As the world’s gaze is again positive on crypto, tokenized gold continues its glorious pace of adoption. With many drivers for growth, tokenized gold assets enjoy popularity as a means of exchange, store of value, and profitable investment instrument. Besides, tokenized gold resolves the operational value challenge of physical gold, thus giving it a more pronounced role in the global financial market.
Clinq.Gold is one of the innovative projects that allows individual citizens to save gold in local currency via their mobiles and routing payments back to Central Banks — effectively helping Central Banks fill their gold reserves and monetize gold held in central banks by creating a digital twin if required for international trade with participating countries.
As the project is moving to its official launch, we’d like to share some recent activities and the backstage of our progression to the Clinq ecosystem’s deployment.
About Clinq.Gold
How does Clinq.Gold tune into the present-day crypto market and the tokenized gold niche? We’ve chosen the contribution to financial inclusion and improved trade across the African continent as our project’s primary mission and focus. The reason for such a choice is the need to support African economies on their path to economic stability, which can be attained only with joint international effort and robust, innovative technology integration.
The mobile payments market has been rapidly growing throughout 2022-2023, but it still represents huge business opportunities for tech-savvy, innovative startups. Clinq.Gold wants to tap into the fast-growing African market to provide interchangeable gold-backed assets for safe digital payments and investments, which can become the primary instrument for digital innovation across Africa. Since gold-backed tokens can’t depreciate like other crypto assets, they are much safer for consumers and offer a stable, robust means of exchange for multiple purposes.
Clinq.Gold differs from many other gold-backed token projects in that it welcomes interested businesses and governments to become partners in token issuance activities. Any entity with a verified gold reserve can join the Clinq.Gold community as an Issuing Authority (IA) to encourage the African payment market to grow and earn a fair share of revenue from its tokens’ circulation. Therefore, the project represents a new solution in the digital gold industry, with state-of-the-art features and advantages for all stakeholders.
Our MVP
2024 is the decisive period for the Clinq.Gold project’s technical architecture, with many mission-critical aspects of the ecosystem currently in the works. Our experts are working on the MVP that will be released for user evaluation in the coming months, with further QA testing, fine-tuning, and cybersecurity polishing to follow.
At present, our team’s efforts are directed at the introduction of technical features that will make the solution compliant across African jurisdictions, factoring in the complex patchwork of local taxation and law enforcement regulations. The solution should also be BRICS-ready, as many African states and other BRICS member states may benefit from the project’s financial innovation tools.
Fundraising Activities
The project is also undergoing an active fundraising campaign aimed to garner support among innovation-focused investors, venture capital firms, potential IAs that will join the ecosystem at the early stage of its development, and institutional funds. We’re currently in the middle of the Seed A round, which promises new exciting partnerships and solid support for further development.
Increasing the Project’s Outreach
The project’s leaders are actively spreading word of mouth about Clinq.Gold and its unique value for the African business environment and digital payments system. The company’s CEO has recently attended the AIBC conference – a global gathering of businesspeople interested in AI and blockchain innovation. It is a great platform for showcasing emerging technologies and solutions in the AI, crypto, and blockchain niches, which helped us encourage stakeholder interest in Clinq.Gold potential.
Clinq.Gold’s leaders were also present at FiNext Dubai – the world’s known hub for networking and digital innovation presentations. We’ve managed to increase the visibility of our solution and attract several key investors and early adopters for the project.
What’s Ahead in 2024
With the project’s multiple development phases currently in progress, we’re very excited to move on and let our dedicated followers evaluate the MVP approaching release. This stage will be a considerable milestone for Clinq.Gold’s entry into the tokenized gold niche with many beneficial features and ownership advantages for all kinds of stakeholders.
The project’s CEO is also planning a performance at the Invest in Africa conference scheduled for April 2024 in the Netherlands. There, we plan to establish several strategic partnerships with African businesses and create a favorable ground for entry into the African digital payments market as a provider of safe, robust, and transparent payment solutions. 2024 has much in store for Clinq.Gold, and we’ll see what comes next!
CEO & Founder at Clinq.Gold, Bank of Bullion | Keynote Speaker