Since the beginning of the year, positive sentiment in the cryptocurrency market has declined consistently. This has been due to a series of events from Do Kwon’s Terra collapse, which led to a $45 billion loss in the market, to Voyager’s bankruptcy filing and the unexpected fallout of FTX.
Additionally, there have been several hacks on DeFi protocols, with October seeing the highest number of attacks on crypto projects worldwide.
This has led many investors to shift away from highly speculative metaverse-based tokens such as Apecoin (APE) and Decentraland (MANA) in favor of tokens such as Golteum (GLTM) with the potential to offer high rewards.
Now is the time to check out Golteum (GLTM)
Golteum’s vision is to revolutionize the gold industry by providing Web3 access to the world’s oldest reserve currency, gold. Through Golteum, holders of its gold-backed NFTs are offered a sense of ownership over the digital assets as well as gains from the value of the underlying asset, gold. In order to achieve that, Golteum has officially teamed up with Fireblocks. To support their mission in launching a top-tier trading platform, they’ve chosen to integrate the Fireblocks Web3 Engine. This includes custody services, treasury management, risk mitigation tools, and their highly anticipated tokenization mechanism for the handling of all gold NFTs.
A gold-backed asset is of significantly high value. Gold has been around for tens of thousands of years and has been used as both means of exchange and a store of value. The long existence of gold, paired with its characteristics, offers an answer as to why it remains a valuable asset. In trying financial times like the one we are in, gold has proven to be recession-proof, providing to its holders security.
GLTM is the native token that powers the entire Golteum ecosystem. Since the private sale, its value has increased from 0.07$ by over 85% to 0.13$, and experts have predicted that holders would see north of 350% gains upon the conclusion of the final pre-sale round in addition to the 20% bonus holders have already received.
GLTM offers various utilities to holders that new investors can benefit from. In addition to providing fee discounts and subscriptions to holders, they can also stake it to earn APRs that exceed market rates when Gotleum launches its staking feature.
Further, the smart contract that powers GLTM has been audited and verified by Certik, a leading blockchain security expert.
Metaverse tokens do not stand a chance
As the broader financial and cryptocurrency markets continue to decline this year, metaverse-based projects have suffered a fall in the number of active users. This has culminated in the value of metaverse-based tokens such as APE and MANA.
At $4.28, APE traded at an 89% decline from its all-time high of $39.40, which was attained in March.
As regards MANA, since it registered an all-time high of $5.90 in November 2021, its price has since dropped by 93%. This year alone, its value has gone down by over 90%.
Find Out More About The Golteum Presale
Website: https://www.golteum.io
Presale: https://presale.golteum.io/register
Whitepaper: https://golteum.io/GolteumWhitepaper.pdf
Telegram: https://t.me/golteum
