Introducing TGLD, Tokenized Gold by LeoStrategy
This week LeoStrategy has a launched an interesting new token that is pegged to gold, TGLD. It is pegged at 1:100 to the SPDR Gold Shares ETF (GLD). They are offering some very nice rewards to those who buy in early as part of the presale, which is currently ongoing. It launched yesterday putting us not in day two of the presale. The sooner you buy in and stake on HE the better the rewards available.
As you can see in the table below when you purchase and stake the tokens you can earn a nice APR which is permanent as long as you leave you tokens staked. I have purchased some and staked them away to earn that great APR!
Alternatively you can purchase it on Base and provide liquidity for some very rich rewards. I'm not taking this route, but you only have the first 48 hours to take advantage. So time is running out!
Plus they are offering some social milestones to incentivize sales during the presale. You can earn free tokens as the presale progresses which is a pretty nice deal!
The advantage of having tokenized gold is you can invest smaller amounts and not have to hold the gold personally. That being said, that is also a disadvantage, because it you don't physically hold it you don't technically own it. Which is why as a gold and silver stacker I prefer to own my metals outright. However this is offering some very nice rewards that can provide some passive residual income to those who invest early.
Gold has had a great year, and there may be much more upside yet to come. That could make the shares of TGLD more valuable over time as well.
Gold prices over the las day from Kitco.com
I think it's a great opportunity to try out a new concept here on Hive and have some exposure to gold. I recommend buying in early to maximize your potential earnings down the road. But always invest wisely, and never invest more than you can afford to lose! There is never any guarantee on any project in the defi world as we all know well.
Right now you can buy TGLD on Hive Engine at the presale price of 30 Hive each.
It's been a few rough days with BTC, it may continue to erode prices of other crypto projects as well. Fortunately, Hive has been holding strong at just about $0.11. I was concerned we might be at sub ten cent Hive, but so far so good! I'm crossing my fingers!
That will do it for today, I have made my Hive Engine purchase of some TGLD and staked it away! Hopefully this will turn out to be a big winner! Please feel free to leave any comments or questions below, and thank you for all of the support. Have a great day everyone!
References:
file:///C:/Users/User/Downloads/TGLD%20Slide%20Deck.pdf
https://www.kitco.com/charts/gold
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
Slides and header from LeoStrategy
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
If you are interested in precious metals or even want to learn more about them feel free to come join us #silvergoldstackers
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Interesting stuff. I will admit they keep trying even when things don't really work out. Either that or we just keep falling for it.
We'll see how they do on this one, the APR doesn't look too bad. I know you got burned on that Cub token...
It was more than just CUB, but yeah, hopefully it does well for people.
People keep falling for it. Anyone who touched these scams deserves to get rug pulled. After cub scam fail in 2021, it’s on the fools who keep doing it. Leo had shown there hand so many times already, it’s just ridiculous.
!PIZZA !LOH !ALIVE
Sounds like this might be a new way to earn by buying and staking TGLD on Hive Engine!👍😀
Nice that you found this I will check it out!!😀
I wouldn’t, remember how Cub from Leo turned out? This is a total red flag. Also be aware people posting this get paid a bonus to do so. I love my buddy BigHigg
I’m not bashing him, I’m simply bashing Leo and there track record with things like this.
It’s always good to be cautious my friend😇
Definitely do your own due diligence!👍😊
Unfortunately nobody does these days. Well most anyway.
!PIZZA !LADY
View or trade
LOHtokens.@geneeverett, you successfully shared 0.1000 LOH with @silvertop and you earned 0.1000 LOH as tips. (2/10 calls)
Use !LADY command to share LOH! More details available in this post.
Bro seriously? Ur promoting there scammy token? No thanks! Cub finance all over again…
!LADY !PIZZA !ALIVE
View or trade
LOHtokens.@geneeverett, you successfully shared 0.1000 LOH with @thebighigg and you earned 0.1000 LOH as tips. (7/10 calls)
Use !LADY command to share LOH! More details available in this post.
What scam? Leo is well respected here. Why would so many accounts support leo if it’s scam?
!PIZZA !LADY !BBH
View or trade
LOHtokens.@thefed, you successfully shared 0.1000 LOH with @geneeverett and you earned 0.1000 LOH as tips. (1/10 calls)
Use !LADY command to share LOH! More details available in this post.
$PIZZA slices delivered:
thefed tipped geneeverett
@geneeverett(2/15) tipped @silvertop
Come get MOONed!
Made my purchase too! I mean, why not give it a shot?
Cause it’s a scam 🤷🏼♂️
Remember how Cub finance ended in 2021?
This won’t end well either. Leo has proven this time and again. It’s crazy people trust this project.
!LADY !ALIVE !PIZZA
Your comment isn’t showing ?
Probably because you are using the old garbage condenser front end. It shows on Inleo and Peakd.
No opinion here. Just facts.
Ya fucking clown 🤡
Bye bye scammer!
I just wrote a post, no scamming anyone. Hope you have a better day and stop being so miserable that you have to spread a bunch of negativity.
I don't have good experiences with this community. I lost quite a few Cubs. On the other hand, this is the first tokenization of a physical thing (gold) on HE. I'll watch where it goes.