When reviewing the market data provided by Coin Market Cap on gold-backed tokens, it becomes immediately apparent that one token’s circulating supply and market cap is reported with different metrics than the others. CGT, DGX, PMGT and XAUT all have arbitrary deductions to their “total supply” to determine their “circulating supply,” but one token does not: PAXG.
This is despite the fact that over 32.5% of PAX Gold’s total supply is controlled by their treasury address and that PAX Gold’s own “Gold Allocation Lookup” tool shows no gold backing this address as well as other discrepancies.
We are excited to announce the listing of CACHE Gold (CGT) for Bittrex Global customers! Wallet is enabled for deposits and withdrawals. The BTC-CGT and USDT-CGT markets are now open for trading.
CACHE Gold tokens (CGT), are backed 100 percent by investment-grade physical gold. The gold is stored around the world in secure vaults operated by Dillon Gage, Brink’s, Loomis and The Safe House. Each CACHE Gold token is the equivalent to one gram of pure, physical gold. CACHE tokens can be redeemed for their equivalent value in gold at any time. In amounts as small as 100 grams, redeemed gold can be sold for USD, shipped to the token holder’s address or collected in person at select vaults.
CACHE Gold tokens, which are fully regulated, public, transparent, redeemable tokens backed by investment-grade gold stored in vaults around the world, are paired on Uniswap with ETH and DAI.
The availability of CGT on Uniswap comes in the same week that Bithumb Global, a leading global digital asset exchange, listed the tokens paired with BTC and USDT. …