Have you ever considered investing in actual gold? Gold is one of the most precious stones worldwide, and it’s also unaffordable for most people. But here’s the catch. You can still gain access to gold through cryptocurrency. With more investors gaining interest in cryptocurrencies, companies replace each token with physical gold to make them more attractive. Here are three of the most sought-after gold-backed cryptocurrencies.
1.The Miner token
The miner token is the product of the Miner Network under the Origin Trust Foundation. The Miner Network created the cryptocurrency to support the Origin Trust Foundation in redesigning today’s economy. It is the best gold-backed cryptocurrency because it’s a secure and accessible cryptocurrency. The tokens average a minute of mining by every Miner Network employee. Therefore, not only are you investing in precious metal, but you’re also creating employment opportunities.
The mines under the Business Name adhere to the Miner Pledge, and the company delivers the physical gold to your doorstep upon withdrawal. Remember, you can also trade in the gold for Bitcoins and Ether instead. The process is transparent and result-oriented.
2.Goldcoin
If you’re looking to invest in cryptocurrencies that have been around for a while, then Goldcoin might be the best option. Goldcoin or GLC has been in existence for years under the Ethereum blockchain. That means it is stable and easy to access for beginners. One Goldcoin is equivalent to approximately $100.57, but the number keeps increasing, depending on market performance.
3.Tether Gold
With its reserves spread across highly secure Swiss vaults, Tether is already known for its USD-backed coin. However, the company is switching gears and introducing gold-backed cryptocurrencies. The cryptocurrency is referred to as XAUT. Each token is equivalent to a single troy ounce of gold. You can either redeem the token as physical gold or exchange it for cash. Either way, you will still come out on top of the investment game.
In conclusion, gold-backed cryptocurrencies break the barrier on who is eligible to own gold. Everyone can pile up their gold collection through crypto from as low as $100. Hopefully, this helps guide you to the best gold-backed cryptocurrency.