In a very exciting announcement, Golteum has joined Chainlink via the BUILD program which would allow it to leverage both technical and marketing support provided by Chainlink.
Golteum is a blockchain-based platform that enables tokenizing physical gold and other precious metals, allowing users to own, trade, and digitally store tokens backed by precious metals.
It provides a secure and transparent ecosystem where individuals can easily access and invest in precious metals without fearing volatility or losing their prized assets. It has a utility token called GLTM, which is used to access the platform and all its other features.
Golteum aims to be a trusted trading platform and a more accessible avenue for precious metals investing, which drove its alliance with Chainlink.
As a term of the BUILD agreement, Golteum will allocate 4% of its native token supply to the Chainlink community and its service providers, including stakers. This symbiotic economic model fosters support between the Golteum and Chainlink communities, aligning their interests for mutual benefits.
Chainlink’s proof of reserve mechanism will seamlessly integrate with Golteum’s supplier network, enabling continuous & real-time verification of reserves. By utilizing Chainlink’s Industry leading Oracle framework, Golteum gains access to reliable and accurate pricing data for precious metals, facilitating the swift adoption of physical assets on the blockchain.
Additionally, Golteum gains access to Chainlink’s alpha and beta releases, empowering them to explore and utilize the latest advancements in Chainlink’s product offerings.
By harnessing the power of Chainlink’s robust services, Golteum unlocks a range of integration benefits that elevate its platform to new heights.
One key advantage lies in Chainlink’s decentralized oracle network, which safeguards data feeds and introduces randomness through independent nodes. This multi-node approach minimizes the risk of a single point of failure, enhancing the overall security and reliability of Golteum’s gold token ecosystem.
Through the automation capabilities of Chainlink, Golteum streamlines crucial processes within its smart contracts, reducing the need for manual intervention and optimizing operational efficiency. This automation not only enhances platform performance but also delivers an improved user experience.
Moreover, Golteum leverages Chainlink’s Verifiable Random Function (VRF), ensuring the creation of secure and verifiably fair random numbers. This feature is particularly valuable for applications that require unpredictability, such as conducting transparent giveaways or running unbiased lotteries. By integrating Chainlink VRF, Golteum guarantees the integrity of such processes, providing users with a transparent and tamper-proof experience.
To reinforce its security measures, Golteum’s smart contract has undergone rigorous scrutiny and certification by Certik, a leading blockchain security company. Additionally, Golteum boasts a highly capable team comprising specialists and strategic consultants, with six team members having completed Certik’s KYC process and earning the esteemed Silver badge.
To further enhance security and custodial services, Golteum is working with Fireblocks, a trusted blockchain infrastructure provider, ensuring the safe storage of funds on the platform.
Through these strategic collaborations and cutting-edge integrations, Golteum sets itself apart, establishing a robust and secure ecosystem that instils confidence and empowers users to embrace the future of digitized precious metals investments.
Don’t miss out on this extraordinary opportunity to participate in Golteum’s events before launch and be part of the future of precious metals tokenization.
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