ZenGold is the very first project developed on Metaverse Blockchain. The token generation for the project is called ZenGold and is referred to as ZNG. Each ZNG token represents one gram of gold stored in a vault. Users can make use of smart coin contracts on the Metaverse Blockchain to generate gold tokens for ZNG.
Using the Metaverse Blockchain users can also destroy and pick up physical gold at any time or place. Users need to transfer targeted digital assets to customized smart coin contracts via the ZNG app. The system will then automatically produce a ZNG token in accordance with the newest market prices of Bitcoin and gold.
In addition, users are able to destroy tokens via transferring ZNG token to targeted smart destroy contracts and sign script to prove ownership of the destructed transaction by using a private key to withdraw physical gold.
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