Indodax
LGOLD is the first commodity backed token in Indonesia as part of Lyfe Ecosystem. LGOLD allows traders to buy and sell gold-backed token making the token a stable coin for safe-haven cryptocurrency trading. LGOLD provides the ease and speed of digital assets trading, where traders can buy and sell from exchanges while providing means to redeem the tokens into certified gold bars.
LGOLD will introduce a new possibility and alternative of commodity trading using blockchain where real assets can be transferred in a decentralized distribution network. It will then improve the efficiency, transparency, and the cost of commodity trading.
Each LGOLD token will have an underlying asset of physical gold in our partner Custodian. LGOLD can be exchanged to Fiat according to physical gold price or even exchanged to certified gold bars directly.
LGOLD is part of Lyfe program to create an asset-based stable token, backed-up by physical assets or commodities to complete market-based Lyfe Token ecosystem.
LGOLD will introduce a new possibility and alternative of commodity trading using blockchain. LGOLD will also path way for Lyfe future introduction of different type of commodity backed tokens.
