Bidya logo
  Crypto Coin Prices and News  

CGT Price   

Cap | Volume | High | Low | Old | New | Rare | Vs | Blockchains | Exchanges | Market | News | Dev News | Search | Watchlist
CGT

CACHE Gold  

#CGT

CGT Price:
$54.21
Volume:
$17.2 K
All Time High:
$75.26
Market Cap:
$4.3 M


Circulating Supply:
78,923
Exchanges:
1+
Total Supply:
100,771
Markets:
1+
Max Supply:
8,133,525,786
Pairs:
2



  CGT PRICE


The price of #CGT today is $54.21 USD.

The lowest CGT price for this period was $0, the highest was $54.21, and the exact current price of one CGT crypto coin is $54.21301.

The all-time high CGT coin price was $75.26.

Use our custom price calculator to see the hypothetical price of CGT with market cap of BTC or other crypto coins.


  CGT OVERVIEW


The code for CACHE Gold crypto currency is #CGT.

CACHE Gold is 2.3 years old.


  CGT MARKET CAP


The current market capitalization for CACHE Gold is $4,278,653.

CACHE Gold is ranked #1192 out of all coins, by market cap (and other factors).


  CGT VOLUME


The trading volume is modest during the past 24 hours for #CGT.

Today's 24-hour trading volume across all exchanges for CACHE Gold is $17,223.


  CGT SUPPLY


The circulating supply of CGT is 78,923 coins, which is 0% of the maximum coin supply.

A highlight of CACHE Gold is it's exceptionally low supply of coins, as this tends to support higher prices due to supply and demand in the market.


  CGT BLOCKCHAIN


CGT is a token on the Ethereum blockchain.


  CGT EXCHANGES


CGT has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 1 crypto exchange.

View #CGT trading pairs and crypto exchanges that currently support #CGT purchase.


  CGT RELATED


Note that there are multiple coins that share the code #CGT, and you can view them on our CGT disambiguation page.


  CGT RESOURCES


Websitecache.gold
Twittercache_gold
TelegramCACHEGold
Mediumcache-gold


  CGT DEVELOPER NEWS



CACHE is Attending Chainlink SmartCon 2022

We’re excited to announce that CACHE will be attending SmartCon 2022 in New York City, taking place on September 28 and 29. Join us on Thursday, September 29 at 14:25 on the Aristotle stage where we will participate in a Roundtable discussion on Chainlink’s Proof of Reserve technology and how we leverage it to tokenize physical gold. SmartCon 2022 is the must-attend Web3 experience of the year. A full week of learning from industry luminaries, building alongside the best developers in the space, and connecting with fellow community members from across the globe. SmartCon 2022 is for those who get what Web3 is really about, and those who want to learn. Learn more or register here for the event: smartcon.chain.link CACHE is Attending Chainlink SmartCon 2022 was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold and the Ethereum Merge to Proof of Stake (PoS): What You Need to Know

The Ethereum Merge to Proof of Stake (PoS) is currently expected to happen at approximately 04:30 UTC on September 15, 2022. You can find a current estimate of the exact merge time here: 797.io Please be advised that CACHE will be fully supporting the Ethereum Merge to Proof of Stake and the CACHE Gold token ($CGT) will only be supported on the PoS chain post merge. We recommend that you avoid making transactions after 23:00 UTC on September 14 until the merge is complete and to follow the Ethereum project for updates. If you have any questions, please reach out to CACHE Support.




