How was the idea for the UPXAU Token conceived?
The Universal Gold project has been in the making for some time. One of Uphold’s largest investors is a prominent goldbug, who has scoured the world for decades looking for an optimal gold solution.
Gold is expensive to hold, costly to trade and not easily accessible for people in many parts of the world.
When he brought the solution developed by The Perth Mint and Infinigold to the UP Alliance’s attention some months ago, we were excited to bring the product to a worldwide market.
We sincerely believe that UPXAU is the easiest and most cost-effective way for people everywhere to invest in gold.
For the avoidance of doubt, The Perth Mint does not guarantee the Universal Protocol Alliance issued Universal Gold (UPXAU) or its operation on the blockchain. The Perth Mint only guarantees the gold securely held by it that backs all GoldPass certificates.