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- 📣 Gate Square Creator Certification Is Officially Live!
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✨ Every lesson counts—join us on Gate Square and grow smarter together! - Dear Gate Square users, we’re excited to announce a brand-new upgrade to our user interface! The new version is simpler, smoother, and packed with many thoughtful new features. Update now and explore what's new! What do you think of the new Gate Square experience? Which features do you like most? Have you noticed any surprises or improvements? Share your experience now to split a $100 prize pool!
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CZ: Tokenizing gold is not the same as on-chain gold.
On October 23, CZ posted on social media that, “What I'm talking about is an obvious truth. Most people 'in the crypto circle' understand this, but most people 'not in the crypto circle' may not realize it yet. Tokenizing gold is not 'on-chain gold.' It is merely the tokenization of the idea that 'you trust a third party to give you gold at some future point'—even if their management has changed by then, perhaps decades have passed, or maybe it is during a time of war. This is essentially a 'trust me bro' type of token. That is exactly why no 'gold coins' have truly become popular.” Previously, cryptocurrency critic Peter Schiff revealed that he would launch a gold tokenization product. “You can buy gold through an app on your phone, and this gold will be stored in a vault. Then, you can easily transfer ownership of the gold to someone you know, or exchange it for physical gold.”