The second week of July is the week that Indodax traders have been waiting for because the newest crypto asset, Tether Gold (XAUT) Token, will soon be listed on INDODAX.
Open deposit will start on July 12, 2023, at 14:00 WIB, and open trading will start on July 13, 2023, at 14:00 WIB.
Tether Gold (XAUT) is a token that represents ownership of physical gold. If you are curious? Let’s read complete information about the Tether Gold (XAUT) crypto asset below until it’s finished!
Tether Gold (XAUT) Token Data and Information
Did you know that TG Commodities Limited founded the Tether Gold crypto asset? Tether was founded by Brock Pierce, Reeve Collins, and Craig Stellars.
XAUT is part of the stablecoin Tether, which leverages blockchain technology to create a digital representation of gold.
Tether Gold enables everyone to gain exposure to gold by eliminating counterparty risk, storage fees, and accessibility (transaction) fees.
This provides a cost-effective way for investors to access the price of physical gold in traditional markets, as it provides direct exposure to the value of physical gold, including financial assets such as ETFs and digital tokens, with easy transactions.
According to the official whitepaper, the Tether Gold (XAUT) token is referred to as a “natural progression” in the evolution of money. After creating the largest stablecoin by market cap, Tether (USDT), TG Commodities Limited introduced Tether Gold, a digital currency backed by gold.
With many considering gold a “store of value,” gold-backed stablecoins offer several advantages over their fiat-backed counterparts.
The Tether Gold Token provides users with an asset that combines scarcity and price stability similar to gold but also offers the digital token convenience for transactions and confidence in scarcity.
Tether Gold (XAUT) Token Crypto Asset Rating
The Tether Gold (XAUT) token’s crypto asset rating on CoinMarketCap is currently #81, with an immediate market capitalization of USD 475,847,832. It has a circulating supply of 246,524 XAUT coins and max. Supply not available.
How to Buy Crypto Asset Tether Gold (XAUT) Token Crypto Asset
Those who want to buy the Tether Gold (XAUT) crypto asset can buy it on INDODAX starting July 13, 2023, at 14:00 WIB. Here below is how to buy it:
- Those who still need to become a member can register directly at INDODAX.
- After that, make a deposit, and if you need clarification, you can read how to make a deposit here.
- After your deposit and balance are entered, you can return to the INDODAX market.
- Look for the Tether Gold (XAUT) token on the IDR market, then click it
- After entering, you must buy by filling in the balance and at what price you want to buy the Tether Gold (XAUT) crypto asset. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time
- After the price increases, you can sell at a higher price with the instant method.
- If you sell with the limit method, you can place an order after buying. Make sure you enter a higher number when selling.
How are you interested in investing in the crypto asset Tether Gold (XAUT)?
Take advantage of this golden opportunity! Because the open deposit will start tomorrow at 14:00 WIB, and open trading will start on July 13, 2023, at 14:00 WIB.
Come on, make profits in the ever-growing crypto market. Find a variety of interesting crypto assets and take advantage of high-profit potential.
You need to know that INDODAX has launched a new feature called Indodax Earn/Staking. This latest feature allows you to leverage your crypto assets and earn profits just like saving & hopefully, and this article will be useful.