The stablecoin Ekon Gold (EKG) is now listed in the Eidoo Hybrid exchange.
Beginning May 22, EKG can be purchased with digital currencies like Tether (USDT) and Ethereum (ETH). Furthermore, customers can also purchase EKG with EUR wire transfer through the Eidoo app.
Developed by Eidoo, Ekon Gold is a cryptocurrency backed by physical gold bars. Swiss-based Eidoo manages a hybrid exchange and offers a cryptocurrency wallet for bitcoin (BTC), ethereum (ETH), as well as ERC20 and ERC231 tokens.
EKG Token Price (USD) is pegged to Gold (spot price): 1 EKG is backed by 1 gram of fine gold (999) and can be redeemed anytime. Real physical gold, which is stored in an insured and certified vault in Switzerland, backs the Ekon Gold.
The token is audited by Swiss-registered independent auditing firm PluriAuditSA for transparency and to ensure that it is fully backed, for real.
Through real-time streaming of a web camera, all token holders will be able to monitor the actual backing—physical gold bars—to assure 100% transparency.
Ekon Gold is compliant with relevant laws in Switzerland, including know-your-customer and anti-money laundering (AML) regulations. Users need to complete EidooID’s Tier 2 Identity verification in order to buy Ekon Gold.