Based Gold (BGLD) is a zombie cryptocurrency and a decentralized gaming token that can be used to play numerous games and services in a metaverse-based casino. Metaverse is a combination of multiple technologies like virtual reality, augmented reality, and video, creating a virtual 3D space. The BGLD token aims to open the doors for all new features of a decentralized financial (DeFi) system. Besides this, the Based Gold token has an ultimate aim to make the virtual casino world more transparent and secure. In addition, the BGLD seeks to build a platform where users can effortlessly share gaming revenue.
Additionally, as per the platform's whitepaper, Based Gold aims to migrate all its tokens and communities toward the advanced ecosystem named BGLDv2. To ensure building and raising awareness, Based Gold also seeks to introduce marketing wallets and development wallets. The marketing wallets aim to be used to exchange Based Gold coins for numerous services including listings, buybacks, funding games, and more. Similarly, a development wallet can also be aimed to be used for the services like building out staking, funding games, integrating with gaming protocols, and more.
The native token of the Based Gold is 'BGLD,' which is an ERC-20 token on the Ethereum blockchain. Based Gold levies 3% and 5% taxes on each trade that is distributed to fund the platform's developments and marketing. Furthermore, the entire revenue of the BGLD token transactions intends to be retraded into the online casino to achieve growth. The whitepaper mentions that all the transactions of the BGLD token seek to be completely secure as they are executed utilizing smart contracts technology and verified on-chain.
