Quantum Metal Bullion (QMB) PTY LTD Australia has announced the launch of its Quantum Metal Gold Token ($QMGT) project, aimed at transforming the precious metals industry through advanced blockchain technology.
In partnership with Quantum Metal Digital Solutions Inc. (QMDSI), QMB leverages innovative corporate solutions to empower individuals and businesses. The $QMGT project simplifies and secures the process of owning, trading, and leveraging gold by utilizing blockchain technology, which enhances transparency, immutability, and accessibility.
Built on Web3 principles, the project aims to create a marketplace and decentralized financial platform for precious metals. This allows users to convert their expenses and purchases into gold seamlessly, enhancing QMB's existing global community model. Previously, QMB has enabled individuals and businesses to convert expenses into gold, turning purchases into investments. Users who buy gold from QMB can convert their holdings into 85% fiat currency to settle financial obligations while retaining gold as a hedge. With gold prices rising, users can potentially have their loanable gold pay for itself through appreciation. Despite its success, generating nearly $500 million in gross sales in 2023, the model has been hampered by legacy-based processes.
The $QMGT project addresses these inefficiencies by integrating QMB's existing model with blockchain technology and decentralized finance (DeFi). This integration 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."
The 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.
