Dogecoin (CRYPTO: DOGE) is up 6% after closing above $0.10 for the first time in weeks as Dogecoin Cash Inc. announced it is developing Dogecoin Gold, a planned token that would link digital assets to physical gold reserves.
Dogecoin Cash Announces Gold-Backed Token Plan
Dogecoin Cash Inc. proposed a framework where one billion tokens would equal one gram of physical gold.
The system would create tokens only when gold enters custody and remove them from circulation upon verified redemption.
“We are evaluating a framework that seeks to integrate verifiable ownership of physical gold with blockchain-based auditability and precision,” management said in a statement.
“The objective is to determine whether a system can be structured in which real-world assets, mathematically defined units, and transparent digital infrastructure operate within a disciplined and verifiable environment,” they added
The initiative remains in the development phase with no tokens issued or timeline …