Universal Gold now available on Uphold!

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

Quote from: NeuroticFish on February 01, 2021, 03:17:44 AM

Quote from: LeGaulois on January 31, 2021, 03:20:00 PM

...

Hmm, this could actually be interesting. Thank you for the answers.
Since my search didn't return any ANN and since the coingecko link were not showing any trading volume, I assumed it's some new gold scam token.

So...
Is there a proper announcement for this? I mean that searching for Infinigold (which seems to be Trovio now) I got to 2 tokens, PMGT and UPXAU?!

You're welcome

The token is listed only on Bittrex actually with 2 pairs (UPXAU/USDT and UPXAU/BTC). There is nothing interesting to see with the trading volume currently, the 2 pairs together have less than 0.01BTC the last 24h

About the PMGT token, I have never heard about it before but it appears to be another token backed by gold and Infinigold is also the same issuer. Both UPXAU and PMGT are unrelated

For UPXAU https://www.universalprotocol.io/
For PMGT https://www.pmgt.io/

https://www.businesswire.com/news/home/20200813005303/en/UP-Alliance-Launches-Digital-Token-Backed-by-Government-guaranteed-Gold-UPXAU
https://cointelegraph.com/news/perth-mint-infigold-launch-gold-backed-token-on-public-blockchain

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: LeGaulois on January 31, 2021, 03:20:00 PM

It's an ERC-20 token and 1 token = 1 troy oz. The issuer is a coalition of cryptocurrency companies (Universal Protocol Alliance)
A token is collateralized by a certificate from Infinigold (an Australian Fintech startup working on the digitalization of gold and precious metal). It's then published on the blockchain and audited by Certik
The physical gold is at the Perth Mint in Western Australia hence the 'government-backed' since it's owned by the government of Western Australia

Hmm, this could actually be interesting. Thank you for the answers.
Since my search didn't return any ANN and since the coingecko link were not showing any trading volume, I assumed it's some new gold scam token.

So...
Is there a proper announcement for this? I mean that searching for Infinigold (which seems to be Trovio now) I got to 2 tokens, PMGT and UPXAU?!

LeGaulois

copper member

Activity: 2940

Merit: 4101

Top Crypto Casino

Quote from: NeuroticFish on January 31, 2021, 02:35:38 PM

Is this for a token?

It's an ERC-20 token and 1 token = 1 troy oz. The issuer is a coalition of cryptocurrency companies (Universal Protocol Alliance)

Quote from: NeuroticFish on January 31, 2021, 02:35:38 PM

Is there any proof that you guys hold anything to back the value of the token?

A token is collateralized by a certificate from Infinigold (an Australian Fintech startup into the digitalization of gold and precious metal). It's then published on the blockchain and audited by Certik

Quote from: NeuroticFish on January 31, 2021, 02:35:38 PM

Is there any proof for the claims that it's government backed?

The physical gold is at the Perth Mint in Western Australia hence the 'government-backed' since it's owned by the government of Western Australia

Edit:
https://support.uphold.com/hc/en-us/articles/360047103451-What-is-Universal-Gold-UPXAU-
https://support.uphold.com/hc/en-us/articles/360046703472-What-advantages-does-UPXAU-have-compared-with-other-gold-tokens-

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Is this meant to be an ANN?
Is this for a token?
Is there any proof that you guys hold anything to back the value of the token?
Is there any proof for the claims that it's government backed?

I mean that what I see for now means for me absolutely zero credibility.
Anyone can make a token and listing it here or there is not hard either. Trust, on the other hand, must be built...

pompatore

hero member

Activity: 787

Merit: 501

https://www.coingecko.com/it/monete/universal-gold
government insured gold
this is probably the safest stable coin

cool

UpholdInc

newbie

Activity: 7

Merit: 0

Introducing Universal Gold (UPXAU), the only form of gold that is:

✔️ Free to hold (no storage fee)
✔️ Government backed
✔️ No minimum to buy
✔️ Spendable on a debit card

Trade gold-backed assets with total peace of mind on the Uphold app: https://uphold.com/en-us/

Topic: Universal Gold now available on Uphold! (Read 144 times)