1 unit of GAT = 1 troy ounce (31.10348 grams) of 100% pure physical gold.
GAT is a tokenized representation of own ership of underlying Gold App platform. Each issuance of GAT corresponds to specific underlying Gold Apple app which are held on trust, by a custodian, for the token holder. Each certificate is recorded by the custodian separately, without being pooled, combined or commingled with other certificates.
Unique features and benefits of GAT
Gold Apple Token is a tokenized version and it is available in Gold Apple wallet issued by Gold Apple. Each Gold Apple Token (and hence each GAT) is 100% backed by physical gold.
Convertible/redeemable via GAT into a range of Gold Apple products. This makes GAT tradable against traditional gold products. Alternatively, GAT can also be sold back to Gold Apple for fiat currency
Cost efficient, secure, trusted: GATis a desirable product for individuals seeking to buy institutional-grade gold on the blockchain.
GAT are–through the Gola apple wallet–100% backed by physical gold held in Gold Apple’s inventory, allowing for billions of dollars worth of tokens to be issued.
The amount of gold represented by the issued GAT can be verified at any time against the gold holding balance of Gold Apple Wallet accounts, published by Gold Apple on their website http://goldapplecoin.io/
Historically, gold has been one of the most effective stores of value, both as a hedge against inflation and volatility, and as a price stable asset. GAT introduces institutional-grade gold to the blockchain, allowing digital asset investors to tap into the historically proven investment benefits of gold.
Gold Apple Token is a tokenized version and it is available in Gold Apple wallet issued by Gold Apple. Each Gold Apple Token (and hence each GAT) is 100% backed by physical gold.