How to Audit CACHE Gold (CGT) in Less Than 5 Minutes Using Public, On-Chain Data

How to Audit CACHE Gold Auditing CACHE Gold (CGT) requires nothing more than a web browser, an Internet connection and basic math skills. Using only publicly available, on-chain data, it takes less 5 minutes to verify that each and every CGT is backed by one gram of pure physical gold. Step 1: Check the total CACHE Locked Gold on the CACHE Gold Explorer and verify it against against the CACHE Gold Chainlink Proof of Reserve by clicking on the Chainlink icon. At the time of writing, total CACHE Locked Gold equals 78,923.20 grams.The CACHE Gold ExplorerCACHE Gold’s Chainlink Proof of Reserve Data Feed Step 2: Check total CGT outstanding on Etherscan. At the time of rwriting this equals 100,771.01 CGT.Total CGT Outstanding on Etherscan Step 3: Check the amount of CGT in the CACHE Gold Unbacked Treasury on Etherscan. At the time of writing this equal 21,847.81.CACHE Gold Unbacked Treasury on Etherscan Step 4: Calculate the CACHE Gold Circulating Supply. Subtract the CACHE Gold Unbacked Treasury balance from the total CACHE Gold Outstanding. Total CGT Outstanding — Unbacked Treasury = CACHE Gold Circulating Supply 100,771.01 – 21,847.81 = 78,923.20 Step 5: Verify that the CACHE Gold Circulating Supply is less than or equal to total amount of CACHE Locked Gold. CACHE Gold Circulating Supply ≤ CACHE Locked Gold? Is 78,923.20 CGT ≤ 78,923.20 grams? Yes! Congratulations, in less than 5 minutes you just audited CACHE Gold using only real-time, publicly available, on-chain data and verified that each and every token in circulation is fully backed by one gram of pure physical gold in less than 5 minutes. CACHE Gold also provides full on-chain transparency over redemptions through the public, dedicated CACHE Gold Redeem Address. You can easily verify that an equivalent number of CGT to each redeemed bar’s pure gold weight is removed from circulation and locked in the CACHE Gold Unbacked Treasury. Tokens cannot be transferred from the unbacked treasury until more gold is locked to back the tokens. New tokens are only minted when the Unbacked Treasury is empty. To date, CACHE Gold has redeemed more than 107 kilograms of pure physical gold worth more than $6M USD at current market prices. Learn More How CACHE Gold Uses Chainlink Proof of Reserve CACHE Gold’s Supply and Audits How to Redeem CACHE Gold CACHE Gold Smart Contract Audit Follow CACHE Gold on Twitter, LinkedIn and Telegram How to Audit CACHE Gold (CGT) in Less Than 5 Minutes Using Public, On-Chain Data was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold will be presenting at World Blockchain Summit Singapore 2022

edium.com We are pleased to announce that CACHE is a gold sponsor for the World Blockchain Summit (WBS) 2022 in Singapore. The WBS is a global series of elite gatherings that take place in 16 destinations around the world. The WBS connects global blockchain gurus and technology providers including emerging startups with regional businesses, government authorities, IT leaders, entrepreneurs, investors and developers. The summit features enterprise use-cases, government use-cases, inspirational keynote speakers, panel discussions, tech talks, startup pitch competitions as well as a host of networking opportunities.  — @TresconWBS CACHE Gold (CGT) combines the unique qualities of gold with the benefits of a modern digital asset. It is the only gold token that provides real-time asset tracking with GramChain technology. CACHE Gold token holders hold 100% pure physical gold on their mobile phones or other cryptocurrency wallets. CGT tokens are redeemable physical gold in many locations around the world. Holders of physical gold can also convert their holdings into CGT by depositing their physical gold in one of CACHE’s many vaults around the world. CACHE will have several team members on hand throughout the event to answer questions about CGT and investing in digital physical gold. We are also happy to announce that CACHE co-founder Gregor Gregersen will be speaking at WBS Singapore 2022. Gregor will address current issues such as inflation and other problems in the global financial system and how investing in precious metals can improve portfolio diversification as well as provide long term wealth protection. Gregor’s presentation will also cover the positioning of CACHE within the ecosystem of The Reserve, Silver Bullion and GramChain.  — @TresconWBS Gregor is also currently building the largest precious metal storage facility in the world in Singapore, The Reserve. medium.com If you are interested in precious metals and cryptocurrencies you should not miss the opportunity to meet with us at WBS. We look forward to meeting with you in Singapore at the World Blockchain Summit 2022 on July 14th and 15th. CACHE Gold will be presenting at World Blockchain Summit Singapore 2022 was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold is Now Leveraging Chainlink Proof of Reserve (PoR) and GramChain to Monitor CGT’s Gold…

