EatTheBlocks Forum

Tokenising Milligram Electronic Gold Bonds

Hi EattheBlock Community,
Greetings from Lucky, Bangalore, India. Here, in India we have 25,000 Metric Tons of Family/ Temple Gold Jewels :ring::ring::gem::gem::ring::ring::gem::gem:worth around US $ 1.7 Trillion. If the Market Value of Each Milligram of 22K Gold is :us_outlying_islands::us_outlying_islands::us_outlying_islands:USD 0.060 / :eu::eu::eu:EUR 0.0550 / :switzerland::switzerland::switzerland:CHF 0.0500 / :singapore::singapore::singapore:SGD 0.0900 /:india::india::india: INR 05.00, how many ERC 1155 Tokens :desktop_computer::desktop_computer::desktop_computer:are needed to Tokenise & Monetize 25,000 Metric Tons of Gold.
These have practical utility in

  1. Micro Gold Savings by the poor,
  2. Online/ Birthday :canned_food::canned_food::canned_food::birthday::birthday::birthday:/ Wedding :couple_with_heart_woman_man::couple_with_heart_woman_man::couple_with_heart_woman_man:/ Social Gold Gifting &
  3. Brand / Business / Product Promotion.:grinning::grinning::grinning:
  4. Used as Collateral Security :hammer_and_wrench::hammer_and_wrench::hammer_and_wrench:for Project Lending.