Siren Gold is a revolutionary gold-priced cryptocurrency built on the Bitcoin SV blockchain. It was created to solve the lack of gold-backed cryptocurrency options currently on the market. With the current digital gold assets that exist, there has been limited price stability, and they have not been able to maintain proper liquidity within the market. Due to these shortcomings, Siren Gold has been introduced as a solution to these problems.
What makes Siren Gold stand out is its ability to provide a true gold-linked asset. Unlike other digital gold assets, Siren Gold is pegged to the launched gold price. Every Siren Gold token is created from a golden kilobar from the LBMA LNG (London Gold Market). The underlying commitment of the token is that it can be safely and securely converted at any time to the gold kilobar from the LBMA LNG.
The creation of Siren Gold provides a new way to look at gold trading. It’s estimated that the gold trading market is worth over $28 trillion. Siren Gold is looking to capture this massive market, as well as provide users with an asset class that is not subject to the volatility of cryptocurrency markets. Additionally, Siren Gold will allow its users access to a unique investment vehicle, one that is backed by gold but also has innovative features, such as decentralized gold trading, gold collateralized lending, options trading, and more.
Siren Gold is currently available for purchase on the Kraken Digital Exchange. It can also be stored at the ScandiCoin supply chain wallet. To learn more about Siren Gold and the features it provides, visit their website at www.sirengold.com.