Toronto-based bitcoin-gold trading startup BitGold has launched the private beta of its platform, inviting via email pre-registrants to join.
The company says it will continue sending out private invitations in the coming weeks, promising early registrants $20 worth of free gold.
The startup has also announced the debut of its BitGold branded Gold Cubes. Each cube is 10 grams of .995 gold and worth US$ 410.
According to the company
With our cubes, one can work their way up to a kilo or tonne of gold, building an ever-larger cube over time. To celebrate the launch of the BitGold Gold Cube we are giving away free cubes on Instagram. While you are waiting for your invitation to the private beta, head over to @BitGoldInc on Instagram and follow us today.
At this point, BitGold has not revealed what its platform is like or how it is different from other bitcoin-gold trading or blockchain-based mineral trading platforms. The other common question from many industry observers is how customers’ gold cubes will be stored.
In January, Canada-based mineral exploration and development company Loma Vista Capital announced that it had formed an agreement with BitGold to engage in a reverse-take over or merger. The management of both companies are one in the same, with Roy Sebag as CEO and Daniel Crandall as CFO.
BitGold claims to maintain both bank grade Know Your Customer (KYC) and Anti-Money-Laundering (AML) policies.