GIDR's Gold-Based Crypto Assets Are Considered To Expand The Choice Of Digital Assets For Investors
JAKARTA - Crypto exchange crypto asset (crypto exchange) platform Crypto announced the start of a private sale for the Gold Indonesia Republic (GIDR) token.
GIDR is the first gold-based stablecoin in Indonesia, which combines gold price stability with blockchain technology efficiency. The token was published by Blocktogo, a consulting firm and blockchain developer focused on digitizing real world assets (RWA).
Gudang Kripto's Chief Product Officer, Donny Swandono, said GIDR's presence on the Gudang Kripto platform would expand the choice of digital assets for investors.
"As a gold-based stablecoin, GIDR presents a more stable investment option, suitable to complement portfolios in the crypto market that tend to fluctuate high," he said in Jakarta, Wednesday, January 22.
GIDR was present through Blocktogo collaboration with various parties, including the use of corporate gold deposit services from PT Pegadaian to entrust physical gold.
Meanwhile, 1 GIDR represents 1 gram of physical gold purchased from Gallery24, a subsidiary of Pegadaian, and stored in Pegadaian gold storage facilities.
"In this way, we ensure that market confidence and consumer protection are maintained," explained Blocktogo CEO Muhammad Yafi.
In addition to becoming a stable digital instrument, said Yafi, GIDR also allows token holders to exchange it for physical gold with certain terms and conditions.
"We hope that GIDR can be a trusted investment solution that is resistant to inflation, especially for Indonesians who are active in the crypto asset market," Yafi added.
Based on BAPPEBTI data, the crypto market in Indonesia continues to grow with the number of investors increasing from around 12 million in 2021 to more than 21 million in 2024. Where, the volume of crypto trading in Indonesia will reach IDR 450 trillion in 2024.
"We are optimistic that GIDR will be able to achieve a significant market share in the crypto ecosystem," he concluded.