CACHE Gold Tokens (CGT) Now Available on Uniswap as Momentum Builds
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SINGAPORE, June 10, 2020 — We are pleased to announce that CACHE Gold tokens (CGT) are now available on Uniswap, a decentralized exchange for Ethereum and ERC-20 tokens.
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. The momentum from the availability on the exchanges also follows the strategic partnerships of the last few weeks.
Onchain Custodian, the digital asset custody service provider backed by Fosun, Sequoia and DHVC, partnered with CACHE to enable the insured safekeeping of CGT. Gold backing CGT is stored around the world in secure vaults operated by Dillon Gage, Brink’s, Loomis and The Safe House. CACHE has also recommended wallets such as Ledger and Argent.
CACHE’s token supply is kept in sync with its underlying gold supply via the CACHE Token Governor which ensures the number of tokens in circulation never exceed the number of grams of pure physical gold locked and tracked by GramChain. CACHE tokens are unique because they are backed by physical gold that is redeemable by token holders on demand.
Each CACHE Gold token is the equivalent to one gram of pure, investment-grade, 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.
For more information visit us at https://cache.gold/
About Uniswap:
Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum.
A simple formalized equation drives unstoppable liquidity for thousands of users and hundreds of applications. Uniswap empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all.
About CACHE:
CACHE tokens are regulated, public, transparent and redeemable tokens backed by gold stored in accredited vaults around the world. CACHE uses GramChain, a revolutionary new Proof of Reserve system, that enables the public to view photos and see real-time status updates for each bar in each vault.
With worldwide liquidity and storage providers as well as accessible, auditable assets tracked by the CACHE Explorer and strict AML/KYC policies, CACHE provides fast, flexible redemption at scale with the option to sell the underlying gold for fiat currency.
