What is Guardian Gold?
Guardian Gold is a cryptocurrency that has all of the benefits of a digital currency along with security of the backing by 100% physical gold. This provides a floor for the ultimate price of GGT, but there is no ceiling.
GGT tokens are ERC-20 compliant which are deployed on the Ethereum network. GGT contain the full cryptographic security of the Ethereum network protocols. Each 1 GGT token is backed by 1 gram of 99.99% gold cast bars from London Bullion Market Association approved refiners. GGT tokens will initially be purchased using the Ethereum cryptocurrency.
GGT tokens will be sold and minted in multiple rounds. GGT tokens can be purchased on the Guardian Gold website. Within 10 business days of GGT minting, the corresponding amount of gold is purchased by Guardian Gold and stored within our worldwide vaults. GGT tokens can be redeemed for physical gold (32 GGT minimum) or exchanged for Ethereum currency(1 GGT minimum). When GGT tokens are redeemed they are then burned from the total GGT supply.