- Perth Mint Gold Token PMGT, launched in October 2018, is an ERC20 token developed and issued by Trovio formerly InfiniGold. - Each unit represents 1 fine troy ounce of physical gold securely stored in The Perth Mints central bank grade vaults. - PMGT is transferable peer to peer, and enables a #smart-contract proving your title of gold held at the Perth Mint.PMGT is 100% backed by gold held and stored in The Perth Mint’s central bank grade vaults, where the weight and purity of every ounce is guaranteed by the Government of Western Australia. - This makes PMGT the first goldbacked token on a public blockchain whereby the physical gold is government guaranteed.As PMGT is a tokenised version of GoldPass certificates backed by physical gold held in The Perth Mint’s inventory, the issuance of PMGT can seamlessly scale up to billions of dollars’ worth of tokens.Free of recurring storage or management fees, PMGT offers institutional investors a competitive alternative to traditional gold products, with the additional benefits of realtime 24/7 trading, a cryptographically secure instant settlement enabled by blockchain technology, and fewer intermediaries..
The cause may be that the coin is newly minted or has been delisted from the market. or trade in a decentralized market (Decentralized Exchange), etc. Please study more information again.
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