CACHE Gold is Now Leveraging Chainlink Proof of Reserve (PoR) and GramChain to Monitor CGT’s Gold Backing CACHE Gold is pleased to announce that we now have a Chainlink Proof of Reserve (PoR) feed on Ethereum mainnet to monitor the locked gold currently backing the CACHE Gold token (CGT). This will facilitate an automated workflow for updating our current reserves on-chain based on changes reported by GramChain. The Chainlink PoR feed supports the ability to mint new tokens based upon the quantity of off-chain reserves. Chainlink, which powers the PoR data feed, is the most time-tested and historically reliable oracle network in the blockchain industry, already securing tens of billions of dollars for top DeFi projects. Thanks to our Chainlink PoR implementation, CGT becomes an even more trusted asset within the Ethereum DeFi ecosystem, as users have additional proof of its 1-to-1 collateralization. Additionally, CACHE Gold is leveraging the XAU/USD Chainlink Price Feed to ensure our tokenized gold product is secured by reliable, high-quality, tamper-proof data that reflects real-world market prices for gold. Developers can leverage the XAU/USD Chainlink Price Feed and our Chainlink Proof of Reserve Oracle to price CGT on-chain with full assurance that it’s fully backed by physical gold off-chain. Managing Tokenized Gold With CACHE Gold and Chainlink CACHE Gold Token (CGT) is a fully backed, redeemable, and regulated tokenized gold asset, where one CGT represents one pure gram of gold stored in vaults around the world. The circulating supply of CGT is kept synchronized with the underlying physical gold supply of CACHE using an interface called the CACHE Token Governor. The CACHE Token Governor ensures that the number of tokens in circulation never exceeds the amount of physical gold locked, and is tracked by asset tracking platform GramChain. The CACHE Token Governor now reads from the Chainlink Proof of Reserve oracle, which references the outstanding real-world supply of CACHE’s gold reserves. Chainlink PoR will now monitor CACHE’s gold bullion inventory as reported by the GramChain API. If there is a change in physical gold reserves reported by GramChain beyond a certain threshold, Chainlink oracles will relay the change on-chain to update the CACHE Gold Proof of Reserve smart contract. We sought a decentralized, automated audit solution to consistently ensure that the circulating supply of digital tokens reflects the supply of physical gold in reserves without any manual input or potential tampering in the transmission of data on-chain. Some of the benefits of outsourcing this task to Chainlink compared to other solutions include:Automated On-Chain Audits — By keeping an up-to-date reference contract, smart contracts can get automated, on-chain verification of an asset’s collateralization, removing the need to conduct manual audits.High-Quality Data — Through the use of customizable External Adapters, Chainlink can source data from premium data providers who are financially incentivized to provide highly accurate and available data.Decentralized — Chainlink Proof of Reserve Feeds are decentralized at the data source and oracle node level, eliminating central points of failure in the sourcing and delivery of external data to CACHE Gold.Transparent — Chainlink Proof of Reserve Feeds can be monitored by anyone in real-time, allowing users to verify the current collateralization of assets. “Chainlink Proof of Reserve is a highly reliable, low-cost, automated audit solution that brings increased transparency and trust to our platform,“ stated Brian Hankey, Co-founder of CACHE Gold. “With our platform now Chailinked, users can have more confidence that the supply of CGT is backed by physical gold stored in vaults, ultimately making it a more reliable gold-backed asset.” About Chainlink Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. About CACHE Gold Website: https://cache.gold/ Medium: https://medium.com/cache-gold Twitter: https://twitter.com/cache_gold YouTube: https://www.youtube.com/c/CACHEGold GitHub: https://github.com/cache-token Chainlink Proof of Reserve: https://data.chain.link/ethereum/mainnet/reserves/cachegold-por-usd CACHE Gold is Now Leveraging Chainlink Proof of Reserve (PoR) and GramChain to Monitor CGT’s Gold… was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold (CGT) Fee Changes

Due to changing market conditions the CACHE Gold (CGT) redemption fee will be increased from 15 basis points (0.15%) to 50 basis points (0.50%). The reason for this change is increasing demand for physical gold and increasing premiums on physical gold. The 10 basis point (0.10%) transfer fee will be waived until January 1, 2023. These changes will take place on March 9, 2022 at 18:00 SGT. CACHE Gold (CGT) Fee Changes was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold Using Chainlink Keepers to Automate Updates of Reserves On-Chain

