434: Tokenizing Gold Without Touching the Earth , David Lucatch on nGRND's Bold Bet

that's yeah that that's cool way to to do it and then you also have like the in-ground gold protocol and then the in-ground gold token and how do these two differ and or when what's the similarity between them or or how are they connected

So I have to sort of go back to some of the basics on that as well.

So a gold commodity is independent of a gold security.

So if I buy a gold ETF, I'm buying a security.

We treat our gold in the ground as a virtual asset.

So it doesn't have any, other than the gold, it has no direct monetary benefits.

Gold goes up, gold goes down.

That's how the gold token works.

The gold protocol takes some of the money that we make from our gold system, our alternative land use, some of our other distribution and programs, and we put that into our ecosystem for our rewards.

People participate in our gold ecosystem, our gold protocol, and they receive rewards in the form of stable coins for participation.

So we have two products, we have a gold protocol, which people, you know, become sort of brand ambassadors, they, they help us promote and support, they participate in advance, and they get rewarded.

And then we have our golden product, which is based on the gold itself.

That's, yeah, that's cool.

That that's makes, that makes a lot of sense.

But, you know, you talked about the in-ground gold and also the land about it.

Can you explain how the land side of things work? Sure,

sure.

So gold in the ground doesn't disturb the environment.

We're very fortunate because gold creates a lot of carbon.

When it's mined, it creates a lot of land use, land erosion, water, a lot of environmental impact.

We do none of that.

So the land that stays preserved and we can do things like avoided mining on it.

We can create solar plants, wind farms.

We can do all kinds of great things on that land and create value and revenue on the land.

There are many pieces of property where there are parks that we can't do anything with, or there are coffee plantations that have gold underneath it.

that's yeah that that's cool way to to do it and then you also have like the in-ground gold protocol and then the in-ground gold token and how do these two differ and or when what's the similarity between them or or how are they connected

So I have to sort of go back to some of the basics on that as well.

So a gold commodity is independent of a gold security.

So if I buy a gold ETF, I'm buying a security.

We treat our gold in the ground as a virtual asset.

So it doesn't have any, other than the gold, it has no direct monetary benefits.

Gold goes up, gold goes down.

That's how the gold token works.

The gold protocol takes some of the money that we make from our gold system, our alternative land use, some of our other distribution and programs, and we put that into our ecosystem for our rewards.

People participate in our gold ecosystem, our gold protocol, and they receive rewards in the form of stable coins for participation.

So we have two products, we have a gold protocol, which people, you know, become sort of brand ambassadors, they, they help us promote and support, they participate in advance, and they get rewarded.

And then we have our golden product, which is based on the gold itself.

That's, yeah, that's cool.

That that's makes, that makes a lot of sense.

But, you know, you talked about the in-ground gold and also the land about it.

Can you explain how the land side of things work? Sure,

sure.

So gold in the ground doesn't disturb the environment.

We're very fortunate because gold creates a lot of carbon.

When it's mined, it creates a lot of land use, land erosion, water, a lot of environmental impact.

We do none of that.

So the land that stays preserved and we can do things like avoided mining on it.

We can create solar plants, wind farms.

We can do all kinds of great things on that land and create value and revenue on the land.

There are many pieces of property where there are parks that we can't do anything with, or there are coffee plantations that have gold underneath it.