Gold Token (GLDT) is a token representing exactly 0.01 grams of physical gold, backed 1:1 by locked GLD NFTs — non-fungible certificates for verifiable gold bars — enabling seamless fractional ownership, microtransactions, and DeFi composition without the divisibility limitations inherent in pure commodities.
It is minted at a 1:100 ratio (1 gram of GLD NFT yields 100 GLDT) through GLDT Swap canisters, where NFTs are securely locked in smart contracts. GLDT charges a minimum transfer fee of 0.01 GLDT, which goes to the Gold DAO treasury for governance decisions, while holders can reverse the exchange to redeem equivalent NFTs and request delivery of physical gold stored in Swiss Loomis vaults and audited by KPMG.
