
Phoenix Gold Network (PGN) is a decentralized platform that issues digital assets called Cyphers, representing claims on physical gold stores securely within a global custody network. Phoenix forges a bridge between the incorruptible digital foundation of blockchain, and the age-old, 14 trillion dollar market represented by gold. Phoenix Gold is .999 gold bullion held by custodians in the Phoenix Network. Each custodian voted into the network by the community must have a slashable stake in the network and provide audited proof of gold holdings.