Apraemio’s Gold-backed Token APRA Starts Trading on BitMart Crypto Exchange

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As a seasoned researcher with a knack for exploring the intricacies of the blockchain and finance world, I find the debut of APRA token on BitMart particularly intriguing. With my background in both fields, I’ve seen my fair share of cryptocurrencies backed by real-world assets, but Apraemio stands out with its unique approach.

The Apraemio-issued digital currency token, APRA, making its entrance onto the prominent centralized cryptocurrency platform, BitMart, is supported by actual gold reserves located in Mali, Africa.

APRA token now available for trading on CEX BitMart

According to Apraemio, APRA is known as the initial real-world-asset token that has a growing stockpile of real-world assets serving as its backing. This makes it a potential member of a potentially emerging class of deflationary Real-World Asset (RWA) tokens, as suggested by experts.

Regarding the project at hand, Dr. Zoltan Varga, CEO of Apraemio, highlighted its distinct nature and transformative impact on the Real-time Web Analytics (RWA) sector.

Unlike most other gold-backed tokens, Apraemio stands apart by having its backing rooted in continually expanding physical gold reserves sourced directly from Mali, Africa. This unique aspect signifies that we do not merely offer another gold stablecoin, but instead, provide an opportunity for individuals to gain access to the profits generated by a genuine gold mine operation.

Instead, while tokens like Pax Gold and XAUT from Tether Limited currently offer direct ownership of gold through a 1:1 ratio, APRA provides access to a growing gold reserve. All token holders have the option to redeem this gold in the future.

Although research regarding the contents of the said mine is still ongoing, recent findings suggest extensive reserves of at least 13 tons of gold, which would translate to north of $1 billion in the current gold price. 

More announcements for the APRA community to come

In the Mali’s Komassala Sud region, the company responsible for managing gold mining and exploration, GGS, has made substantial progress, uncovering approximately 13 metric tons of verified gold deposits within just 1.2 square kilometers of the licensed 65 square kilometer area.

This reliable result underlines the region’s vast untapped potential and sets a strong foundation for the 2024 drilling program

As Real World Asset (RWA) tokens grow in popularity within the cryptocurrency sector, they are set to revolutionize conventional investment in tangible assets by merging blockchain’s transparency with the security of real-world assets. Apraemio offers a unique perspective on tokenized assets, but it remains uncertain whether the market will embrace this fresh strategy.

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2024-11-25 19:18