Review on CACHE Gold by LUIS RIVERO R
Token whose price is tied to the value of gold.
This is a token backed with gold in different vaults around the world, the main characteristic of this asset is that it is auditable since the total amount in circulation corresponds to the stored assets
Cache is regulated in Singapore, it has a license to sell precious stones.
Compared to other cryptocurrencies highlighted in Gold, it has a verification system of available quantities, you can search by location, then parcel and looking for the code you will have access to a photo with the stored gold.
This is a good alternative different from the stable currencies since Cache is covered with physical Gold in different locations, it is duly registered in Singapore. However, it is convenient that you do your own research on this project before making any investment.
In general if you are looking to safeguard your capital with a stable service, I would recommend that you take your time with this project, it is a real use case of Etherium smart contracts. Now as a company more information is needed on your next steps.
Pros
- It has its own blockchain to verify available assets.
- It is possible to verify the location and quantity available in your respective browser.
- This project is 100% auditable.
- Each of the tokens is equivalent to one gram of Gold.
- You can request your Physical Gold at any time.
- They have legal permits in singapore.
Cons
- It is listed in few exchanges.
- This is a little known asset.
