About Golden Token
GOLDEN TOKEN is a one of a deflationary Token. The rules are simple. There were originally 1,000,000 GOLD in existence. Each time a GOLD is transferred, 1% of the transaction is destroyed. The recipient will get 99% of the transaction amount. So that every time a transfer token occurs, it will reduce global supply.
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Market Stats
Market Cap
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Performance
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Volume (7D)
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Overall Price Change (1Y)
Additional info about Golden Token
Recent trends
The current price is $0.0019 per GOLD with a 24-hour trading volume of $0.00.
Market details
GOLD vs markets
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GOLD vs BTC
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GOLD vs ETH
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Tags
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x34D6A0F5C2f5D0082141fE73d93B9dd00ca7CE11 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0019 | NaN% |
1 Day | $0.0019 | 0.00% |
1 Week | $0.0019 | 0.00% |
1 Month | $0.0019 | 0.00% |
1 Year | $0.0053 | 0.00% |
FAQ
Golden Token (GOLD) is a distinct digital asset that identifies itself as a self-destructing token. This novel concept in the cryptocurrency space strives to introduce a different approach to tokenomics. Unlike traditional cryptocurrencies, Golden Token's unique feature is its self-destructing mechanism, which adds a new layer of dynamics to its market behavior. It's important to clarify that the term "self-destructing" does not imply any negative connotations; instead, it refers to a unique feature of the token's design.
Golden Token operates on the principle of self-destruction, a unique mechanism in the world of cryptocurrencies. While the specifics of this mechanism may vary, the general idea is that a portion of the token is removed from circulation over time. This process seeks to create a dynamic supply model, which can potentially influence the token's value. However, it's crucial for potential users to understand that the self-destruction mechanism does not guarantee any specific outcomes in terms of value appreciation. The market forces of demand and supply ultimately determine the token's value.
The potential use cases for Golden Token are largely tied to its unique self-destructing feature. This characteristic could make it an interesting asset for those who seek to explore different dynamics in the cryptocurrency market. It's important to note that while Golden Token introduces a unique concept, its practical applications are subject to market acceptance. As with any cryptocurrency, potential users should conduct thorough research and understand the project's specifics before engaging with it.
The history of Golden Token is not explicitly detailed in the provided information. However, it's clear that the project's defining feature is its self-destructing mechanism, which sets it apart from many other digital assets in the cryptocurrency space. This unique approach to tokenomics strives to introduce a new dynamic to the market, potentially influencing the token's value over time. As with any cryptocurrency, the evolution of Golden Token is subject to market forces and user acceptance.
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.