Arizona Mining Collective and SNS Processing have officially launched out new token on the erc20 Ethereum network named "GOLD" see it on EtherScan at https://etherscan.io/token/0xAB9049e1D98fCC2Cb6316495483Fa103098361B1

Tokens backed by assets, also known as asset-backed tokens, are digital tokens whose value is tied to tangible or financial real-world assets (RWAs). This process, called tokenization, transforms ownership rights of an asset into a digital format on a blockchain. The underlying assets can include real estate, precious metals, commodities, and fiat currency. 

Stay tuned for more news on "GOLD" as we start defining its contracts and assets!