CACHE Gold is pleased to announce that we have integrated Chainlink Keepers on Ethereum mainnet to monitor deposits and redemptions of physical gold in our reserves and to trustlessly relay that data on-chain to update our Locked Gold Oracle. This will create an automated workflow for updating our current reserves on-chain based on changes in data reported by GramChain. Chainlink Keepers is a decentralized service that uses secure, low-cost off-chain computation to automate on-chain functions for smart contracts based on external events. We selected Chainlink Keepers because it’s a time-tested decentralized network made up of the same professional DevOps teams that run the infrastructure for Chainlink Price Feeds, which already secures tens of billions of value in the blockchain ecosystem. Additionally, CACHE Gold is leveraging the XAU/USD Chainlink Price Feed to ensure our tokenized gold product is secured by reliable, high-quality, tamper-proof data that reflects real-world market prices for gold. Developers can leverage Chainlink’s XAU/USD Price Feed and our Locked Gold Oracle to price CGT on-chain with higher assurances it’s fully backed by physical gold off-chain. Managing Tokenized Gold With CACHE Gold and Chainlink Keepers CACHE Gold Token (CGT) is a fully backed, redeemable, and regulated tokenized gold asset, where one CGT represents one pure gram of gold stored in vaults around the world. The circulating supply of CGT is kept synchronized with the underlying physical gold supply of CACHE using an interface called the CACHE Token Governor. The CACHE Token Governor ensures that the number of tokens in circulation never exceeds the amount of physical gold locked, and is tracked by asset tracking platform GramChain. The CACHE Token Governor manages a smart contract called the Locked Gold Oracle, which stores the outstanding real-world supply of CACHE’s gold reserves. Chainlink Keepers will now monitor CACHE’s gold bullion inventory as reported by the GramChain API. If there is a change in physical gold reserves reported by GramChain beyond a certain threshold, Chainlink Keepers will relay the change on-chain to update the Locked Gold Oracle smart contract. We sought a decentralized automation solution to consistently ensure that the circulating supply of digital tokens reflects the supply of physical gold in reserves without any manual input or potential tampering in the transmission of data on-chain. Some of the benefits of outsourcing this task to Chainlink Keepers compared to other solutions include:High Uptime — Chainlink Keepers are run by the same professional DevOps teams that have an established on-chain performance history of providing high reliability to Chainlink Price Feeds during extreme network congestion and market volatility.Low Costs — Chainlink Keepers have several gas-optimizing features that lower the costs of automating maintenance tasks for users, including a rotating node selection process to prevent gas price auction wars and stabilize costs.Decentralized Execution — Chainlink leverages a decentralized and transparent pool of Keepers to provide strong guarantees around secure contract automation, saving teams time and mitigating the risks around manual interventions or centralized servers.Expandable Computation — Chainlink Keepers perform off-chain computations and generate calldata verifiable by smart contracts, allowing developers to build advanced, trust-minimized dApps at lower costs. “Chainlink Keepers are a highly reliable, low-cost, and verifiable automation solution that bring increased transparency and trust to our platform,“ stated Brian Hankey, Co-founder of CACHE Gold. “By Chainlinking our platform, users can have more confidence that the supply of CGT is backed by physical gold stored in vaults, ultimately making it a more reliable gold-backed asset.” About Chainlink Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries. Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link and subscribe to the Chainlink newsletter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper. Want to discuss an integration? Talk to an expert. Solutions | Docs | Twitter | Discord | Reddit | YouTube | Telegram | GitHub About CACHE Gold Website: https://cache.gold/ Medium: https://medium.com/cache-gold Twitter: https://twitter.com/cache_gold YouTube: https://www.youtube.com/c/CACHEGold GitHub: https://github.com/cache-token CACHE Gold Using Chainlink Keepers to Automate Updates of Reserves On-Chain was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




