A gold-backed digital token is a type of cryptocurrency that is backed by a physical asset, in this case,
gold. Each token represents one gram of gold stored in a secure and insured vault, and the value of
the token is directly linked to the value of the underlying gold. These tokens can be traded on
various digital platforms, and they provide a way for investors to invest in gold while taking
advantage of the benefits of blockchain technology, such as transparency and immutability.