Is there any successful precious metal crypto?

[RabbiTANK]

I have come across one metal coin project that was in 2017 but I don't think it's existing anymore. The challenge is that it dosent work after a while and then the project will die little by little. It's a truth that needs to be told. Somethings won't work using the blockchain untill there is massive adoption.

Even if there is massive adoption I still find it hard to believe that gold companies will want to use blockchain because they have no use for it, think this very well, tokens that are backed by real gold sounds too good to be true

[AmoreJaz]

Is there any successful precious metal crypto and traded?

OP, as said by: @coinfinger, 'precious metal crypto' for now that is very successful is the PAX Gold (PAXG) coin.

A little summary:

PAX Gold (PAXG) is a digital asset where one token is backed by one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s gold vaults. Anyone who owns PAXG owns the underlying physical gold, held in custody by Paxos Trust Company.

Currently PAXG coins are traded [15] trading exchanges around the world, with prices currently still at the level: $ 1,781.10 USD / coin, this is the most successful precious metal crypto currently on the market.

i have seen this digital gold still doing good in the market - https://bitcointalk.org/index.php?topic=5161544.0

but tbh, i really dont believe in these precious metal-backed crypto project. if you really do want to own this precious metal, better buy it in physical form, small quantities is better than unreliable token. at least you know you have the actual ownership. this tokenized precious metal, you have no way of owning the real one. and worst they can disappear anytime so your precious token may turn to worthless one

[imstillthebest]

i have seen this digital gold still doing good in the market - https://bitcointalk.org/index.php?topic=5161544.0

but tbh, i really dont believe in these precious metal-backed crypto project.

yeah same i dont believe on them either , not by thier potential but for saying that they are back by a real metal  . i usually automaticaly see them as a sh8t coin .

if you really do want to own this precious metal, better buy it in physical form, small quantities is better than unreliable token. at least you know you have the actual ownership. this tokenized precious metal, you have no way of owning the real one. and worst they can disappear anytime so your precious token may turn to worthless one

real assets are always uncomparable compare to digital ones  .  this digitallized metals cryptos are only good for fun or for stimulating a real one , if you dont have them yet  .  there are popular but i dont know if those were already succesful   .

[Rowenta]

Since the beginning of cryptocurrency we have  seen many precious metal crypto project. With my little knowledge i don't know any successful one. All precious metal crypto projects disappeared after funding phase. Is there any successful precious metal crypto and traded?

PAX Gold is the only gold backed token that works very well, others are complete waste of time and money, if you see any do not trust that easily because it can be base of lies, the real truth is scammers find it easy to use this use case to deceive investors and since it's all about gold investors won't want to miss out

[Bezobraznike]

Even if there is massive adoption I still find it hard to believe that gold companies will want to use blockchain because they have no use for it, think this very well, tokens that are backed by real gold sounds too good to be true

Everything is still possible to happen, although you find it hard to believe that gold companies will not support the blockchain, but they can change the mainset to support the blockchain by considering things that they think can benefit themselves.

   Davian144 I agree that anything is possible to happen, but for now there isn't strong crypto-project connected with precious
metals. I participated in CEDEX bounty 2 years ago, good bounty and good idea to connect diamond market and crypto-market,
but big dreams didn't help this project to make something. They are still alive but their price dropped a lot!