily make payments, monitor real-time price changes, get digital currency or gold and trade on our platform. YoCoin, YoGold , Ethereum, that connect directly to the blockchain with exchange system right in your wallet. A wallet is a blockchain address represented by a private key, normally stored in a oftware application which resides on a device.
ETHEREUM GOLD BACKED ASSET
YoCoin is YoGold's digital currency, created on the Ethereum blockchain, being equal to a gold spot contract (XAU) from our forex liquidity provider. The total amount of YoCoin in circulation can be verified on blockchain or checking the XAU held in escrow at forex liquidity provider. Every YoCoin is pegged to real, physical gold, so the risk of nflation is eliminated. We are working hard to make YoCoin to be the perfect currency: spendable, anonymous, theft resistant, open source, non-counterfeitable, durable, inflation proof, decentralized nd scarce. Users can trade YoCoin, convert it into real money(dollars, euro, etc), real physical gold or use it as payments at certain merchants. This is the beginning of a new era of global currencies.
ETHEREUM PHYSICAL GOLD SMART CONTRACT
Gold Smart Contract offers five products: Gold 1 Gram, Gold 100 Gram, Gold 1 kg, Silver 100 Oz, Silver1 kg Users can procure GSC from other traders by using YoGold’s platform or from YoGold’s approved bullion providers. Bullion providers can create new GSC upon payment for physical gold. The GSC created proves the ownership of an amount of bullion, which can be redeemed as physical bullion at any authorized bullion provider. When a GSC is created, it is automatically registered on both the Ethereum blockchain and Bitcoin blockchain. Its existence can be verified on both blockchains. Bullion held in vaults of the bullion providers can be audited anytime to verify the amount held by clients as GSC.
“YOGOLD" Whitepaper Pdf document
YoGold, Blockchain explorer
Check Vault location