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Zambesi Gold Brings Financial Players a Digital Token Backed By Real Gold

Cryptocurrency Mar 03, 2022 11:00AM ET
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© Reuters Zambesi Gold Brings Financial Players a Digital Token Backed By Real Gold

Zambesi Gold has unveiled its token, dubbed ZGD. Following the launch of the token, Zambesi Gold ”boastfully claim’ that if bitcoin and gold had a baby, it would be ZGD. The mining firm that specializes in the development of selected mineral assets and operations of producing gold, terms the coin as an asset that is backed by real gold, real people and real mining operations.

The Zambesi team launched the first phase of their ICO pre-sale on January 14, 2022, allocating 60 million tokens at a price of $0.10 for a limited time.

Phase two of the coin offering started on February 14, 2022 and is scheduled to conclude on March 14, 2022. Early-bird investors have just under three weeks left to get involved and accumulate the Zambesi Gold Token at a discounted price of $0.15. The ZGD token also has a guaranteed listing on a major exchange at $0.30 on 12th May.

The project ecosystem channels the majority of investments toward funding Zambesi Gold (Pty) Ltd gold plant acquisitions and other mining operations. ZGD is backed by the real gold mined from various mines and locked in a vault managed by an independent A+ custodian bank.

Funds raised from the initial ICO have already helped the project team secure its first gold plant (An expansion to Middelvlei mine), which has a 50,000 ton monthly capacity. 75% of all gold profits will fund new mine acquisitions and operations, while the remaining proceeds will benefit token holders.

What Makes ZGB Different From Other Cryptocurrencies?

Zambesi Gold boasts a robust business model that enables the company to produce gold at a much lower cost than other players in the mining industry. The community-centric platform solves issues such as crippling overhead costs, debt, and mismanagement to deliver sustained operational profitability and create commercial value for all users.

The project signifies several unique agreements and synergies between the ZGD token and its investors that implement the ‘Zambesi Gold standard’, a monetary system backed by the value of physical gold.

The project backers have adopted a structure that eliminates the risk of the gold held in trust ever being encumbered or borrowed upon, ensuring increasing value for holders.

ZGD has a limited supply to curb inflation and ensure that the digital currency appreciates regardless of factors such as demand and the prevailing gold price. The Zambesi Gold Custodian Trust works to benefit token holders by depositing more gold to their vault, ensuring backing for each token increases every month.

The unrivalled ecosystem generates liquidity via its excellent exchange mechanism that facilitates a token holder to redeem the proportionate value of the gold held in trust at any time.

The protocol permanently removes (burns) redeemed tokens from circulation to incentivize holding while adding more value for the remaining token holders.

About Zambesi Gold (Pty) Ltd

Zambesi Gold is committed to changing mining in Africa under the leadership of project head

Zambesi Gold Brings Financial Players a Digital Token Backed By Real Gold
 

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