Universal Gold now available on Uphold!

[UpholdInc]

Introducing Universal Gold (UPXAU), the only form of gold that is:

✔️ Free to hold (no storage fee)
✔️ Government backed
✔️ No minimum to buy
✔️ Spendable on a debit card

Trade gold-backed assets with total peace of mind on the Uphold app: https://uphold.com/en-us/

[pompatore]

https://www.coingecko.com/it/monete/universal-gold
government insured gold
this is probably the safest stable coin


cool  

[NeuroticFish]

Is this meant to be an ANN?
Is this for a token?
Is there any proof that you guys hold anything to back the value of the token?
Is there any proof for the claims that it's government backed?

I mean that what I see for now means for me absolutely zero credibility.
Anyone can make a token and listing it here or there is not hard either. Trust, on the other hand, must be built...

[LeGaulois]

Is this for a token?

It's an ERC-20 token and 1 token = 1 troy oz. The issuer is a coalition of cryptocurrency companies (Universal Protocol Alliance)

Is there any proof that you guys hold anything to back the value of the token?

A token is collateralized by a certificate from Infinigold (an Australian Fintech startup into the digitalization of gold and precious metal). It's then published on the blockchain and audited by Certik

Is there any proof for the claims that it's government backed?

The physical gold is at the Perth Mint in Western Australia hence the 'government-backed' since it's owned by the government of Western Australia

Edit:
https://support.uphold.com/hc/en-us/articles/360047103451-What-is-Universal-Gold-UPXAU-
https://support.uphold.com/hc/en-us/articles/360046703472-What-advantages-does-UPXAU-have-compared-with-other-gold-tokens-

[NeuroticFish]

It's an ERC-20 token and 1 token = 1 troy oz. The issuer is a coalition of cryptocurrency companies (Universal Protocol Alliance)
A token is collateralized by a certificate from Infinigold (an Australian Fintech startup working on the digitalization of gold and precious metal). It's then published on the blockchain and audited by Certik
The physical gold is at the Perth Mint in Western Australia hence the 'government-backed' since it's owned by the government of Western Australia

Hmm, this could actually be interesting. Thank you for the answers.
Since my search didn't return any ANN and since the coingecko link were not showing any trading volume, I assumed it's some new gold scam token.

So...
Is there a proper announcement for this? I mean that searching for Infinigold (which seems to be Trovio now) I got to 2 tokens, PMGT and UPXAU?!

[LeGaulois]

...

Hmm, this could actually be interesting. Thank you for the answers.
Since my search didn't return any ANN and since the coingecko link were not showing any trading volume, I assumed it's some new gold scam token.

So...
Is there a proper announcement for this? I mean that searching for Infinigold (which seems to be Trovio now) I got to 2 tokens, PMGT and UPXAU?!

You're welcome

The token is listed only on Bittrex actually with 2 pairs (UPXAU/USDT and UPXAU/BTC). There is nothing interesting to see with the trading volume currently, the 2 pairs together have less than 0.01BTC the last 24h

About the PMGT token, I have never heard about it before but it appears to be another token backed by gold and Infinigold is also the same issuer. Both UPXAU and PMGT are unrelated

For UPXAU https://www.universalprotocol.io/
For PMGT https://www.pmgt.io/

https://www.businesswire.com/news/home/20200813005303/en/UP-Alliance-Launches-Digital-Token-Backed-by-Government-guaranteed-Gold-UPXAU
https://cointelegraph.com/news/perth-mint-infigold-launch-gold-backed-token-on-public-blockchain