BTC Markets is pleased to list Meld Gold and Algorand. Trading will commence on the 17th of November 2020 at 11 AM AEDT. Clients can deposit both assets before trading is enabled from the 16th of November at 11 AM AEDT.
Meld (MCAU) is fully recycled Australian gold, available to trade in a digital format. It is backed by physical gold, held in Australia by independent vaults and refineries. This includes Imperial Vaults, Australian Bullion Company and Melbourne Mint.
To celebrate the launch, the first AU$1million will be offered at wholesale market rates to all investors.
The token is built on the Algorand blockchain, also listing on BTC Markets.
Algorand (ALGO) is an open-source, public blockchain. It is based on a pure proof-of-stake consensus protocol. This supports scalability and security. It is built in such a way to never fork.
It offers smart contracts that operate at over 1,000 transactions per second, providing speed and efficiency at low cost. The blockchain also allows for Atomic Transfers. This is the simultaneous transfer of assets among many participants. Useful for settling multi-lateral trades.
The founder of Algorand, Silvio Micali, is an MIT Professor and Turing award winner.