Overview
- Dogecoin Cash, which announced the concept Friday, said each token would represent a defined amount of physical gold stored by an independent custodian.
- The framework targets nanogram-level precision with one billion tokens equaling one gram and uses mint-and-burn rules tied to gold deposits and verified redemptions.
- The initiative remains in evaluation with no tokens issued, no selected custodian or technical stack, and a white paper promised on the company’s website.
- News outlets reported Dogecoin’s price rose about 5% to trade above $0.10 after the plan became public.
- The proposal would compete with established gold tokens from Tether and Paxos that are measured in ounces and have multi‑billion‑dollar floats.