PolkaGold - Redefine the Polkadot Ecosystem as the Quintessential Reserve Digital Commodity

What is PolkaGold and what does it solve?

PGOLD is the first cross community commodity. Started by both Algorand and Polkadot Community members in a decentralised manner to create the most fairly distributed decentralised digital commodity.

Polkagold emerges as a digital parallel to traditional gold, encapsulating trust and reliability in the digital age. Limited to a genesis production of only 10,000,000 coins, Polkagold is designed to uphold the principles of scarcity and non-inflation, available now on Tinyman.

In a Kusamarian Interview of 06/11/2023 – Dr.Gavin Wood mentioned he would love to see Polkadot hold Treasury assets that aren’t tied to the Polkadot ecosystem as a form of diversification of Treasury Assets. Thus the idea was born, to create a digital commodity similar to gold, that the Polkadot Treasury would own, but it would be on a completely different chain. Polkagold aims to become the premier reserve digital commodity for Polkadot.

The key feature of PolkaGold includes:

Exclusive Genesis Production: Limited to just 10 million coins produced at genesis, ensuring scarcity & no inflation.
Decentralised Availability: Accessible on the Tinyman platform, offering ease of acquisition and trading.
Innovative Distribution Model: Adopts a unique approach with 0% allocation to the team or founders and 100% locked & dedicated to exchange liquidity.
Fair and Democratic Access: Ensures equal opportunity for all participants, from early adopters to public investors, to purchase PGOLD in a transparent manner.
Symbol of Digital Trust: Represents a new class of digital asset, embodying the principles of traditional gold in a modern, digital context.

Token Overview

Token name: PolkaGold
Token symbol:PGOLD/USDT
Total supply: 10 Million

PGOLD launched on exchange at early bootstrap Alpha phase with 100% of the supply immediately put into circulation as part of the liquidity pool. As a result, PGOLD can never be inflationary.

This Novel Launch concept seeks to mimic Satoshi Nakomoto’s launch of Bitcoin, where even the early adopters had to mine their first Bitcoin. With PGOLD, even the early adopters & creators will have to go to exchange and buy their PGOLD in the same process as the public. Instead of Proof of Work(PoW), where every Bitcoin acquired had to be mined, we call our concept Proof of Purchase (PoP); where every single PGOLD in existence had to be purchased.

What are the strengths of PolkaGold

PolkaGold redefines value and fairness

Distribution and fairness: Polkagold sets a new standard in crypto asset distribution, committing to absolute fairness. It diverges from the norm with zero allocations to the team, founders, or marketing efforts. Every coin, making up the entire 100% of Polkagold’s supply, is allocated for exchange liquidity. This innovative approach to launch and distribution aligns with the egalitarian spirit seen in Bitcoin’s inception, offering equal opportunity for all participants to acquire PGOLD.

PolkaGold benefits Polkadot and its community by controlling two wallets.

A wallet on Algorand that is the Genesis Wallet for the 10,000,000 hard capped supply LP that was locked for 20 years & 5 years respectively.
A wallet on Polkadot that has locked out the ticker PGOLD, the name Polkagold & the Asset ID#79 which is the elementary number for Gold. This is to ensure a copycat token cannot be made on Polkadot.

The futures

PolkaGold aims to bring together the combined liquidity, communities & combined market caps of 2 major blue chip projects – synergising to bring forth the hardest, most fairly distributed asset in crypto – PGOLD.

The Polkadot Community has all the benefit of the value accrual of PGOLD. The Algorand Community has all the benefit of tx volume, Algo coin Demand & DEX usage. Both Communities end up with a communal digital gold that can open up new DeFi opportunities and PGOLD may end up being used in clever ways by other projects within Algorand & Polkadot that we have not yet even conceived. There are far more applications to digital gold that are to be explored.

PolkaGold Official Media

Website | Telegram

About Coinstore

Accessibility. Security. Equity.

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 7million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Coinstore Media Contact

Pei Shan, Marketing Executive | peishan@coinstore.com

Jennifer Lu, Brand Ambassador | Jennifer.lu@coinstore.com