The project bears all the traces of being a resource-backed digital currency token, stored in competent vault offices, with 1,000 tokens addressing one gram of gold. It claims that every customer claiming PGOLD owns ownership rights to this gold under the management of Pyrrhos Trust Company. As the PGOLD coin token addresses real gold, its value is directly based on the continuous market forecast of that real gold. PGOLD offers customers the speed and portability of a computerized resource or cryptographic coin, as well as real de facto liability benefits for bullion. It guarantees that customers may have missing liability for real bars. What's more, customers can quickly and effectively convert their tokens to fiat money, which reduces the risk of exposure to installment risks. Likewise, the option to exchange your PGold tokens for real real gold is additionally accessible on the site, so PGold digital currency tokens suitable for use seem comparable to a sufficient amount of real gold. Therefore, this initiative looks unique from different activities as I can see, no other coin or coin is unlikely to offer this alternative.
The things I mentioned above are entirely the working logic of the project. Now, to talk about my general opinion, I think the project is abandoned and risky. Because most of the social media accounts of the project have been removed. Also the information on the website has not been updated in a long time and I found it to have an outdated design. In addition, even a little information about the developers has not been presented.
Finally, I did not get any information about the movements of the PGOLD token, because it is not listed on the exchanges I use and is no longer tracked on the CMC platform. In short, the project is completely dead in my eyes