MiloGold Launches 'Gold in Motion' MGOC NFT and $MLGD Token with Proof-of-Reserve
Heracles-backed MiloGold unveiled the Milo Gold Ownership Certificate (MGOC), a wallet-native vault receipt NFT described as “Gold in Motion” that mirrors spot exposure to vaulted, insured physical gold and gold-backed stablecoins. The launch includes $MLGD, the platform’s utility and rewards token, which will be used across program utilities and — per policy — in swap and fee flows on the OzGold marketplace. MiloGold emphasizes an always-on proof-of-reserve system to provide continuous transparency into underlying metal holdings.
A presale opens offering a discount, bonus allocation and pre-staking APY to attract early participants. The product targets users seeking on-chain precious metal exposure, combining custodial bullion with DeFi primitives in a way comparable to PAXG and XAUT but adding NFT-native receipts and integrated token economics. Market uptake will likely depend on custody assurances, audit cadence and how quickly $MLGD is adopted in platform flows.