What Is Goldfish Gold (GGBR) Crypto? A Gold-Backed Crypto Token

Amidst the volatility of the crypto market which often makes investors anxious, the presence ofgold-based crypto assetslike Goldfish Gold (GGBR) is a breath of fresh air.

GGBR is a crypto token designed to offer value stability by tying it directly to physical gold reserves.

With this approach, GGBR seeks to bridge the world of traditional assets and blockchain technology in a more secure and transparent manner.

Unlike fiat-based stablecoins, which rely on a specific currency, GGBR uses gold as its foundation. This makes it attractive to investors seeking a hedge against inflation while remaining in the crypto ecosystem.

Key Points

• GGBR is a physical gold-backed crypto token that is audited and insured
• Each token represents 1/1000 of a troy ounce of gold.
• Designed as a stable asset and liquid RWA (Real World Asset)

What is GGBR?

In simple terms, GGBR (Goldfish Gold) is a digital asset thatits value is backed by physical goldwhich are stored in institutional custodians.

Each GGBR token represents 1/1000 of a troy ounce of gold, so its value follows global gold price movements, particularly the LBMA (London Bullion Market Association) standard.

This project was developed by GGBR Inc. in collaboration with I-ON Digital Corp. with a primary focus on transparency and trust.

One of the main advantages of GGBR is the use of on-chain Proof-of-Reserves, which allows the public to verify gold reserves in real-time via the blockchain.

Currently, GGBR operates primarily on the Ethereum network, but has plans to expand to multi-chain to increase adoption and transaction efficiency.

With this approach, GGBR positions itself as a fiat stablecoin alternative that is more resilient to monetary policy risks.

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Tokenomics Goldfish Gold (GGBR)

In terms of tokenomics, GGBR is designed with a conservative yet robust approach. The maximum total supply of GGBR is 25 million tokens, with a 5:1 over-collateralization system.

This means that the gold reserves held far exceed the value of the tokens in circulation, in order to maintain price stability and investor confidence.

GGBR also offers a physical redemption feature for large holders. Tokens can be exchanged for physical gold through regulated dealers, a feature rarely found in other gold-backed crypto tokens. Furthermore, GGBR boasts 24/7 liquidity across various DEXs like Uniswap, allowing traders to enter and exit the market at any time.

This tokenomics approach makes GGBR suitable not only for long-term investors but also for traders who need a stable asset amidst crypto market fluctuations.

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Current GGBR Price

Based on the latest data, the GGBR price is around $4.82 USD, or approximately Rp81,396, with a 24-hour trading volume of around $47,315 USD. Like other gold-based assets, GGBR's price movements are heavily influenced by global gold prices.

In the last 24 hours, GGBR has decreased by around -7.56%, reflecting the fluctuations in gold prices and the dynamics of the crypto market.

However, GGBR's volatility is relatively lower compared to speculative altcoins, making it attractive to investors who prioritize stability.

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Goldfish Gold Potential and Use Cases

GGBR's main potential lies in its position as an inflation hedge and a liquid representation of RWA (Real World Asset) on the blockchain.

For crypto traders and investors, GGBR can be used as a hedging tool during market volatility.

Additionally, GGBR enables fractional gold ownership, eliminating the need for investors to purchase large amounts of physical gold. This token can also be used for trading, portfolio diversification, or as a temporary fundraiser during volatile crypto markets.

With increasing access through various global exchanges such as Bitrue, GGBR has the potential to become one of the relevant digital gold tokens in the long term.

Read Also:A Complete Guide to Installment Gold Purchases in Indonesia

Start Investing in Crypto Safely at Bittime

If you're interested in exploring more stable crypto assets like GGBR or other digital assets, an important first step is to use a trusted platform.

Bittime is a regulated crypto trading platform in Indonesia, offering easy registration, high security, and a user-friendly interface.

Before proceeding to the closing discussion, make sure youregister an account on the Bittime platformso you can start trading and build a crypto portfolio safely and in a planned manner.

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Conclusion

Goldfish Gold (GGBR) is an attractive solution for investors looking to combine the stability of gold with the flexibility of blockchain technology.

Backed by audited physical gold, conservative tokenomics, and 24/7 liquidity, GGBR offers an alternative hedging asset amidst crypto market volatility.

While it still carries market risks, GGBR is worth considering as part of a digital portfolio diversification strategy.

FAQ

What is Goldfish Gold (GGBR)?

Goldfish Gold is a physical gold-backed crypto token, where each token represents 1/1000 of a troy ounce of gold.

Is GGBR a stablecoin?

GGBR is not a fiat stablecoin, but rather a gold-backed crypto asset whose value follows the global gold price.

What blockchain network does GGBR run on?

GGBR currently runs on the Ethereum network with plans to expand to multi-chain.

Can GGBR be exchanged for physical gold?

Yes, GGBR supports physical gold redemption for large holders through regulated dealers.

Is GGBR suitable for beginners?

Suitable, especially for beginners who want crypto assets with lower volatility than speculative altcoins.