Openverse Network price

FAQ About BTG

• What is the primary function and utility of the $BTG token?

  $BTG is the native utility token of the Openverse Network. It serves multiple roles:
  1) Network Fuel (paying for near-zero transaction fees;
  2) Collateral (staking $BTG to mint ecosystem assets like stablecoins;
  3) Governance (voting on protocol upgrades and validator nodes.

• What are the key details of $BTG tokenomics, including the total supply?

  The $BTG token has a fixed maximum and total supply of 20 Million tokens. The limited supply, combined with the token's necessity as collateral and network fuel, is designed to ensure long-term scarcity and economic stability for the Value Internet infrastructure.

• What is the BTG token used for?

  The BTG token is the core of the Bitgold ecosystem. Its primary utilities include:
  Digital Gold Ownership: Representing direct, fractional ownership of physical gold.
  Cross-Border Transactions: Enabling fast, low-cost, global transfers of gold value.
  Collateral: Used as a highly stable and reliable form of collateral in DeFi protocols for lending and borrowing.
  Store of Value: Serving as a hedge against inflation and market volatility, much like physical gold.

• What are the main risks of holding BTG?

  As with any asset-backed cryptocurrency, primary risks include:
  Custodial Risk: The potential, though mitigated by insurance and reputable partners, of issues with the vaults storing the physical gold.
  Smart Contract Risk: Vulnerabilities in the protocol's code.
  Regulatory Risk: Changing laws governing digital assets and gold-backed securities.
  Gold Price Volatility: While stable, the value of BTG will fluctuate with the global market price of gold.

• What factors influence the price of BTG?

  The price of BTG is primarily influenced by:
  Gold Spot Price: As a gold-backed token, the most significant factor is the live market price of physical gold (XAU).
  Market Sentiment: Overall trends in the cryptocurrency market, especially Bitcoin's performance, can impact investor behavior.
  Supply and Demand: Changes in the circulating supply of BTG or shifts in demand for gold-backed assets as a safe-haven investment.
  Protocol Developments: News related to Bitgold, such as new exchange listings, partnership announcements, or upgrades to its Proof-of-Reserve system.

• Is BTG a stable investment?

  BTG is designed to be a stable store of value relative to the price of gold, not a fiat currency. This means it is less volatile than most cryptocurrencies but will still fluctuate based on the gold market. It serves as a potential hedge against inflation and crypto market volatility. However, like all assets, it carries risk, and its value can go down. Always conduct your own research before investing.