Gold DAO is a real-world asset (RWA) project that tokenizes physical gold bars into Gold tokens and gold-backed stablecoins.
Gold DAO is a decentralized autonomous organization (DAO) that combines the traditional value of gold with blockchain technology, specifically through the Internet Computer Protocol (ICP). It utilizes GLD NFTs to tokenize real, high-quality gold bars stored in Switzerland, ensuring ownership of physical gold is transparent, secure, and easily transferable. These GLD NFTs, built on the ORIGYN protocol (https://www.origyn.com/), are triply audited by KPMG for utmost transparency and reliability. This system bypasses traditional financial intermediaries, making gold investment globally accessible and democratizing it for all, without geographic barriers.
Gold DAO was initiated by DAO.Link (https://dao.link/), a company in Switzerland that launches and enables DAOs.
Gold DAO transitioned to community governance via an SNS-DAO on the Internet Computer Protocol (ICP), allowing GLDGov token holders to steer its direction, granting holders voting rights and participation in decision-making to direct the project's future. The DAO voted through a proposal to give control for project development and daily operations to the team at DAO.Link.
Participants in the governance process holding GLDGov tokens receive rewards and are incentivized for their active community involvement. An overview and all details to the tokenomics of the governance token GLDGov can be found on the Gold DAO Dashboard (https://dashboard.gold-dao.org/).
Gold DAO Price Analysis
As of November 25 2024 Gold DAO has a marketcap of $46M.
This is {{percentagefromath}} from its all time high of $0.087434.
In terms of its tokenomics, there's a total supply of 997M with 70% currently outstanding.
Keep in mind Gold DAO has a fully diluted value of $66M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
