This week LeoStrategy has a launched an interesting new token that is pegged to gold, TGLD. It is pegged at 1:100 to the SPDR Gold Shares ETF (GLD). They are offering some very nice rewards to those who buy in early as part of the presale, which is currently ongoing. It launched yesterday putting us not in day two of the presale. The sooner you buy in and stake on HE the better the rewards available.
As you can see in the table below when you purchase and stake the tokens you can earn a nice APR which is permanent as long as you leave you tokens staked. I have purchased some and staked them away to earn that great APR!
Alternatively you can purchase it on Base and provide liquidity for some very rich rewards. I'm not taking this route, but you only have the first 48 hours to take advantage. So time is running out!
Plus they are offering some social milestones to incentivize sales during the presale. You can earn free tokens as the presale progresses which is a pretty nice deal!
The advantage of having tokenized gold is you can invest smaller amounts and not have to hold the gold personally. That being said, that is also a disadvantage, because it you don't physically hold it you don't technically own it. Which is why as a gold and silver stacker I prefer to own my metals outright. However this is offering some very nice rewards that can provide some passive residual income to those who invest early.
Gold has had a great year, and there may be much more upside yet to come. That could make the shares of TGLD more valuable over time as well.
Gold prices over the las day from Kitco.com
I think it's a great opportunity to try out a new concept here on Hive and have some exposure to gold. I recommend buying in early to maximize your potential earnings down the road. But always invest wisely, and never invest more than you can afford to lose! There is never any guarantee on any project in the defi world as we all know well.
Right now you can buy TGLD on Hive Engine at the presale price of 30 Hive each.
It's been a few rough days with BTC, it may continue to erode prices of other crypto projects as well. Fortunately, Hive has been holding strong at just about $0.11. I was concerned we might be at sub ten cent Hive, but so far so good! I'm crossing my fingers!
That will do it for today, I have made my Hive Engine purchase of some TGLD and staked it away! Hopefully this will turn out to be a big winner! Please feel free to leave any comments or questions below, and thank you for all of the support. Have a great day everyone!
References:
file:///C:/Users/User/Downloads/TGLD%20Slide%20Deck.pdf
https://www.kitco.com/charts/gold
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
Slides and header from LeoStrategy
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