Lode One
Swiss-based Lode AG originally launched on Syscoin (SYS), and later Avalanche (AVAX) blockchains to offer both gold (AUX) and silver (AGX) backed tokens.
Each AUX token is backed by one-milligram of “vaulted, audited, and insured” 99.99% (bullion grade) gold. AUX-tokens are redeemable (minimum redemption size is 10oz).
AGX tokens are each backed by one gram of silver. The minimum redemption size is 100oz.
LODE Token: The Native Cryptocurrency
The LODE token serves as the native cryptocurrency within the Lode AG ecosystem. Unlike AUX and AUG, which are backed by their respective precious metal, the LODE token represents a stake in the Lode Project itself. The LODE token is akin to a “governance” token seen in other projects and DAO’s (Decentralized Autonomous Systems) – it also earns a stake in the fees generated by the ecosystem.
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To dig into these projects, see the main Gold Backed Crypto Currencies Directory
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