Lode (and LodePay) are an effort to restore silver and gold as sound money. This is a brief summary of the project. Towards the bottom of the page you can find our interview with the COO of Lode.
The Lode Project
What is Lode?
As with most ABDCs, Lode mixes vaulted precious metals storage with a blockchain.
Lode’s features include:
- Payments can be made via the Lode app, or via a virtual debit card which is compatible with ApplePay, SamsungPay, etc.
- AGX can be redeemed one-hundred ounces of silver at a time; AUX can be redeemed ten ounces of gold at a time
- The system is designed to be somewhat blockchain agnostic, so it is currently running on Syscoin, but Solana integration should be out shortly.