Quote from: golfbahandsil on December 24, 2019, 03:40:58 PM

Quote from: mohassani on December 23, 2019, 04:45:17 PM

Quote from: ZDR_42all on December 22, 2019, 03:56:34 PM

Quote from: ragilpsht on December 21, 2019, 04:31:00 PM

Will the cost of 1 AU token be equal to 1 gram of gold?

This information is indicated on the project website.

Garnex leverages real-world assets to provide price stability to digital assets. Based on 1:1 (1/1000 oz/AU) gold/ounce allocation from all Garnex mined gold, GLD creates a true store of value and extends this offering to the international market creating one of the first globally accessible on-ramps for investors and speculators to gain exposure to above-ground gold & commodities.

That is, for each purchased token, you redeem gold and will keep it in the bank?

Garnex does not need to buy gold, they have it in storage

That is, roughly speaking, you are selling your gold reserves for tokens? Why do you think the price of your token will rise?