Gold-backed currency ACUG trading launched

A million digital tokens worth an ounce of gold will be issued in the first launch.

The Asia Digital Currency Limited has opened new opportunities for investors as it has launched its gold-backed digital currency, ACUG.

The ACUG is a digital asset pegged to have the value of gold. The company said it plans to issue a total of 1 million ACUG tokens in the first launch, each with a value of one ounce of physical gold.

“In the past, if a trader wants to participate in gold investment, one has to overcome a cumbersome process to complete. However, ACUG provides better accessibility to users in the form of tokenised gold,” the company said. “Traders can trade digital assets at any time with multiple options to buy, sell and store assets.”

Each ACUG has a one-to-one redeemable physical gold in Asia Digital Gold. The newly launched token can also withstand price fluctuations, considering gold has low volatility and is not subject to inflation.

“Moreover, benefit by blockchain applications and Defi solutions, ACUG will expand its possibilities under more viable infrastructure for future growth,” the company added.

Noting that digital assets are seen to become a trend, the Asia Digital Gold said investors should focus on the approach of linking “new born” with traditional investment.

“ACUG is definitely one of those who will empower digital investment methods in the foreseeing future.”