Element 79 Gold is a gold-focused blockchain startup based in Toronto, Canada. The company was founded by industry veterans Ray Yousef and Graham Jen, who have decades of experience in the gold market combined with a passion for blockchain technology.
Element 79 Gold has developed a unique blockchain platform which utilizes a proprietary algorithm to provide real-time pricing of gold and other precious metals. This offers buyers and sellers the opportunity to get a more accurate and transparent pricing to facilitate gold transactions.
The interface for the platform is user-friendly and intuitive and provides users with access to the live gold prices. It also offers historical data and charting, making it a great tool for gold traders and investors.
Element 79 Gold is a member of the Online Gold Economic Network (OEGN). This global network provides buyers and sellers with greater liquidity and trust. As part of the network, Element 79 Gold is obligated to adhere to high standards of compliance for efficient transaction processing.
Utilizing blockchain technology, Element 79 Gold is also developing a secure vaulting solution for storing physical gold. The system is designed to store gold tokens securely off-chain in a secure vault. This ensures that buyers and sellers can safely store their gold assets and exchange them with confidence.
Element 79 Gold’s founders firmly believe that blockchain technology is the future of gold trading, and that their platform will provide a way to efficiently and effectively transact in gold. Element 79 Gold’s goal is to democratize access to gold trading, and make it easier, more secure, and more transparent for all parties involved.