In the fast-growing digital asset space, Golteum is leading a transformation in precious metals through decentralised tokenization. As the world’s first NFT marketplace, fully backed by physical assets, Golteum enables everyday consumers to engage in the gold market through fractionalised NFT ownership. Users can buy, sell, and redeem NFTs, backed by tangible gold bars.
With Golteum’s new technology, crypto, NFTs, and gold trading are all managed in one easy-to-navigate environment. Assuring ease of use and smooth investments, the platform keeps your holdings easily and happily manageable. Let’s take a closer look at Golteum tokens.
What are Golteum tokens?
GLTM is Golteum’s utility token. As Golteum grows, the goal is to expand its functionality. Golteum is an innovator that brings together the convenience of crypto trading and the stability of precious metals, to create a new unique Web3 space of precious metals and crypto trading.
The platform can even tokenize precious metals, making it easier for users to invest much-scrutinised assets like gold and silver (and other precious metals), while assuring them with physical asset security in third-party vaults and the option to verify those reserves, which the company touts using real-time Proof-of-Reserve (PoR). Chainlink also supplies Golteum with price feeds for its tokenized metals using its Oracle network. Users can stake, lend, and borrow through Golteum, earning extra yield by leveraging liquidity in the crypto economy.
The value proposition of Golteum tokens
Gold is famous for its stability, and, thus, has long been used as a haven for storing wealth, as well as a reliable store of value in times of economic turbulence. A gold-backed NFT will, therefore, be an investment with a high probability of capital appreciation: gold remains a popular form of investment, especially as a hedge against recession, and this is, perhaps, something that many NFT fans became aware of in 2022.
Golteum is challenging the future of gold as we know it, delivering Web3 access to the world’s oldest reserve asset with the first truly asset-backed NFT marketplace.
Another reason the GLTM is also generating buzz in the crypto world is because of its partnership with leading tech partners such as Fireblocks. This collaboration ensures top-tier security for user tokens and digital assets, while providing institutional-grade custody services to safeguard Golteum’s reserves.
Golteum technology
Golteum’s tokenization process is built on a strong global network of precious metal suppliers. Accredited entities can request the tokenization of gold, silver, or platinum by securely storing these metals in connected vaults. Before NFTs backed by these precious metals are minted, custodians and external auditors verify provenance and proof of ownership. This decentralised system ensures that Golteum has no control over the underlying assets, providing customers with confidence and security.
Golteum integrates with the Ethereum network using its smart contracts and runs on it. In a bid for transparency, it relies on Chainlink’s PoR. It takes advantage of its decentralised oracles that verify, accurately, any on-chain asset backing off-chain or cross-chain assets. Chainlink’s PoR guarantees that GLTM users are protected from fraudulent activities and fractional reserve practices by off-chain administrators. The feature provides real-time digital audits, offering a higher level of transparency and accountability, compared to relying on traditional paper guarantees.
These advanced transparency measures have contributed to strong results during GLTM’s initial presale, where 32,500,000 tokens were offered at $0.0074 each. The presale sold out in just 48 hours, reflecting the growing confidence in Golteum’s multi-asset Web3 platform.
Use cases
One of Golteum’s core strengths is its focus on tokenizing precious metals, turning them into real-world assets on the blockchain. Unlike traditional gold investments, which are often limited to their intrinsic value, Golteum’s tokenized metals unlock a wide range of possibilities. Users can leverage these assets within the Golteum ecosystem for decentralised finance (DeFi) rewards, staking, lending, and access to an exclusive wealth club.
Golteum’s tokenized precious metals offer more than just physical ownership. With blockchain enabling fractional ownership, these tokenized assets can be used for swift transaction settlements, as collateral for loans, and to democratise investment by lowering the high-cost barriers often seen in traditional precious metal trading. This makes it easier for everyday investors to participate.
By introducing these innovative applications for tokenized metals, Golteum is reshaping the traditional precious metal market and leading the charge into this exciting new era.
Benefits and Challenges
Benefits
- Golteum is a decentralised multi-asset Web3 platform, with an ecosystem that enables frictionless tokenization and trading for precious metals, which gives it a competitive edge.
- By eliminating centralisation, Golteum empowers users with full control over their assets.
- Its vigilance against fraud and tampering is afforded by the fact that it is built on the blockchain using Chainlink’s PoR technology.
- Golteum enables the fractional representation of high-quality assets, lowering the threshold for participation in the expanding crypto market.
Challenges
- Regulatory Compliance
The regulation of asset-backed tokens, especially those correlated with commodities such as gold, is different in every nation. Anti-money laundering (AML) and know-your-customer (KYC) compliance complicate things.
- Liquidity Issues
For Golteum tokens to be truly liquid, there needs to be significant market adoption and integration into exchanges. Achieving this requires partnerships with exchanges, and ensuring buyers and sellers are continuously available.
- Technology Integration
The blockchain itself should be capable of processing large transactions at a time. Low transaction fees, processing time, or blockchain network congestion can discourage consumers.
Future Outlook
How the Golteum token ecosystem develops depends chiefly on how well it can address three trends: blockchain technology itself, tokenization of assets, and, ultimately, the commodity market. A wider trend is a move to tokenize real-world assets—something we’ve already seen with precious metals but is also happening to other categories of commodities. Should the market for tokenized assets continue to increase, then Golteum is poised to participate in this shift.
Golteum could also integrate, more deeply, with the DeFi ecosystem, offering use cases with additional potential for its gold-backed token. Golteum tokens could be used as a means of collateral in DeFi lending and borrowing protocols. This would give gold tokens liquidity and utility beyond simple holding and storage. Secondly, times of general economic uncertainty or inflation tend to increase the attractiveness of gold as a store of value. If the wider global economy continues to experience uncertainty, this could further stimulate demand for gold-backed tokens.
The more the Golteum ecosystem develops, the greater the utility GLTM will have to offer. Future plans can involve expansion into different digital sectors, such as limited-edition digital collectibles and metaverse assets.
Conclusion
Golteum is a blockchain-powered platform for investing in precious metals. With Golteum tokenized assets, gold, silver, and platinum can be owned easily across the globe, and regular investors can have access to an asset class of real-world, tangible value with unique characteristics and specific benefits, but with utility, liquidity, and that extra return of blockchain. Golteum comes with enhanced tech, improved security features, and a selection of strategic partnerships, which should guarantee its hold on the expanding crypto investment market.
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