Quantum Metal Bullion Unveils $QMGT Project, Integrating Web3 Technology with Precious Metals Ownership
July 10th, 2024 7:00 PM
By: Advos Staff Reporter
Quantum Metal Bullion (QMB) PTY LTD Australia has launched the Quantum Metal Gold Token ($QMGT) project, combining blockchain technology with gold trading to revolutionize the precious metals industry. This initiative aims to provide a secure, transparent, and decentralized platform for gold ownership and investment.
Quantum Metal Bullion (QMB) PTY LTD Australia has officially launched the Quantum Metal Gold Token ($QMGT) project, marking a significant advancement in the precious metals sector. Through its partner, Quantum Metal Digital Solutions Inc. (QMDSI), QMB leverages state-of-the-art technologies and innovative corporate solutions to empower individuals and businesses in the industry.
As a pioneer in blockchain technology, QMDSI is transforming the precious metals industry with its cutting-edge advancements. The $QMGT project offers a simplified and secure method to own, trade, and leverage gold using blockchain technology, which enhances transparency, immutability, and accessibility.
Building on Web3 principles, the $QMGT project aims to create a precious metals marketplace and decentralized financial platform. This allows users to seamlessly convert their expenses and purchases into gold, enhancing the existing QMB global community model. Quantum Metal Bullion has promoted financial empowerment by enabling individuals and businesses to turn their expenses into gold, turning purchases into investments.
Users who buy gold from QMB can convert their holdings into 85% fiat currency, settle financial obligations, and still retain gold as a hedge. As gold prices rise, users can potentially have their loanable gold pay for itself through appreciation. While this model has been successful, generating nearly $500 million in gross sales in 2023, it has been burdened by legacy-based processes.
The $QMGT project addresses these inefficiencies by integrating QMB's proven model with blockchain technology and decentralized finance (DeFi). This enables seamless platform scaling, process improvement, and enhanced investor confidence through transparent and secure transactions.
"We are thrilled to unveil the $QMGT project, a significant leap forward in the precious metals sector," said Dato Lim Khong Soon, Founder of Quantum Metal Bullion PTY LTD. "By combining our gold trading expertise with QMDSI's cutting-edge blockchain solutions, we are opening new possibilities for gold ownership and investment."
Erwin Carmelo T. Escudero, Chairman of Quantum Metal Digital Solutions, added, "The $QMGT project demonstrates our commitment to innovation and our belief in Web3 technology's transformative power. We are excited to create a unique ecosystem that empowers individuals and businesses."
Key features of the $QMGT project include:
Gold-backed Token: Each $QMGT token is backed by physical gold held in secure vaults, ensuring transparency and trust.
Web3 Ecosystem: The project includes gold trading, e-wallets, and DeFi platforms, all built on a blockchain foundation.
Regulatory Compliance: $QMGT adheres to the highest regulatory standards, ensuring a safe and compliant environment for users.
Community-Driven: The project actively engages with and fosters a thriving community of gold enthusiasts and investors.
For more information about the $QMGT project, please visit QMGT.io.
Website: https://qmgt.io/
Source Statement
This news article relied primarily on a press release disributed by BlockchainWire. You can read the source press release here,
