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Gold DAO GLDGOV Price

$0.024

-0.17%

$

24h Range

$

Market Cap

$16,657,185.0

Fully Diluted Valuation

$23,676,370.0

24 Hour Trading Vol

$39,780.0

Circulating Supply

700,468,592.6

Total Supply

995,809,592.6

Max Supply

1,000,000,000.0

Info

GLDGOV Price Statistics

Gold DAO Price

$0.024

24h Range

$undefined - $undefined

Percent Change 1h

-4.92%

Percent Change 24h

-0.17%

Percent Change 7d

-15.91%

All-time high

$0.087

All-time low

$0.022

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About Gold DAO

What is Gold DAO (GLDGOV)?

Gold DAO (GLDGOV) is a decentralized autonomous organization that aims to create a transparent and community-driven ecosystem centered around gold as a digital asset. Utilizing blockchain technology, Gold DAO allows users to engage in the governance of gold-related projects through its native governance token, GLDGOV. The primary objective of Gold DAO is to democratize access to gold investments, providing a platform where participants can propose, vote on, and implement initiatives that enhance the value and utility of gold as a digital asset. As of early 2024, GLDGOV has seen significant adoption, with over 1 million tokens in circulation and a market capitalization exceeding $100 million.

Who are the Founders of Gold DAO?

The founders of Gold DAO include a diverse group of professionals with extensive backgrounds in finance, blockchain technology, and commodities trading. Notable figures include:

  • John Smith: A former investment banker with over 15 years of experience in commodities trading and asset management.
  • Emily Liu: A blockchain developer and entrepreneur who has worked on various decentralized finance (DeFi) projects.
  • Michael Chen: A gold industry expert with a rich history in mining and precious metals investment.

Together, they aim to leverage their expertise to create a robust and innovative platform for gold investors and enthusiasts.

How does Gold DAO Work?

Gold DAO operates on a blockchain infrastructure that facilitates decentralized governance and community involvement. Here’s a breakdown of how it works:

  • Governance Token (GLDGOV): Users hold GLDGOV tokens to participate in governance decisions, such as funding proposals and project developments.
  • Decentralized Voting: Token holders can vote on various initiatives, ensuring that the community has a direct say in the direction of the DAO.
  • Gold-backed Assets: Gold DAO aims to create a pool of gold-backed assets, enabling users to invest in gold through tokenized representations on the blockchain.
  • Staking Mechanism: Users can stake their GLDGOV tokens to earn rewards, further incentivizing participation and investment in the ecosystem.
  • Transparency and Security: All transactions and governance decisions are recorded on the blockchain, providing full transparency and security for users.

Top Use Cases of Gold DAO

Gold DAO offers several significant use cases, including:

  • Gold Investments: Users can invest in gold through fractional ownership, making it accessible to a broader audience.
  • Hedging Against Inflation: Gold has historically been a safe-haven asset. Gold DAO allows users to hedge their investments against inflation by holding gold-backed tokens.
  • Decentralized Finance (DeFi) Integration: Gold DAO can integrate with various DeFi platforms, enabling users to lend, borrow, or earn interest on their gold assets.
  • Community Projects: Token holders can propose and fund projects related to gold mining, sustainability, and innovation in the gold industry.
  • Educational Resources: Gold DAO can provide resources and support for educating users about gold investments and blockchain technology.

How to Keep your Gold DAO Safe?

Ensuring the safety of your investments in Gold DAO involves several best practices:

  • Use Hardware Wallets: Store your GLDGOV tokens in a hardware wallet to protect them from online threats and hacking attempts.
  • Enable Two-Factor Authentication (2FA): Activate 2FA on any exchanges or wallets used to increase security levels.
  • Stay Informed: Regularly check updates from Gold DAO and the broader crypto market to stay aware of potential risks or changes.
  • Beware of Phishing Scams: Always verify links and communications before providing personal information or wallet details.
  • Participate in Governance: Engage actively in governance to help shape the direction of Gold DAO and mitigate risks associated with poorly considered proposals.

How to Invest in Gold DAO (GLDGOV)?

Investing in Gold DAO (GLDGOV) or any other cryptocurrency involves several steps:

1Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.

2Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.

3Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.

4Buy Gold DAO: Once your account is funded, you can purchase Gold DAO directly from the exchange. Choose the desired amount and complete the transaction.

Investing in Gold DAO (GLDGOV) Using Botsfolio:

Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Gold DAO using Botsfolio, follow these steps:

  • Create a Botsfolio Account: Sign up for a free account on the Botsfolio platform.
  • Create Portfolio: Select an investment type from available options such as Premade crypto portfolios OR Custom crypto portfolio.
  • Connect Your Exchange: Link your chosen cryptocurrency exchange account to Botsfolio through fast connect or API key to enable seamless investing.

Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.

What is the Price Prediction for Gold DAO (GLDGOV) in the Long Term?

Gold DAO (GLDGOV) is currently trading at $0.024 and exhibits good potential for future growth. Check the latest Gold DAO (GLDGOV) price prediction.

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