Is your token considered a share or internal currency?
Hi, I do understand your question.Let me explain!
Basically Puregold offers two digital tokens, PGT and PGG, running on two separate ledgers. PGG works through a digitized cryptoasset whose cryptocurrency value is based on physical gold.
• PGT can be used to pay or offset transaction fees whenever the token holders perform any transactions on the Gold Commerce platform. These transactions could be buying of gold with fiat, selling of gold or making payments to merchants. It is intended that holders of PGT will benefit by being charged just 50% of the prevailing fees when PGT is used.
• From time to time, and at the discretion of the Puregold, PGT can be converted to PGG at a rate announced by Puregold at that point in time. It is expected that the retained earnings from Gold Commerce will increase the stockpile of gold held in storage which would increase the supply of PGG accordingly.
• From time to time, and on the discretion of the Puregold, PGT holders can also be rewarded with PGG by Puregold, in proportion to the amount of PGT they hold.
Other details include the following:
PGT tokens are static, meaning that their ownership does not entitle you to dividends or earnings’ income
PGG can be stored long-term in a special and secure storage with options of either converting the gold to fiat or to some form of cryptocurrency, such as BTC, ETH, Dash, etc
