Between the tokens tether gold and pax gold, the market valuations of these two GoldBackedCryptos are nearing a billion dollars in value. XAUT PAXG DGX PMGT
both have market caps above $1 million each. PMGT has a $1.7 million market capitalization and DGX has $1.1 million today. 100% of PMGT trades are settled in AUD via the Independent Reserve, while a large portion of DGX swaps are settled in the Indonesian rupiah via the exchange Indodax.
While PMGT is also backed by one troy fine ounce of physical gold like XAUT and PAXG, DGX tokens are backed by a gram of LBMA gold. According to the Digixdao team, the assets are stored in a safe house located in Singapore. PMGT and DGX have not seen the growth XAUT and PAXG have seen. On March 12, 2020, PMGT had a market valuation of $177,205 and since then it’s increased 859%. DGX had a market valuation of $1.2 million in May 2018, and today the valuation is roughly the same.
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