What happened to fantasy world gold?

Fantasy World Gold migrated from old contract to a new contract. Holders are airdropped less 7.5% of the amount of the old tokens held and there is a 7.5% change in price difference and liquidity.

What are Gold-pegged cryptocurrencies?

Gold-pegged cryptocurrencies are designed in a similar way to stablecoins, but rather than being backed by fiat are backed by the value of physical gold. Gold-pegged tokens aim to prevent price fluctuations by tying the derivative asset to a tangible asset.

What is a gold-backed crypto token?

A single unit of crypto is equivalent to a given unit of gold. Some are backed at the ratio of 1:1, where 1 token equals 1 gram of gold. Investors in the token earn increased returns from gold pricing. Investors can redeem tokens back for gold. The majority of gold-backed tokens exist as ERC-20 standard tokens, but not all.

Which cryptocurrencies are backed by gold?

Answer: Multiple cryptocurrencies are backed by gold, including Tether Gold, DigixGlobal, Paxos Gold, Goldcoin, Perth Mint Gold, and Meth Gold. We also have others backed by fiats like US Dollar including Tether, USD Coin, Dai, TrueUSD, Paxos Standard, Binance USD, Gemini Dollar, and Palladium Coin.