Bitgold - Native asset token

What is Bitgold

As the global asset master currency, Bitgold's role is to produce bitcurrencies, currency securities, universal tokens, spatiotemporal tokens, etc. by pledging Bitgold, serving as the underlying layer of these digital assets. It is similar to real estate built on land and can be borrowed from banks; It is also like the Gold standard assets of early money.

Bitgold effect

1. Becoming a bottom tier asset: By pledging Bitgold, stock securities, currency securities, universal tokens, and spatiotemporal tokens can be produced as value endorsements;
2. Exchange medium: All assets can generate decentralized transaction pairs with Bitgold, achieving an unrestricted universal deposit and withdrawal system;
3. Credit protection: With the increase of assets in the system, having a Bitgold account will also increase the credit value;

Bitgold supply - 200000000

According to 2023 data provided by the World Gold Council, since human civilization, the world has mined 208874 tons of gold [ https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold ](208874000 kg, with an annual increase of approximately 3000 tons). From a mathematical perspective, we have taken a number of the same size, setting the total number of BTGs issued to 200000000, 200 million, which is constant. All developers should give priority to the movement of decimal places, and should never consider changes in numerical values.

• Jewellery ~95,547t, 46%
• Bars and coins (including gold backed ETFs) ~46,517t, 22%
• Central banks ~35,715t, 17%
• Other ~31,096t, 15%
• Proven reserves ~52,000t

Bitgold Issuance Mechanism

Bitgold is pledged by Bitgold to the verification node for mining output.
In the first year of mining, the output was 17.19 million pieces, with a decay rate of 0.618 every four years.
The mining was completed in about 32 years.

Bitgold distribution

10 million: founding team, with a linear release of 20 years after the main network is launched for 10 years;
20 million: Utopia Foundation, released linearly over 20 years after 10 years of main network launch;
30 million: Private institutions, including capital, media, and ordinary individuals, IDO will be immediately released;
40 million: Sovereign state reserves, with each sovereign state holding 1 million, to be released immediately upon accession;
100 million: Long term pledge income for approximately 30 years;

Bitgold visual resources

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