ComTech Gold [Android]

For thousands of years, gold has been a global currency for citizens to hedge against inflation and price rise along with investment appeal like other asset classes. However, owning Physical gold is costly, inconvenient, and risky because of possibility of theft, difficulty in storage and transport. Gold Futures (ETF) are easy to Trade, but don't provide the underlying Ownership, plus their settlement happens between T+2 to T+5 days. ComTech Gold (CGO) has solved this problem by creating a fully digitalized 100% gold backed Stable Tokens (CGO) which is easy to carry around or Trade from anywhere in the world 24/7 and the settlement happens instantly in less than a minute.

CGO is a digital version or tokenized form of Gold. One CGO token represents one pure gram of physical gold. Buyer of token owns token in his/her wallet but underlying physical gold tied to each token is securely stored with Transguard, a globally reputed and regulated gold custodian vaults in the UAE.

CGO token is using blockchain technology to record ownership of each token. Secure smart contract on XDC Network provides full security and transparency to the community.

CGO token follows Shariah guidelines, when you own 1 CGO means you own 999.9 purity of 1 gm physical gold.

A reputed auditing firm conducts regular audit to match the outstanding supply of CGO tokens and give audit report by custodian about physical quantity of gold ensuring that the reserve of physical gold exactly matches the outstanding supply of CGO tokens. Both these Audited reports are available on ComTech gold website to maintain full transparency.
Thus backing of Gold and the Purchase/Sale of Gold Token will be completely auditable, allowing it to be completely tracked from Creation to Purchase to Sale to Redemption.
If you own 1 kg of standardized gold bar which is equivalent of 1000 CGO tokens you can tokenize your gold bar with the CGO tokens. Similarly, 1000 CGO tokens can be redeemable against the physical gold bar of 1 kg.

CGO token are available to trade with Major Crypto exchanges. Theoretically price of CGO token will mirror price of 1 gm gold in international markets. CGO tokens being digital assets, Comtech strongly advises all investors to be extra vigilant and safe keep their tokens in the preferred hardware wallets (D'cent etc) or with digital custodians like Propine Singapore.

About ComTechGold

ComTech Gold is redefining the tokenization infrastructure by the digitization of Gold using Blockchain Technology that allows both institutional and retail community to get access to Gold electronically anywhere across the Globe. ComTech Gold tokens will be 100% backed by physical Gold in the form of Standardized 1 kg bars of 999 purity stored in a secured physical Vault custodian on a segregated and auditable basis.

Gold Tokens ($CGO) will be issued by ComTech FZCO, which is incorporated in the UAE and registered under the Dubai Airport Free Zone Authority (DAFZA). Working within regulatory frameworks, we aim to create an ecosystem built with integrity, transparency, and efficiency to encourage the financial industry to raise the bar and discover new ways to service the Global community.

Join and explore more about the CGO token at:

Website: https://ComTechGold.com
Twitter: https://twitter.com/ComTechOfficial
LinkedIn: https://www.linkedin.com/company/comt...
Facebook: https://fb.me/ComTechGold
Telegram Channel: https://t.me/ComTechGold
Medium: https://medium.com/@comtech
Discord: https://discord.gg/WbSjANXj7A
Reddit: https://www.reddit.com/r/ComTechGold
YouTube: https://www.youtube.com/channel/UCh6T

Introduction of ComTech Gold | Tokenization of Physical Gold