CACHE Gold Token certified Shariah Compliant

Fintech CACHE receives Shariah certification for its CACHE Gold Token (CGT). The Fatwa was issued by Shariah Experts on the 6th of July 2021. It was determined that the CACHE Gold Token is a Shariah-compliant ERC20 token and observes all the necessary Shariah requirements and principles. CACHE issued its Gold token in July of 2020, an ERC20 token representing one gram of pure gold on blockchain. The investment grade physical gold is locked in partner vaults around the world, currently with vaults in Singapore, Zurich and Dallas. Each bar of gold is publicly auditable using the company’s proprietary explorer: https://explorer.cache.gold/. Each token is also redeemable and any time from any of the vaults CACHE works with. Shariah Experts provided their expertise for Shariah compliance for the CACHE Gold Token, and will continue to work closely with CACHE to ensure current and future products remain Shariah compliant. Shariah compliance makes CACHE’s products available to the Muslim world, and fundamentally aligns with CACHE’s views on financial products. CACHE is the brainchild of Gregor Gregersen, the founder of Silver Bullion and The Reserve (a 15,000-ton capacity vault in Singapore, and Brian Hankey, the CTO of Singapore’s largest cryptocurrency ATM operator. Being founded by existing bullion vault operators has given CACHE an advantage, by understanding the intricacies of physical bullion management, each gold token is essentially and fungible and fractional vault receipt. Blockchain has the potential to change the financial landscape as we know it; offering trustless systems, confidence for all parties in transactions, transparent pricing and 24/7 audibility of assets. CACHE uses blockchain technology to offer the most secure and transparent system in the otherwise often opaque physical gold industry. CACHE uses blockchain to enable customers to access a gold product typically out of reach: vaulted gold. Where storage fees and minimum order sizes can quickly alienate smaller investors, CACHE facilitates purchases as small as 0.00000001 grams and a storage fee of 0.25% p.a. processed on-chain through smart contracts. We want to empower our users, and enable access to physical precious metals like never before. Link to Shariah Certification CACHE Gold Token certified Shariah Compliant was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




Singapore blockchain tech startup CACHE raising funds at $17M valuation to bring the world’s oldest…

Singapore blockchain tech startup CACHE raising funds at $17M valuation to bring the world’s oldest money into the digital future CACHE is on a mission to create and sustain reliable and trustworthy precious metal asset backed token products tradable on cryptocurrency exchanges. Founded in 2018 by the industry veterans behind Singapore’s largest precious metal dealer, Silver Bullion, the company’s first product, the CACHE Gold Token (CGT) launched in June 2020 and has been adopted to become one of the world’s most liquid gold backed tokens on a growing list of exchanges, boasting a trading volume of up to $70M per month. Today it receives a strong vote of confidence in its technology and its operations, in the form of additional funding from Canada’s most active resource financier: Palisades Gold. Bringing precious metals such as gold with its $12 trillion USD global volume onto the blockchain can unlock real value to businesses and investors seeking safety in uncertain economic times. It combines the amazing and unique properties of physical gold with the many benefits of public blockchains, such as the ease of transfer, almost instant transaction settlement and full transparency, all while offering lower costs than traditional ETFs. CACHE uses its GramChain asset tracking system to provide real-time tracking data for the gold that is backing its token, providing vault location, purity, manufacturer and even photos of the gold bars. The challenges faced by digital representations of valuable physical assets such as gold are three-fold: 1. Creating confidence with reliable, transparent and easily auditable systems that track the physical asset movements, 2. Managing secure pathways to transfer-in, authenticate and redeem the underlying assets in key locations, and; 3. Supporting markets around the world with sufficient liquidity. With no other token tracking the spot price of gold as closely as CGT (even during the choppy crypto markets in May this year), CACHE has proven itself a true industry leader in this space. “Now we’re scaling up.” says Gregor Gregerson, founder and CEO of CACHE. “Collin Kettell and his team at Palisades Gold have decades of experience and an unparalleled network in the precious metal world and will be meaningful partners establishing CACHE as the gold marketplace of the future.” CACHE also has a silver token in the works. Singapore blockchain tech startup CACHE raising funds at $17M valuation to bring the world’s oldest… was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




BTC… Trump… Biden… Covid… What about Gold?

