STANDARD IN GOLD Stablecoins
At STANDARD IN GOLD you are not simply buying a crypto coin. While this is common on other blockchains, we do not use this technology as a value in itself, we use this technology to securitize real existing values.
In fact, with STANDARD IN GOLD you buy real physical LBMA certified gold and receive the corresponding coins as a certificate of ownership for the gold that is safely stored for you in our high-security warehouses.
For the sake of simplicity, we have created our stable coins based on national fiat currencies that still exist and on past European hard currencies.
SOLID forms the basis of the Gold Smart Chain. If you buy directly from the dashboard, you will always receive SOLID first. The SOLID is always 0.01 grams of 999.9 Fine LBMA-certified gold. You therefore own real physical gold with the SOLID.
The SOLID can be exchanged for any other currency on the Gold Smart Chain. Please ensure that you always have sufficient STAND, as this is used to pay the transaction fees.
The G-AUD is a coin based on the Australian dollar (AUD). The price of the G-AUD was calculated based on the AUD to euro exchange rate and fixed as of January 2024. This means that the G-AUD is always worth 0.0083 grams of gold.
The G-GBP is a coin based on the British pound (GBP). The price of the G-GBP was calculated based on the GBP to euro exchange rate and fixed as at January 2024. This means that the G-GBP is always worth 0.015 grams of gold.
The G-DEM is a coin based on the German mark (DEM). This was the legal currency in Germany before the euro was introduced. The price of the G-DEM was calculated based on the DEM to euro exchange rate and fixed as of January 2024. This means that the G-DEM is always worth 0.0069 grams of gold.
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The G-CAD is a coin based on the Canadian dollar (CAD). The price of the G-CAD was calculated based on the CAD to euro exchange rate and fixed as of January 2024. This means that the G-CAD is always worth 0.0093 grams of gold.
The G-ATS is a coin based on the Austrian schilling (ATS). This was the legal currency in Austria before the euro was introduced. The price of the G-ATS was calculated based on the ATS to euro exchange rate and fixed as of January 2024. This means that the G-ATS is always worth 0.00098g gold.
Many more stablecoins are in preparation and will be published here shortly with further information.