Core Viewpoint - Triple Bolt Technology LLC has announced a high-level technical plan for the Blue Gold Token (BGT), a digital asset backed by long-term futures contracts on physical gold, aiming to provide institutional-grade commodity exposure to blockchain-based capital markets [1][2]. Technical Implementation Overview - The BGT will be issued as an ERC-20 token on Ethereum or a leading Layer 2 network, with a total supply fixed and directly correlated to verified gold futures contracts, initially structured around a 1-gram equivalent [3]. - Token issuance, transfer, and redemption will be encoded into audited smart contracts, which will include time-lock mechanisms to enforce a minimum redemption window [4]. - A robust proof of reserves and resource system will be implemented, validated by independent third-party experts, and will be publicly accessible via a dashboard at the time of BGT launch [4]. - Token holders will be entitled to redeem each token for physical gold or a cash equivalent at maturity, with the redemption protocol managed through a regulated entity or trustee [5]. - All contracts will undergo third-party audits prior to deployment, with ongoing technical reviews and monitoring planned [5]. - Initial liquidity will be deployed on decentralized exchanges (DEXs) to promote market stability and investor confidence [6]. Company Background - Blue Gold Limited (Nasdaq: BGL) is focused on acquiring and aggregating high-potential mining assets globally, aiming to unlock value in the gold sector through innovative monetization models, including asset-backed digital instruments [8]. - The company emphasizes responsible development, operational transparency, and the use of modern financial technologies to redefine gold production and ownership in the 21st century [9].