I'm forced to create this topic today because it's getting annoying how some new developers are creating gold backed tokens on this forum, please listen to me, some use cases are foul play in crypto space and gold backed tokens are one of them, many so called devs are building tokens but they have no proof that those tokens are backed by any gold yet some investors believed them, it's all lies, open your eye people...
The only way I can trust a token that's backed by real gold is if the project is from a gold company, verified and certified, I'm talking about well known real gold companies like
1. Kinross Gold
2. GoldCorp
3. Agnico-eagle mines e.t.c
These are examples of real life gold companies, stand for the truth and stop promoting or patronizing unrealistic crypto projects
Thanks for bringing this to the notice of everyone as using the gold backed project is among the current format used by lots of projects these days, their whitepaper ls are always lit with sweet proposals of how their company already acquired real life gold but it's always just a scam format to lure investors. Another use case often leveraged by teams fpr scam is the real estate, they'll preach heaven and earth on tokenization but it often ends in nothing