Gold

Gold PriceGOLD

$0.003006
$0.000050+1.68%

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Gold Price Today

Current GOLD/USD real-time price is $0.003006, with a 24-hour change rate of +1.68% and a 7-day change rate of +8.70%. GOLD currently ranks #3189 globally by market cap, with a total market cap of $48.768985K, a fully diluted valuation (FDV) of $62.31668K, and a 24-hour trading volume of $0. In terms of supply, GOLD has a maximum supply of 21M, a current circulating supply of 16.43M, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Gold

Gold (GOLD) is an experimental digital asset on the Solana blockchain designed to represent a claim on physical gold, aiming for a 1:1 peg.

Key takeaways

  • Gold (GOLD) is a tokenized representation of physical gold, operating as a Real-World Asset (RWA) on the high-speed Solana blockchain.
  • It utilizes a Proof-of-Stake (PoS) consensus mechanism, inheriting Solana's security and efficiency for its transactions.
  • The project is an experiment in creating a stable, gold-backed digital asset with a transparent and finite maximum supply.
  • Its primary use case is to provide a blockchain-native method for holding and transferring exposure to gold's value.
  • You can trade GOLD tokens via spot or futures contracts on major exchanges like BTCC.

What is Gold (GOLD)? Key Specifications & Tokenomics

Gold (GOLD) is a digital token that seeks to bridge the traditional value of physical gold with the innovation of blockchain technology, offering a modern asset for diversification and value storage.


ItemDetails
Name (Ticker)Gold (GOLD)
Alternative NamesTokenized Gold
Consensus MechanismSolana Proof-of-Stake (PoS)
Smart ContractsYes (EVM/Matrixdock-compatible)
CategoryReal-World Asset (RWA)
Hash AlgorithmKeccak-256
Block RewardN/A (Relies on Solana's native staking rewards)
Max Supply420,690,000,000,000,000 (420.69 Quadrillion)
TPSHigh (Leverages Solana's high throughput)
Scaling SolutionSolana Layer 1
BlockchainSolana

Who created Gold (GOLD)?


The Gold (GOLD) project was developed by a team experimenting with Real-World Asset (RWA) tokenization on the Solana blockchain. While specific founding members are not always publicly highlighted for such experimental assets, the project leverages Solana's infrastructure to create a gold-pegged digital token. The development and smart contract deployment are typically managed by the project's core team or a associated decentralized autonomous organization (DAO), focusing on maintaining the asset's peg and transparency. The use of a verifiable smart contract address is crucial for establishing trust in the token's backing mechanism.


How does Gold (GOLD) work?

Gold (GOLD) operates by tokenizing a claim on physical gold reserves. The process is built on the Solana network, known for its fast transaction speeds and low costs.

  • Asset Backing: The core concept involves holding physical gold in secure, audited vaults. Each GOLD token in circulation is intended to represent a fractional ownership claim on this underlying bullion.
  • Blockchain Execution: The token itself is a SPL (Solana Program Library) token, meaning it follows the standard for creating and managing digital assets on Solana. Its smart contract, deployed at a specific on-chain address, governs the token's minting, burning, and transfer rules.
  • Peg Maintenance: The project's mechanism aims to maintain a 1:1 value peg with gold. This is managed through protocols that may involve minting new tokens only when corresponding gold is deposited and burning tokens when gold is redeemed, although the specific custodial and operational model is defined by the project team.

What makes Gold (GOLD) unique and valuable锛>

Gold (GOLD) combines the timeless appeal of gold with the efficiency of modern blockchain.

  • Real-World Asset (RWA) Tokenization: It sits at the intersection of decentralized finance (DeFi) and traditional finance (TradFi), offering exposure to gold without the need for physical storage or complex brokerage accounts.
  • Solana's Performance: By building on Solana, GOLD benefits from fast settlement times and low transaction fees, making micro-transactions and frequent transfers feasible銆瀉 significant advantage over physical gold trading.
  • Transparent Supply: The token has a defined and transparent maximum supply, which can provide clarity against inflationary monetary policies. The experimental, large max supply figure is part of its unique tokenomics.
  • Programmability: As a digital token, GOLD can be integrated into various DeFi applications like lending protocols, liquidity pools, and yield farming strategies, creating utility beyond simple ownership.

What is Gold (GOLD) used for?

The GOLD token is designed for specific use cases within the digital economy.

  • Digital Gold Holding: It serves as a digital store of value and hedge against market volatility, mirroring the traditional role of physical gold but in a more accessible, digital format.
  • Collateral in DeFi: Users can potentially use GOLD tokens as collateral to borrow other cryptocurrencies in decentralized lending markets, leveraging their gold-backed value.
  • Cross-Border Transfers: The token enables fast and low-cost international transfers of gold's value, bypassing traditional financial intermediaries and geographic restrictions.
  • Portfolio Diversification: Crypto investors can use GOLD to add a non-correlated, commodity-based asset to their digital portfolios directly on the blockchain.

How to buy GOLD Coin?

  1. Register a BTCC Account: Sign up using your email or phone number. Complete the KYC verification process to access all platform features and benefits. (How to buy USDT on BTCC)
  2. Deposit Funds: Add funds via fiat methods (bank transfer, card, or third-party payment) or deposit USDT from an external wallet into your BTCC account. (How to buy USDT on BTCC)
  3. Start Trading: Navigate to the trading section. Search for the spot trading pair GOLD/USDT or the futures contract GOLDUSDT.
  4. Place an Order: Enter the amount of GOLD you wish to purchase and submit your order. For futures trading, you can also open short (sell) positions and adjust leverage according to your strategy.
  5. Confirm Your Purchase: For spot buys, check your asset wallet to confirm the GOLD tokens have been credited. For futures, check your open orders or positions on the trading interface.

How to Buy and Use Gold

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsGold is instantly credited to your BTCC account, ready for trading at any time.

Related Trading

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Perpetual Contracts
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Gold FAQs

What is the live price, market cap, and 24h volume of Gold (GOLD)?

As of right now, the live price of Gold (GOLD) is $0.003006. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated GOLD to USD rate at the top of BTCC’s price page. In terms of market scope, Gold records a 24h trading volume of $0 (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $48.768985K. Its current circulating supply stands at 16.43M out of a maximum supply cap of 21M.

Why does the price of Gold (GOLD) fluctuate, and what drives its volatility?

The price volatility of Gold (GOLD) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (16.43M) to max supply (21M), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.

What are the all-time high (ATH) and all-time low (ATL) for Gold (GOLD)?

Looking at its historical price performance, Gold (GOLD) hit an all-time high (ATH) of $0.326188 on 2023-09-22 06:55, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.00144 on 2023-09-20 22:45. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.

How to read the Gold (GOLD) price chart for futures trading?

When trading GOLD futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($0), as price breakouts accompanied by strong volume offer higher reliability.

How to profit from Gold (GOLD) price drops? (Short Selling Guide)

Unlike spot trading where you can only profit from rising prices, BTCC’s GOLDUSDT perpetual contracts support two-way trading. If you anticipate a price decline for Gold, simply log into your BTCC account with USDT margin available, navigate to the GOLDUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.

Can I trade Gold (GOLD) perpetual futures with high leverage on BTCC?

Yes. BTCC offers flexible, high-tier leverage options for GOLDUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.

How to practice Gold (GOLD) futures trading with a free demo account?

Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.003006), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for GOLDUSDT with zero financial risk.

Step-by-step guide: How to buy and trade Gold (GOLD) on BTCC?

Trading Gold (GOLD) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for GOLDUSDT, and review its live price ($0.003006) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.

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