For most people during 2020, it was easy to forget about gold… but for those who were paying attention, gold is up +28% vs the US dollar YTD. Those new to precious metals may also be surprised to find out that gold investors from the early 2000s were able to enjoy 632% gains vs the US dollar. Throughout history, gold has been used as a hedge against rising inflation rates and as a “crisis commodity,” which means the price is expected to rise in times of global instability. Bitcoin supporters often echo the same sentiments about their chosen asset. Even though gold and Bitcoin share similar properties for investors, the majority of the crypto world only feel comfortable using fiat-backed cryptocurrencies as opposed to gold-backed cryptocurrencies. Despite the fact that over the past 100 years gold has gained an average of 4.2% per year against the US dollar while at the same time the US dollar has lost an average -3.2% in purchasing power per year, the use of Tether ($USDT) by the crypto community has the project standing at close to a $17 billion dollar market cap.Source: CoinMarketCap.comRight now, there is no clear leader in precious metal-backed cryptocurrencies. Ultimately, we feel this boils down to trust. A US dollar bank account should be far easier to audit than a precious-metals vault but as of today, nobody has been able to successfully audit Tether. In a CoinDesk article from last year, Tether’s own lawyers are only able to claim 74% backing. Here at CACHE, we have set out to create a best-in-class, gold-backed token called CACHE Gold ($CGT). While there are other significant projects such as PAX Gold (PAXG) and Tether Gold (XAUT) with similar ambitions, we believe that CACHE Gold is the safest, most transparent, and easiest to redeem among all gold-backed tokens.Source: CoinMarketCap.com3 ways CACHE Gold is designed to lead the digital-gold movement: 1 : Each $CGT token is 100% backed by 1 gram of pure, investment-grade, physical gold (and we can really prove it). Research by the CACHE Gold team has discovered discrepancies in the transparency data provided by both PAX Gold and Tether Gold. CACHE Gold tokens avoid transparency issues as the CACHE Explorer is powered by the GramChain asset tracking system, which features notable improvements over existing asset tracking solutions.Source: https://explorer.cache.gold/ — Learn more in our Youtube video “Why CACHE Gold (CGT) Can Be Trusted” Through the CACHE Explorer, anyone can audit the supply of physical gold backing CACHE Gold. The CACHE Explorer provides details on each and every bar, including vault, vault location, refiner, purity, weight, serial number, photograph, and deposit documents. We believe all gold is not created equal when it comes to liquidity, taxation, and compliance. GramChain strictly enforces that all gold tracked with GramChain meets strict quality and provenance standards. To ensure $CGT is always 100% backed by real investment-grade gold, tracking data is provided by vault personnel, not the CACHE team. Tamper evident parcels with RFID tags are used and immutable event logs are written to the Ethereum blockchain in real-time that provides anyone the ability to become an auditor and to gain peace of mind knowing their gold is safe. New $CGT tokens cannot be minted until the underlying gold has already been deposited and verified at the vault and scanned-in using GramChain scanners.GramChain Asset tracking process. Source: https://www.gramchain.net/ — Learn more about GramChain on Youtube 2 : CACHE charges a 0.25% storage fee vs 0% for USDT. This is a good thing, let us explain why. As mentioned earlier, The US dollar is a depreciating asset, losing on average 3.2% of its purchasing power every year. So while many stablecoins do not charge anything, users are left with an average annual loss of 3.2% in purchasing power while gold gains an average of 4.2% (3.95% net of storage fees) against the US dollar every year. $CGT tokens charge approximately half the fees of a typical gold ETF. Many gold-backed tokens do not charge storage fees and primarily rely on transaction fees. At CACHE, we believe this to be an unsustainable business model in the long-run due to operating costs and insurance. CACHE assets are stored exclusively in well-known, reputable, insured vaults. The storage providers CACHE currently partners with are listed below:Brink’s (NYSE:BCO) — GlobalDillon Gage IDS — TexasLoomis (OMX:LOOMB:SS)- GlobalThe Safe House — SingaporeSource: CACHE Gold storage partner, The Safe House SG Pte Ltd. The Safe House is an ISO 9001 certified, 10,000 square foot, state of the art vault which can hold over 600 metric tons of silver and 30 tons of gold and platinum. 3 : $CGT provides the best advantages of digital assets and physical gold. CACHE Gold trades very close to the price of gold, which makes $CGT more competitively priced than virtually all other options for purchasing physical gold. CACHE Gold is also redeemable for USD in over 170 countries. $CGT is ERC-20 compatible and supported by major hardware and software wallets such as Ledger, Trezor, MetaMask, TrustWallet, Argent, and many others. Users are able to purchase and trade $CGT at the following centralized and decentralized exchanges.Bithumb Global — An international cryptocurrency exchange founded in May 2019. Bithumb Global has grown quickly, with up to $100M in trading activity on a daily basis.Bittrex Global — Built on Bittrex’s cutting-edge technology, Bittrex Global provides an institutional grade experience for professional and novice customers alike. The Company is headquartered near the financial center of Zurich, in the Principality of Liechtenstein.Uniswap — An extremely liquid, decentralized exchange. $CGT currently boasts more liquidity than any other gold-backed token on Uniswap, and at over $1.3 million USD (at the time of writing) is nearly 3x the next closest gold-token competitor. This places CGT in the top 100 most liquid tokens on Uniswap (#62 at the time of writing).Website: https://cache.gold/ Want to learn more about gold and $CGT? Follow us online here: Uniswap Telegram Twitter Facebook Medium GitHub Youtube BTC… Trump… Biden… Covid… 🎢 What about Gold? was originally published in CACHE Gold on Medium, where people are continuing the conversation by highlighting and responding to this story.




