BingoldPrice

(BIGOD)

BIGOD (BinGold) is a gold-backed security token designed to bridge physical gold with decentralized finance (DeFi). Each BIGOD token is pegged to 250 grams of physical 24K gold. This gold is securely stored in audited vaults, and its existence is verifiable through 'GoldOnBlockchain' technology. This mechanism ensures that the digital token maintains a direct and transparent link to its tangible gold asset, offering a stable and verifiable asset in the Web3 ecosystem.

BIGOD differentiates itself by offering gold-backed stability, positioning it as a hedge against inflation and market volatility. It is built on the robust BNB Chain (BEP-20), which facilitates efficient, low-fee, and fast transactions. A core unique feature is its on-chain proof and full transparency of gold reserves, which is verifiable through its 'GoldOnBlockchain' technology. This commitment to tangible asset backing combined with blockchain efficiency and transparency sets it apart.

BIGOD offers diverse applications across various sectors. These include facilitating cross-border trade and B2B payments, integrating into e-commerce marketplaces for seamless transactions, and serving as collateral within various DeFi protocols. It can also be employed in hedging strategies against market fluctuations and enables staking opportunities for holders to earn passive income. These use cases leverage its gold-backed stability and blockchain efficiency across financial and commercial activities.

The total supply of BIGOD is capped at 2,500,000 tokens. An initial supply of 6,000 BIGOD was mentioned during its pre-ICO phase. BIGOD is built on the Binance Smart Chain (BNB Chain) and adheres to the BEP-20 token standard. The selection of the BNB Chain provides users with the advantages of low transaction fees and high processing speeds, which contribute significantly to the token's operational efficiency and accessibility within the Web3 environment.

Aiiongold acts as the official custodian of the physical 24K gold reserves that underpin the BIGOD token. This entity is committed to ensuring the secure storage of the gold in audited vaults. For continuous transparency and accountability, Aiiongold regularly publishes third-party Proof-of-Reserve reports. These reports allow investors and the community to independently verify the gold backing on an ongoing basis, providing an essential layer of trust and confidence in the token's asset peg.

BIGOD's roadmap includes several significant milestones aimed at enhancing its utility and accessibility. Planned developments feature the launch of a dedicated staking module, integration of a crypto payment gateway to expand transactional use cases, and strategic listings on both major centralized and decentralized exchanges to enhance liquidity. Furthermore, the project aims to implement a robust on-chain Proof-of-Reserve mechanism, reinforcing the transparency and verifiability of its gold backing for its community.