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Gold DAO Review: Is Its Gold-Linked Token Worth Exploring?

Gold DAO aims to connect physical gold with blockchain tokens, but the details published here are too limited to judge its costs, safeguards or how to get started.

By the SkyBitcoins review team · Updated

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At a glance

Gold DAO key facts

Gold DAO key facts
TypeReal-world asset DAO focused on gold
TokensGOLDAO, GLDT and GLD NFTs
Gold claimGLD NFTs represent gold stored in Switzerland
AuditsTwo audits are listed; details are not given
TokenGOLDAO
Updated

Gold DAO FAQs

What is Gold DAO?

Gold DAO is a project focused on representing physical gold on blockchain. Its described products include GLD NFTs and a gold token called GLDT, alongside the GOLDAO governance token.

How do Gold DAO tokens relate to physical gold?

Gold DAO describes GLD NFTs as representing gold stored in Switzerland, with a way to swap them into GLDT. The available details do not explain how to verify a specific NFT’s gold backing or redeem it for physical gold.

What are Gold DAO’s fees and audit details?

Fees, redemption terms and the details of the two audits listed for the project are not published in the information available about Gold DAO. Check those points, along with how gold custody is verified, before committing funds.

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How we checked

Sources

  1. defillama.com/protocol/gold-dao(opens in a new tab)

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