  CGT NEWS


Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes

    The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake 'Beacon Chain' merging with the current Proof of Work Ethereum chain. While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur. So what's happening, and what do you need to know? Crypto tax calculator Koinly is here to explain. What is the Ethereum Merge? The ultimate result of the Ethereum Merge will be the transition from Proof of Work (PoW) to Proof of Stake (PoS) as the consensus mechanism for the Ethereum blockchain. Ethereum developers have flagged this move for years, with work initially beginning as far back as 2016. The current estimate is for the Merge to occur between September 13th and 15th, but it will ultimately depend on the Terminal Total Difficulty (TTD) of Ethereum. Currently, this appears to be around a block height of 15,540,293. The final upgrade to Ethereum clients (known as the Bellatrix upgrade) occurred on September 6th, with approximately 74% of Ethereum nodes 'Merge ready'. The Ethereum Foundation has stated that by moving to PoS, the blockchain will reduce its energy consumption by approximately 99.95% –... read More



Crypto Losses? Koinly Reveals 5 Tax Hacks You Need Now

    PRESS RELEASE. With crypto markets down around 50% in the past month and over 70% from their highs in late 2021, many crypto investors are searching for answers after their profits from the last few years have evaporated into the ether. Following the incredible bull market, crypto investors enjoyed over 2020 and 2021; you may now find yourself nursing losses rather than gains ahead of the upcoming tax season. Crypto tax platform Koinly shares 5 little-known tax hacks you need to know after the crypto crash. 1. Pay less tax by holding Want to avoid paying tax on crypto? While you can't dodge your tax obligations entirely – there are quite a few ways you can optimize your tax position. But here's the catch, you'll need to do it before the end of the financial year to pay less tax overall. You've probably heard it before, but the easiest way to pay less crypto tax is to simply HODL. In many jurisdictions, holding your crypto investment (or other assets like shares) for longer than one year qualifies any gains as long-term capital gains. Depending on where you live, any crypto sold 12 months after purchasing is: Tax-free in Germany Discounts capital gains tax by 50% in Australia Taxed at lower tax rates of 0%, 15% or 20% in the US, depending on individual income over the year 2. Tax-free gains Tax-free thresholds on your capital gains can help you automatically owe less tax. In the UK, individuals have a CGT allowance of up to £12,300 before paying tax. Germany has ... read More



UK Regulator Bans Floki Inu Ad for Being Irresponsible, Exploiting Inves...

    The U.K.'s advertising authority has banned an ad for cryptocurrency floki inu (FLOKI). The authority says the ad's 'Missed Doge? Get Floki' claim 'exploited consumers' fears of missing out and trivialized investment in cryptocurrency.' The ad was also 'irresponsible' and 'took advantage of consumers' inexperience or credulity,' the regulator said.Floki Ad Banned in the UK The Advertising Standards Authority (ASA), the U.K.'s regulator of advertising, published its 'Ruling on Floki Inu' Wednesday. The advertising authority began investigating an ad campaign for floki inu (FLOKI), the cryptocurrency inspired by Elon Musk's shiba inu dog, in November last year after the Floki ad was seen on public transport in London. The ad contains a floki inu logo and text that says, 'Missed Doge? Get Floki.' It also contains smaller text at the bottom that reads, 'Your investment may go down as well as up in value. Cryptocurrency is not regulated in the UK.' After investigation, the ASA ruled: The use of an image of a cartoon dog wearing a Viking helmet and the claim 'Missed Doge. Get Floki,' exploited consumers' fears of missing out and trivialized investment in cryptocurrency. In addition, the advertising watchdog ruled that 'the ad was irresponsible' and 'took advantage of consumers' inexperience or credulity.' The ASA explained that it has told the team behind the floki inu cryptocurrency 'to ensure that they did not irresponsibly exploit consumer's fear of missing out and trivialize ... read More



More CACHE Gold (#CGT) News

CGT vs EOS | A-Z | Topics | ISO 20022


Privacy | Terms | Contact | Powered By LiveCoinWatch


bidya