what's Zambesi Gold?
Zambesi Gold (Pty) Ltd is an African gold mining company that issues $ZGD, a gold-supported utility token deployed on the Avalanche C-Chain. The token facilitates purchases of physical gold via the Zambesi platform, where tokens spent on fees are permanently burned on-chain. This creates a direct, deflationary link between rising gold demand and decreasing token supply. Built by actual miners, $ZGD emphasizes transparency with traceable on-chain token journeys tied to real mining operations and gold reserves. The project has undergone a chain migration from BSC to AVAX, supports token sales with vesting, and plans expansion into broader infrastructure.
Gold purchases burn Zambesi Gold tokens, creating deflationary supply.
Links
x.com/zgdgoldBurns tokens permanently on-chain when used to purchase gold from the mining company, creating deflationary supply pressure tied to gold demand.