Hi EattheBlock Community,
Greetings from Lucky, Bangalore, India. Here, in India we have 25,000 Metric Tons of Family/ Temple Gold Jewels worth around US $ 1.7 Trillion. If the Market Value of Each Milligram of 22K Gold is USD 0.060 / EUR 0.0550 / CHF 0.0500 / SGD 0.0900 / INR 05.00, how many ERC 1155 Tokens are needed to Tokenise & Monetize 25,000 Metric Tons of Gold.
These have practical utility in
- Micro Gold Savings by the poor,
- Online/ Birthday / Wedding / Social Gold Gifting &
- Brand / Business / Product Promotion.
- Used as Collateral Security for Project Lending.