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Digital Gold Backed by Physical Oz of Gold
ONS Gold Token (ONSG), is a collateralised stablecoin running on the Avalanche C-chain, Polygon and Ethereum blockchains, and its price is always pegged to the ounce of gold.
ONSG
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ONSG Ons Gold Token
The Crypto Equivalent ofPhysical Gold (Ounce)
ONSG is a cryptocurrency with a physical equivalent. For every ONSG generated, the same value of ounces of gold is added to the company’s treasury.
ONS Gold Token (ONSG) aims to make the gold more accessible to everyone and facilitate gold transactions.
Trade 24/7
ONS Gold Token (ONSG) is a digital asset that can be traded 24/7.
Traceable on Blockchain
All ONSG transactions can be tracked on the blockchain.
1:1 Gold Exchange
The ratio between ONS Gold Token (ONSG) and physical ounces of gold stored in safe deposit vaults is 1:1.
No Storage Cost
Unlike physical gold, ONSG investors are not charged with custody, transfer, and administration costs.
Convertible to Turkish Lira
Investors holding ONSG can convert their tokens into Turkish lira via the cryptocurrency trading platform bitlo.com.
24/7 Support
You can get 24/7 support for your token tradings to make an investment in the correct way.
How does ONS Gold Token (ONSG) work?
ONS Gold Token (ONSG), which is issued in the equivalent of the physical ounces of gold, is generated on the Avalanche C-chain, Polygon and Ethereum blockchains. For every ONSG generated, the same value of gold in ounces is added to the company’s treasury. Investors can store ONSG tokens in compatible cryptocurrency wallets.
A smart contract has been created to maintain the supply-demand balance between ONSG and the ounce of gold. When an ONSG token is generated, the same value of gold is automatically added to the company’s treasury by this smart contract.
When the amount of gold in the company’s treasury decreases, ONSG tokens in the equivalent value are burned by the smart contract. Thus, the 1:1 ratio between the ONSG and the ounce of gold in the company’s treasury is always maintained. This ensures that the ONSG is not affected by sudden price fluctuations on cryptocurrency exchanges.
The Advantages of ONS Gold Token (ONSG)
Price Stability
ONS Gold Token (ONSG), like all stablecoins, aims to provide price stability to its investors and protect them from sudden price fluctuations in the cryptocurrency market.
Trading without Middlemen
ONSG facilitates its holders’ access to gold. Thanks to blockchain technology, it is possible to execute the ounce of gold transactions with ONSG from anywhere in the world, every day and every hour. Due to the decentralized structure of the blockchain, there is no need for intermediaries such as banks in executing transactions with ONSG.
Peer-to-Peer Transfers
ONSG token transfers are done peer-to-peer, meaning that ONSG tokens can be sent directly from one wallet to another. Thus, ONSG transactions are much faster, cost-effective and safer than transactions with the physical ounce of gold.
Transparent Structure
ONS Gold Token (ONSG) is completely transparent. Stablecoin traders usually have to rely on the company’s declaration of collateral. You can always see the supply of ONSG and its physical counterpart on the blockchain.
Gold ETFs | Physical Gold | GRAMG | |
---|---|---|---|
Additional Fee | 19-40 bps per annum | Variable | 1 TL |
Minimum Transaction Amount | 1 share (price variable) | Variable | No |
Transaction Execution Time | T+2 | Variable | Instantly |
Instantly convertible | ✗︎ | ✗︎ | ✔︎ |
Gold ETFs | Physical Gold | GRAMG | |
---|---|---|---|
24/7 Operation | Cannot be done | Cannot be done | Can be done |
Transfer possibility | Middle | Low | High |
Property | Indirect | Direct | Direct |
Storage Cost | Low | High | No |
Accessibility | High | Low | High |
Transaction Limit (min) | Variable | Variable | 1 TL |
Frequently Asked Questions
All the answers you seek about ONSG
ONSG is a stablecoin that offers price stability in the cryptocurrency market with sudden price fluctuations. With ONSG, whose price is supported by the physical equivalent, the ounce of gold transactions can be made 24/7 from anywhere in the world.
ONSG is a collateralized stablecoin. For every ONSG token in circulation, an equal value of the ounce of gold is held in the company’s treasury.
You can easily and safely buy ONSG on Bitlo, one of the leading cryptocurrency exchanges in Turkey.
ONSG is not a mineable cryptocurrency. ONSG is supplied by Token Technology in such a way as to maintain a 1 to 1 ratio balance with the ounce of gold.
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