TMTG (The Midas Touch Gold) is the ecosystem token of the Digital Gold Exchange, launched in 2018. Its primary function is to facilitate the exchange between physical assets and crypto assets within the digital gold ecosystem. Digital gold tokens purchased by users can be redeemed for physical gold through South Korea’s largest gold trading company. In the future, TMTG plans to introduce additional asset exchanges, including other precious metals and luxury items.
The TMTG token operates on a deflationary model, with tokens being burned at a certain ratio when converted into physical assets.