The first Ekon Gold has been minted

January 22, 2020

The gold standard strikes back, along with a restored confidence inasset-backed crypto.

1EKG is backed by 1 gram of gold (999) and redeemable as you go.

Get EKG on the Eidoo App

Eidoo’s Ekon Gold is the meeting point between - gold - and cryptocurrency. This is to offer a store of value and to beat the value fluctuations of cryptocurrencies.

Ekon Gold is a physical gold bars-backed cryptocurrency developed by Eidoo, a Swiss-based company that runs a hybrid exchange and cryptocurrency wallet for bitcoin (BTC), ethereum (ETH) and all tokens based on the Ethereum blockchain (ERC20 and ERC231).

Ekon Gold is an ERC20 token that is equivalent to 1 gram (999) of fine gold. It is stored in a certified and insured Vault in Switzerland.

It is properly audited (by PluriAudit SA, an independent auditing firm registered under the laws of Switzerland), transparent and fully backed - for real.

Ekon Gold stands out among the other few stable coins backed by gold thanks to its 1:1 pegging with a gram of gold and thanks to it being redeemable - all this is offered with no storage fees.

To guarantee a 100% transparent process all the token holders are able to monitor the actual backing - physical gold bars - stored in the vault via the real time streaming of a web-camera.

EKON Gold complies with the related Laws of Switzerland, Know-Your-Customer( KYC) and Anti Money Laundering ( AML) regulations. To buy Ekon Gold, users shall complete EidooID’s Tier 2 Identity verification.

Ekon tokens can be bought through the Eidoo app that is available on iOS, Android and all desktop devices (Linux, Mac and Windows).

About Eidoo

Eidoo is a fast, easy multi-currency wallet and hybrid exchange for blockchain assets and the first human-to-blockchain interface for all cryptocurrency needs. Eidoo is available to download for free from the iOS app store or from the Google Play Store for Android. Currently, Eidoo has more than 1 million downloads worldwide.