ChainGold is a reserve gold cryptocurrency backed by pack of expertly priced physical gold, evaulated by Germany based precious metals evaluation institute.
Due to the fact that ChainGold is not a stablecoin, but a reserve gold cryptocurrency, its maximal price is not capped, yet its minimal price should be 1 €.
For each of emit tokens, ChainGold holds 1 € of expertly priced physical gold.
Each ChainGold is not pegged to, but backed by 1 € of expertly priced physical gold.
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