Digital technology is the way of the future, and precious metals like gold, silver, and platinum are the catalyst of this. Since the beginning of time, these precious metals have frequently been used as money; yet, more recently, they have been held as assets of value. As blockchain pioneers shift to a world of digital assets, Golteum is at the forefront of tokenizing precious metals such as Gold to provide consumers with new services.
Even while the market for precious metals is sizable on its own, connecting it with cryptocurrencies removes one of the many obstacles preventing the growth of the sector, which is liquidity. Digital precious metals, like Gold, can be used for partial ownership, rapid transaction agreement, and even loan recourse. Furthermore, as their ownership and transaction records are documented on a decentralized database that is incapable of being changed or controlled, they offer greater accountability and safety when compared to actual precious metals.
Golteum is an emerging project that offers genuine value to investors through a ground-breaking invention, Web3 multi-assets trading platform, that is presently under construction. This is in contrast to the majority of cryptocurrency initiatives that grow solely on notional value.
Throughout its ecosystem, Golteum (GLTM) provides a wide variety of utilities to give owners of tokens and users value for their investment. This is made possible as Golteum wants to build a strong and healthy digital asset ecosystem using an original strategy.
Golteum’s use of a Proof-of-Reserve (PoR) resolution process is a crucial aspect of its utility model. Golteum’s PoR enables GLTM token owners to take part in network verification and safety, in contrast to the Proof of Work (POW) mechanism used by tokens such as Litecoin(LTC). Users can earn incentives while contributing to the security of the network by staking their tokens. Staking involves storing up GLTM tokens for a predetermined amount of time, giving users the chance to generate passive earnings while contributing to the Golteum ecosystem.
Further, as a way to ensure the safety of the platform and its users, Golteum employs the service of renowned Blockchain security company Certik to audit its smart contracts. Also, six members of the GLTM team have been doxxed and certified by Certik receiving the Certik Silver badge.
Yet another clearly defined approach used by the Golteum initiative is the use of some reward schemes to encourage engagement and active involvement inside its ecosystem. Users may receive rewards for actions like staking, providing liquidity, and actively participating in platform activities.
These perks may come in the form of fee reductions and bonuses like the 15% bonus currently available during the ongoing Golteum presale. Golteum fosters a lively and active community by rewarding users for their continued use of the site.
The platform has created a decentralized, sustainable mechanism for tokenizing real assets through a vast worldwide collection of precious metals producers. By keeping gold, silver, or platinum within an associated vault, authorized groups can make a tokenization request.
Once the owner and an independent auditor have verified possession and authenticity then new precious metals-backed digital assets can be minted for distribution throughout the decentralized Golteum ecosystem.
Because it relies on precious metals that are not affected by volatility within the market, the ecosystem is not susceptible to a single point of failure and as a result, this provides a higher level of security and consequently makes more sense to users.
Additionally, Chainlink’s Proof of Reserve is used to support Golteum’s precious metal reserve. Their self-sufficient, trustworthy, and secure system enables real-time monitoring of off-chain assets. All precious metal-backed NFTs are settled manually, allowing for continuous on-chain surveillance.
As a person looking to secure your long-term future, investing in tokenized illiquid assets should be the way to go. This is proved by estimates done by well-recognized consulting firms such as Boston Consulting Group (BCG) which has predicted the entire value of tokenized illiquid assets to reach $16.1 trillion by 2030. With Golteum developing a sustainable, decentralized method for tokenizing actual assets the future looks promising for holders and prospective buyers of the GLTM token.
The Golteum platform’s first presale was a private function where they offered 32.5 million tokens for $0.0074 per token, and it ended in just 48 hrs. Currently, the much-anticipated round 2 of the presale is live but this time they are offering 55 million tokens at the price of $0.012, a significant increase in price compared to round 1.
For more information about the GLTM Presale:
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