Lyfe is a rewards and gamification technology company. Lyfe strives to promote the use of decentralized blockchain technology to everyone. Lyfe has a range of products in its ecosystem, from market-based tokens to asset-based stable tokens.
LGOLD is part of the Lyfe program to create an asset-based stable token, backed-up by physical assets or commodities to complete the market-based Lyfe Token ecosystem. LGOLD will introduce a new possibility and alternative of commodity trading using blockchain where real assets can be transferred in a decentralized distribution network. It will then improve the efficiency, transparency, and cost of commodity trading.
Each LGOLD token will have an underlying asset of physical gold in Lyfe's partner Custodian. LGOLD can be exchanged to Fiat according to physical gold price or even exchanged to the certified gold bar directly.