CACHE Gold tokens are completely regulated, public, transparent, and redeemable tokens that are backed by gold held in vaults all over the world. CACHE is regulated by a shareholder agreement that delegates operational policy decisions to the board of directors, which is made up of three individuals who are registered with Singapore’s Accounting and Corporate Regulatory Authority (ACRA).
About CACHE Gold
GramChain’s goal is to create a readily deployable, open, and adaptable standard for digitizing physical assets in the most transparent, fungible, and immutable way possible. CACHE’s goal is to track and redeem claims on GramChain physical assets while also providing transparency, completeness, reliability, and automation, as well as efficient storage fee collection.
Together, they enable individuals and businesses to safely convert gold into CACHE claims and vice versa, letting them own gold in either digital or physical form. CACHE is also well-suited for a new generation of Gold ETFs that can help the industry achieve greater transparency, robustness, and lower administrative expenses.
What is CACHE Gold [CGT]?
The CACHE coin is an Ethereum ERC-20 standard token that is designed to manage claims on fungible physical goods like gold. In comparison to previous asset-backed tokens, CACHE is aimed to provide improved proof of reserve (PoR) assurance and transparency.
CACHE is distinguished by the requirement that tokens be backed 100 percent by a tangible asset that is registered, RFID monitored, photographed, and assigned to CACHE directly by professional vault workers utilizing the GramChain asset monitoring system.
Who Are the Founders of CACHE Gold [CGT]?
Gregor Gregersen is the Director and CEO of CACHE Gold. Gregor has 20 years of software development expertise and has imported over 375 tonnes of gold and silver to Singapore over the last decade, the majority of which is kept in The Safe House.
Brian Hankey is the CIO and Co-founder of CACHE Gold. He has over a decade of experience in digital commercialization. He has established compliant IT systems, worked with the Singapore Police Force to avoid fraud, launched Singapore’s largest bitcoin ATM network, and co-developed an insured Bitcoin custody solution.
What Makes CACHE Gold Unique?
While CACHE complies with the ERC-20 standard, it also includes non-standard features. There is a storage cost that accumulates over time as the token is stored, as well as a transfer fee that is paid when tokens are moved from one address to another. These fees are distinct from Ethereum transaction fees, which are paid in ETH when using smart contracts, and are instead paid “in kind” with the CACHE token. Fees are collected when users transact or when a given address goes unattended for an extended length of time. These features are transparent and unchangeable, providing token holders with long-term security.
Where Can You Buy CACHE Gold [CGT]?
If you’re looking for a place to purchase CACHE Gold, the best cryptocurrency exchanges to use right now are PancakeSwap (V2), and Liquid.
Frequently Asked Questions
Can I Buy CACHE Gold [CGT] With Cash?
No. There is no direct method to purchase CGT using cash. You can, however, utilise markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy CACHE Gold [CGT] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the CACHE Gold [CGT] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact ZI price and market cap.
CACHE Gold Official website https://cache.gold/
CACHE Gold Twitter –https://twitter.com/cache_gold