Tokenizing Real Gold Backed By Blockchain Technology

Our client ran several gold mines in Myanmar and wanted to adopt a crypto-application to liquidate their gold production. In essence, they required us to convert real gold to digital assets – Myanma Gold Coin (MGC), on the blockchain.

Ekotek tackled the project with our team of experts in business, development, and software testing & quality assurance. The team chose Ethereum, ERC20, NodeJS, and PHP as the primary tech used for this cryptocurrency project.

We also developed the maintenance and management of gold-converted-MGC by blockchain technology.

Information regarding the mining process would be loaded and recorded on the blockchain, lending the coin credibility with uninterrupted data.

A hardware wallet was also part of the development project to help users store, retrieve, and trade their MGCs.

The unique Myanmar Gold Coin successfully went live after 3 months of development.

Subsequently, the cryptocurrency blurs the line of physical and digital assets for a new & improved liquidity approach for their gold production.

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