Puregold token is an Ethereum-based payment gateway backed by physical gold. Puregold offers two digital tokens, PGT and PGG, running on two separate ledgers. PGG works through a digitized crypto asset whose cryptocurrency value is based on physical gold. Puregold sets PGG at the current market price for physical gold. The company uses physical gold (of 999.9 quality) as its security. Puregold’s gold reserves equal or exceed its circulated amounts of PGG.
