Quorium is a blockchain-based platform that aims to reintroduce gold as a practical and secure medium of exchange in the modern financial landscape. Historically central to monetary systems, gold has been replaced by sovereign currencies that initially maintained a gold standard but have since diverged into independent fiat systems. While representative paper money enhanced the usability of gold by facilitating division, storage, and transport, it also introduced issues of trust and counterparty risk due to the potential for over-issuance. ^[1]

Overview

Quorium's QGOLD stablecoin is aimed at investors seeking exposure to gold without the complexities of physical ownership. This includes individuals looking for an alternative to traditional gold investment methods, such as the London bullion market, exchange-traded gold products (ETFs, ETNs, CEFs), and gold derivatives (futures, options). QGOLD provides a liquid and cost-effective way to access the value of physical gold while avoiding the burdens of storage, transfer, and verification typically associated with owning physical gold. ^[1]

Tokenomics

Quorium Token ($QGOLD)

QGOLD is a gold-pegged stablecoin, offering stability by being pegged to the price of gold. This ties its value to a reliable asset, providing a stable digital currency with reduced volatility compared to cryptocurrencies or fiat. QGOLD combines the benefits of fast, low-cost transactions with the security of gold. ^[1]

Use Cases

QGOLD

QGOLD is a gold-pegged stablecoin designed to address the limitations of physical gold by offering a digital representation with enhanced mobility and liquidity. It aims to facilitate seamless ownership and transfer of value associated with gold, overcoming the challenges of storage and transaction costs.

QGOLD also broadens access to gold as an investment asset by providing smaller, more affordable denominations. Its potential utility includes serving as a sovereign-neutral monetary unit with significant price stability, combining qualities of both gold and cryptocurrencies like Bitcoin. This enables individuals to use QGOLD as a basis for trade and investment, offering a modern alternative to traditional gold-backed systems.

Key Metrics

• Starting Supply: 84,000 QGOLD, with each token backed by one troy ounce of gold.
• Exploration Scope: One mining area with exclusive rights and verified resource ownership.
• Additional Tokenization: Potential for tokenizing resources, ensuring value and security with available assets.
• Gold-Backed Stability: QGOLD's value is tied to gold, offering enhanced stability and security. ^[1]