What Is Comtech Gold (CGO)?
Comtech Gold is 100% Shariah-compliant, making it the first token of its kind. Each token is backed by a clearly identifiable piece of gold that carries its own audit trail of its transactions. One CGO represents one pure gram of gold. Fully backed, redeemable, and regulated. There is no investment-grade gold product that is both easy to own and easy to trade. Physical gold is hard to store and transport. Gold futures are easy to trade but don’t give you ownership of the underlying commodity. ComTech solves this problem by providing a 100% gold-backed cryptocurrency.
Comtech Gold Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Comtech Gold |
| Short Name | CGO |
| Circulating Supply | 30,000.00 CGO |
| Total Supply | 100,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Gold Allocation Lookup
This tool is for CGO held in XDC wallets. Enter your XDC address to look up the serial number and information for your gold.
Today’s Gold Market Has A Problem
There is no investment-grade gold product that is both easy to own and easy to trade. Physical gold is hard to store and transport. Gold futures are easy to trade, but don’t give you ownership of the underlying commodity. The coin solves this problem by providing a 100% gold-backed cryptocurrency.
Features
Token Size and Pricing
Each token represents 1 gram of pure gold. It will be priced at the prevailing rate for gold on international markets.
Shariah Principles
Comtech Gold Each token follows 100% Shariah guidelines making it the first token of its kind. Each token is backed by a clearly identifiable piece of gold that carries its own audit trail of its transactions.
Vaulting and Storage
Physical gold bars are stored in the UAE in internationally accepted vaults. They are stored separately from other gold in the vault.
Gold Backing
All gold tokens are 100% backed by real physical gold. Comtech Gold comes in standardized 1 kg bars of .999 purity from internationally recognized refineries.
Conversion of Gold Token
Token holders have the right to convert their tokens to physical gold. Any investor holding coins equivalent to 1 kg or more of gold can cancel their tokens in exchange for equivalent gold in multiples of 1000 tokens (1 kg gold).
Digital Custodian
Comtech Gold tokens are issued with an approved digital custodian. The custodian will maintain records to offer accountability and an audit trail of all transactions in your wallet.
Built On XDC. Owned By You.
The ComTech Gold system is built on the XDC Network. XDC is the world’s first hybrid blockchain. It connects both public state and private sub-networks. This protects your data while remaining transparent and auditable.
XDC’s goal is to help enterprises enhance their business infrastructure, reduce costs, and improve visibility. With interoperable smart contracts, near zero fee transactions and high security, the XDC Network is designed to support a wide range of novel blockchain use cases.
Why ComTech Gold (CGO)?
Typical on-chain transactions for CGO moving on XDC network settle near instantly. When you create CGO on the XDC platform, tokens will typically be minted and delivered the same day (some larger transactions will settle the next business day).
Dubai Is Called The City Of Gold
Almost 1,200 tons of gold are traded in its souks. By strictly observing Shariah principles, we envision making Dubai the city of e-Gold.
100% Allocated Gold
When you buy a CGO token, you don’t buy an imaginary entitlement to unallocated gold that doesn’t exist. You buy a real, physical piece of gold, identified by a unique serial number.
One Token = One Fine Gram of Gold
And you can even invest in fractional amounts of a token, divisible out to 18 decimal points.
Zero Custodian Fees
CGO charges Zero custodian fees. This offer is for a limited time only.
Instant Settling Time
With Comtech Gold, you tap into the power of one of the world’s largest blockchain networks. All transactions are settled at the speed of light, with a cryptographically secure, decentralized verification protocol.
ComTech Gold (CGO) Ecosystem
CGO works in a wide ecosystem of vaults, exchanges, wallets, lending platforms, and more.
Article Disclaimer
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .
