The Midas Touch Gold (TMTG), a Korean cryptocurrency token backed by real gold reserves in Korea, has announced its collaboration with Coinzip.co, an easy-to-use digital currency exchange. TMTG has been available on Coinzip.co since September 2018, giving users a safe ecosystem to use other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to buy, sell, or trade TMTG on Coinzip.co.
“We at TMTG thought deeply about how virtual money could bring value to the everyday lives of many people,” said Mr. Nathan Ryu, CEO of Digital Gold Exchange (DGE). “As the result of our extensive research, we decided to focus on Gold, which is widely used and recognized globally as monetary and property assets.”
Part of TMTG’s mission is to establish an ecosystem with a virtual currency that has a value that can be directly traded for actual goods. Coinzip.co was its partner of choice, which is a global virtual money exchange that currently trades the major coins such as BTC, ETH, Bitcoin Cash (BCH), Litecoin (LTC) and now, TMTG.
TMTG is a utility token primarily meant to purchase digital gold, which is pegged with actual gold; as such, TMTG is associated with a real asset. With TMTG available on Coinzip.co, users will have a digital trade ecosystem that allows tangible resources, gold, to be easily traded for virtual money in a digital environment using a secure platform on a blockchain network.
“TMTG aims for a hyperconnected society and has worked hard to construct an ecosystem that achieves effective values of real assets through decentralized block chain,” said Ryu. “Through our collaboration with Coinzip.co, we are able to expand our reach to a broader market, providing more users with access to an easy-to-use cryptocurrency exchange where TMTG can easily be bought, sold, or traded.”
In the Philippines, adoption of cryptocurrency has been growing rapidly over the past two years. Recent data from the Bangko Sentral ng Pilipinas indicate that trading volume between cryptocurrencies and the Philippine peso has been inching towards the $40-million mark in the first quarter of 2018.
Users who acquire TMTG tokens through Coinzip.co can then be used on the Digital Gold Exchange (DGE) Platform to purchase Digital Gold Bars, or to trade with other users. They can also be transferred to another user’s wallet.
The TMTG ecosystem allows trade between virtual currency and actual goods. Because TMTG works only with reliable companies, promotes real-time sharing of information of trade and market price worldwide and assures fairness and transparency of all transactions and contracts, all participants will be given the opportunity to make reliable and logical transactions to become profitable.
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