Dear LBank users,

 

CGO(ComTech Gold) will be listed on LBank at 19:00 August 15, 2022 (UTC+8), the details are as follows:

 

Trading Pair: CGO/USDT

Trading Area: Innovation Zone

Deposit Enable: 18:00 August 14, 2022 (UTC+8)

Trading Open: 19:00 August 15, 2022 (UTC+8)

Withdrawal Enable: 18:00 August 16, 2022 (UTC+8)

 

  • About CGO(ComTech Gold)

Comtech Gold (CGO) is an asset-backed token issued by Comtech FZCO. One CGO token represents one gram of pure gold. CGO tokens represent legal ownership rights to a part of the gold held by the regulated custodian in the UAE. Since the CGO token represents real, physical gold, its value is tied directly to the real-time market value of gold. A reputed auditing firm conducts regular audit to match the outstanding supply of CGO tokens and give audit report by custodian about physical quantity of gold ensuring that the reserve of physical gold exactly matches the outstanding supply of CGO tokens. Both these Audited reports are available on ComTech gold website to maintain full transparency. If you own 1 kg of standardized gold bar which is equivalent of 1000 CGO tokens you can tokenize your gold bar with the CGO tokens. Similarly, 1000 CGO tokens can be redeemable against the physical gold bar of 1 kg. Watch the video to view the introduction of ComTech Gold.

Comtech Gold runs on the XDC Network blockchain. Its CGO token follows the standard XRC20 protocol, and all transactions function according to the smart contract rules set by the XDC network. 

 

ComTech Gold is redefining the tokenization infrastructure by the digitization of Gold using Blockchain Technology that allows both institutional and retail community to get access to Gold electronically anywhere across the Globe. ComTech Gold tokens will be 100% backed by physical Gold in the form of Standardized 1 kg bars of 999 purity stored in a secured physical Vault custodian on a segregated and auditable basis.

 

Gold Tokens ($CGO) will be issued by ComTech FZCO, which is incorporated in the UAE and registered under the Dubai Airport Free Zone Authority (DAFZA). Working within regulatory frameworks, we aim to create an ecosystem built with integrity, transparency, and efficiency to encourage the financial industry to raise the bar and discover new ways to service the Global community.

 

  • About CGO(ComTech Gold) Transaction Fee

An additional 0.1% will be deducted on top of the LBank transaction fee to be returned to the project team.

 

 

Website: https://comtechgold.com/

Blockchain browser: https://explorer.xinfin.network/tokens/xdc8f9920283470f52128bf11b0c14e798be704fd15

Whitepaper: https://comtechgold.com/assets/whitepaper/cgo_whitepaper_v1.pdf

 

 

Click here to download for iOS or Android

 

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