About CGLD
Collective Finance has developed a unique token concept, the “C-Token”, which is a tokenized, asset-backed, and over-collateralized commodity representation. The first C-Token to be put into circulation will be CGLD, a fully backed gold token valued at 1 gram of gold. Each CGLD token is 100% backed by PAXG sitting in a Multi-sig Vault. CGLD will be provided with a floor price (1 troy gram of gold) which is collateralized, but will not be priced fixed and thus can fluctuate based on demand. Collective Finance will maintain the goal of keeping the CGLD as close to the floor price (1 gram of gold), with the understanding that should the price of CGLD fall below the floor price, it will be trading at a discount to its Net Asset Value (the PAXG collateral held in the Vault). Likewise, the value of CGLD could also rise above the floor price, based on demand and yield earning potential. This unique opportunity will provide participants with the chance to not only gain yield-earning exposure to gold but also the chance to get this exposure with price upside while at the same time maintaining a known floor value based on the over-collateralization.
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Frequently Asked Questions
What is the all-time high price of Collective Finance (CGLD)?
Read MoreThe all-time high of CGLD was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Collective Finance (CGLD) is 0. The current price of CGLD is down 0% from its all-time high.
How much Collective Finance (CGLD) is there in circulation?
Read MoreAs of
, there is currently 0 CGLD in circulation. CGLD has a maximum supply of 0. What is the market cap of Collective Finance (CGLD)?
Read MoreThe current market cap of CGLD is 0. It is calculated by multiplying the current supply of CGLD by its real-time market price of 61.65.
What is the all-time low price of Collective Finance (CGLD)?
Read MoreThe all-time low of CGLD was 0
, from which the coin is now up 0%. The all-time low price of Collective Finance (CGLD) is 0. The current price of CGLD is up 0% from its all-time low. Is Collective Finance (CGLD) a good investment?
Read MoreCollective Finance (CGLD) has a market capitalization of $0 and is ranked #4660 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Collective Finance (CGLD) price trends and patterns to find the best time to purchase CGLD.