Key Data

• Trading Name: Clinq.Gold
• Legal Entity: S B P GOLD AND DIAMONDS L.L.C
• Activities: Stablecoin Issuer
• Location: Dubai, AE
• Regulations: unregulated
• Key People: Nick Patel/Luis Claret Torrents
• Latest news: Clinq.Gold
• Latest update: October , 2024

CLINQ.gold is a platform offering solutions for digitalizing physical gold ownership through the use of blockchain technology. The platform aims to provide an easy and secure way to buy, store, and manage physical gold, while also offering the flexibility of digital assets.

Offering

They are offering a gold-backed stablecoin, with each token representing 1 gram of physical gold. The CGT token ensures a 1:1 value peg to gold by being backed by securely stored, real gold assets

Target Market:

• Individuals interested in owning gold but seeking a more flexible and digital way to manage their investment.
• Investors looking to diversify their portfolio with a trusted, tangible asset like gold, with the benefits of blockchain-based trading.

Audit

• Audit Report
• Auditor: Kaid Auditing Co.
• Year: 2022

Regulation

CLINQ.Gold operates as an unregulated entity, meaning it is not directly overseen by financial regulatory authorities. While the platform utilizes blockchain technology and offers innovative financial services like gold-backed digital currencies, it does not currently fall under the jurisdiction of traditional financial oversight bodies. As such, users and investors should be aware that there may be additional risks involved, as the company is not subject to the same regulatory standards or consumer protections that apply to regulated financial institutions.

Key People

Nick Patel (Shareholder)

• Nationality: British
• Country of residence: United Arab Emirates
• Date of birth: September 1975

Luis Claret Torrents (Shareholder):

• Nationality: Spain
• Country of residence: United Arab Emirates
• Date of birth: September 1976

Customer Reviews

There are currently no customer reviews available for CLINQ.Gold. The absence of user feedback or testimonials makes it difficult to gauge the experiences or satisfaction of existing customers with the platform. Potential users should take this into account and consider conducting further research to better understand the platform’s trustworthiness and reliability.

Conclusion and Rating

Compliance Rating: Orange

Customer Rating: Orange

Pros:

1. Innovative Concept: CLINQ.Gold offers a unique platform that combines the stability of gold with the efficiency of blockchain technology. This is particularly appealing for users looking to diversify their assets in a digital and secure way.
2. Gold-Backed Digital Currency (GB-CBDC): The idea of having a central bank digital currency backed by real, audited gold provides an extra layer of trust and stability for investors.
3. Potential for Intra-African Trade: CLINQ.Gold’s focus on promoting intra-African trade by reducing reliance on external currencies could provide economic benefits and strengthen regional financial integration.

Cons:

1. Unregulated: CLINQ.Gold is currently not subject to financial regulation, which introduces additional risk for potential users, as there are no regulatory safeguards in place.
2. Lack of Customer Reviews: The absence of any customer feedback or reviews makes it hard to gauge the real-world experience and satisfaction of users.
3. New and Unproven Platform: While the concept is promising, CLINQ.Gold is still relatively new, and its long-term success and reliability remain to be seen.

Conclusion:

CLINQ.Gold is an platform that blends traditional gold investment with modern blockchain technology, offering an intriguing solution for investors and traders, especially in the African market. However, its lack of regulation and absence of customer reviews are notable risks. Potential users should approach with caution, conduct thorough research, and stay informed about any future developments or user experiences with the platform.

Risk: Orange