VoltrexGold is a digital asset deployed on the ethereum blockchain designed for users to experience the benefit of stability, security and efficiency in your digital transactions. VoltrexGold will be the first community stablecoin backed by gold, where all voices are heard and your contribution matters.
VoltrexGold aims to create an inclusive financial system that empowers people to take charge of their finances. Also to reshape the global economy by democratizing wealth distribution, fostering economic growth, and promoting financial literacy. By leveraging the power of blockchain and smart contracts, we are paving the way for a more equitable and inclusive future.
VoltrexGold digitizes the value of gold with VXG. VXG gives holders the ability to own gold digitally, that are transferable with comparable low transaction fees.
To mitigate challenges in the landscape, the concept of gold-backed token has emerged. These tokens operate similarly to traditional tokens, except that they are backed by tangible gold, via allocated or unallocated gold storage. Stablecoins are a form of asset-backed cryptocurrency which was developed to address cryptocurrencies extreme price swings. A stablecoin is a cryptocurrency whose value is “pegged” to assets with stable value, including fiat currencies (e.g. USD, EUR e.t.c.) and precious metals. Gold-backed cryptocurrencies are special forms of stablecoins, the value of which are pegged to that of gold. Combining the innovative capabilities of blockchain technology with gold offers a convenient solution to the highly volatile cryptocurrency market. Furthermore, VoltrexGold will be attached to tangible mines which will eventually pay dividends to coin holders.