White Paper

What is Gold Token?

highly efficient and transparent tokenised asset.

The total amount of gold token issued is equal to the total amount of gold that can be mined in the world. It is the blockchain gold used by Meta Universe. The properties of gold token can be used as meta-universe assets.

1. Meta universe currency exchange

2. Meta universe commodity trading

3. Meta universe safe-haven assets

4. Meta Universe Wealth Identity Mark

Total gold token issuance

The below-ground stock of gold reserves is currently estimated to be around 50,000 tonnes, according to the US Geological Survey.

To put that in perspective, around 190,000 tonnes of gold has been mined in total, although estimates do vary.

Based on these rough figures, there is about 20% still to be mined. But this is a moving target.

According to this data, the total issuance of gold token is determined to be 200,000 tons = 200000000000 grams.

Based on the global population of 8 billion people, 25 grams per capita.

Gold token network will choose to use public blockchain.

A public blockchain has absolutely no access restrictions. 

Anyone with an Internet connection can send transactions to it as well.

A public blockchain is decentralized and does not have a single entity which controls the network.

Data on a public blockchain are secure as it is not possible to modify or alter data once they have been validated on the blockchain.

Meta universe gold token

The metauniverse has many possibilities for application. An ideal meta universe will allow users to carry out any experience or activity from a single starting point, or solve almost all their needs, so in its completed state, the meta universe can be applied to anything.

Since the meta universe is all inclusive, it should have a reliable asset, which is blockchain gold. The characteristics of blockchain gold in the meta universe are equivalent to the role of gold in the real world. Blockchain gold can be used in the meta universe to invest, store, trade and avoid the financial risks of the meta universe, Gold token are even used as decorations and identity symbols in the virtual world of the meta universe.

Uniquefeatures and benefits of Gold Token

Why use blockchain gold instead of traditional gold?

Compared with traditional gold, blockchain gold has greater advantages and usage scenarios.

    1.A more private internet

You don't need to provide all your personal details to use an Gold app. Blockchain Gold is building an economy based on value, not surveillance.

    2.A peer-to-peer network

Blockchain Gold allows you to move money, or make agreements, directly with someone else. You don't need to go through intermediary companies.

    3.Censorship-resistant

No government or company has control over Blockchain Gold. This decentralization makes it nearly impossible for anyone to stop you from receiving payments or using services on Blockchain Gold.

And physical gold does not have the above advantages.

Gold Token Supply 

Token Emission Policy

1.Total mining rewards = M + R + S

    a.M = mining rewards

    b.R = total referral rewards

    c.S = surprise rewards

2.M = f(O) Where f is a stepped periodic function

    a.O(output) is the total output at the current time node

3.R = r * M

    a.r = referral rate(10%)

4.S = p * M * 2

    a.p = Surprise reward probability(20%)

How to mine gold tokens and matters needing attention.

You need to contact the miner who is currently mining to obtain his invitation code. After registering with the invitation code, click the “Gold ” button on the homepage to mine. Everyone can mine 3 times a day, and each mining requires 8 hours to wait.

in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored. After this point, The balance of fake users or repeat users will be released to real users.