Introducing Bity Gold

A new platform to buy and own gold bars through blockchain technology.

3 min readOct 29, 2024

Today marks the unveiling of Bity Gold, a primary marketplace to buy physical gold bars through Gold NFTs that seamlessly merge the timeless value of gold with the cutting-edge capabilities of blockchain technology. As we gear up for our soft launch on October 29th, 2024, we’re excited to share our vision, roadmap, and what you can expect from this innovative venture.

The Vision Behind Bity Gold

With over a decade of trusted service, Bity has established itself as a reliable and legitimate pillar in the financial industry. Just as gold has long symbolized wealth and stability, Bity’s 10-year history reflects this enduring value. However, accessing and trading gold assets has often been cumbersome and inaccessible for many. Bity Gold aims to democratize gold ownership by introducing GLD NFTs, followed by GLDT tokens, making gold trading more accessible, transparent, and efficient.

Understanding GLD NFTs and GLDT with Gold DAO

GLD NFTs: Each GLD NFT represents ownership of a specific physical gold bar, securely stored and audited. By leveraging blockchain technology, these NFTs provide a transparent and immutable record of ownership, allowing for physical ownership and easy transferability.
GLDT Tokens: After purchasing GLD NFTs, investors can keep the gold bars in the wallet or convert them into GLDT Tokens via Gold DAO. GLDT is a fungible token that represents gold in a divisible and easily tradable form. GLDT tokens are minted by swapping GLD NFTs for GLDT within the GLDT swap web app, governed by the Gold DAO. This process offers greater liquidity and flexibility. Essentially, holding GLDT tokens isa way to hold gold-backed assets in a fungible form, facilitating easier trading and exchange without dealing directly with the underlying physical assets.

Timeline and Features

Our soft launch will progressively roll out essential features to ensure a smooth user experience.

Version 1.0: Introducing the new feature on the Bity website, where users can now buy and sell gold.
Version 2.0: Automated Buyback , designed to enable smoother and more efficient transactions.
Future Updates (To Be Confirmed): Expanded cryptocurrency support, allowing the purchase of GLD NFTs using a variety of cryptocurrencies.

Soft Launch Phase

The first phase of the launch, spanning approximately one month, is crucial for:

Testing and Debugging: Identifying and resolving any issues in a controlled environment.
Gathering User Feedback: Refining the platform based on user insights.
Ensuring Robust Security: Implementing rigorous security measures to safeguard user assets and data.

Looking Ahead: Phase 2

A full-scale launch of Bity Gold is planned by the end of November 2024, which will introduce the automatic buyback feature. This milestone will unlock the platform’s full potential, offering users an unparalleled gold trading experience.

How Bity Gold Transforms Gold Trading

Accessibility: Tokenizing gold removes traditional barriers, enabling more people to invest in real gold assets from all around the world.
Transparency: Blockchain technology ensures transparent and immutable transaction and ownership records.
Liquidity: GLD NFTs and GLDT tokens can be easily traded, providing liquidity that physical gold often lacks.
Security: Enhanced KYC and blockchain security protocols protect investments.

Get Involved

Explore the Platform: Visit our https://gold.bity.com/en on launch day to discover Bity Gold’s new features and experience seamless gold trading.
Provide Feedback: Share your experiences and suggestions to help us improve.
Stay Updated: Follow our social media channels and subscribe to our newsletter for the latest news.

Final Thoughts

Bity Gold is redefining how we perceive and interact with gold assets. By combining the reliability of gold with the innovation of blockchain, we’re opening new doors for asset trading.

Thank you for your continued trust and support over the past 10 years.