1irstGold (1GOLD) was a cryptocurrency token that was backed by physical gold. The project is now considered inactive.^[5]​^[6]​

Overview

1GOLD was described as the first digital billing unit that could be exchanged for physical gold at any time. The 1irstGold community claimed to have created a functional store of value that would be a quantum leap ahead of traditional gold trading. According to the project, loss and storage risks could be completely excluded in as much as users observed the necessary security regulations to protect their assets. Users, therefore, saved their precious metal stocks on a storage medium of their choice without third parties being able to access it.^[1]

With 1irstGold's stated innovation, 1irstGold combined the tradition of precious metals trading with the advantages of blockchain technology. The blockchain was linked to a functioning dealer and ATM network, with which the users of its technology could access their precious metal stocks 24 hours a day, 365 days a year.^[2]

The project's ATM network was designed to guarantee the purchase of physical gold by issuing 20 grams of fine gold bars in a standardized blister format. Owners of at least 100 1GOLD tokens could reportedly exchange them for physical fine gold in bar form directly through 1irstGold or its authorized dealers.^[4] In deviation from this offer, different bar formats could be called up through the company's service center for delivery.^[2][3]

1irstGold had a stated goal to expand its network with over 15,000 ATMs for the purchase of physical gold worldwide by the year 2025; however, it is unconfirmed if this goal was achieved. The project also intended for every holder of Bitcoin, Ethereum, and US Tether to have access to this network to exchange these cryptocurrencies for physical gold.^[2][5]

We give our customers a new dimension in their investment and diversification with precious metals We are different. We are 1irstgold

• 1irstGold.^[1]

Tokenomics

1irstGold (1GOLD) was a cryptocurrency launched on October 13, 2019, on the Ethereum platform, intended to operate within the project's ecosystem.^[6] The token's ticker is 1GOLD and it has a total supply of 1,000,000,000 1GOLD, though its circulating supply is reported as zero.^[6][5] While the token was listed on exchanges such as Bitget, trading activity has ceased.^[7][5]

The 1GOLD token was designed to represent the value of one gram of fine gold regardless of price developments. Holders could reportedly exchange 1GOLD units for physical fine gold for a small transfer fee of 0.085 surcharge per unit, which covered the handling of the assets. Unused units could also be reimbursed at the current daily price at the time of return.^[2][4]

Project Status and Market Performance

As of early 2026, the 1irstGold project is considered defunct. Multiple cryptocurrency data aggregators have marked the 1GOLD token as "Untracked" due to a lack of trading activity and sufficient data.^[5][3] The token's market capitalization and 24-hour trading volume are recorded at $0, confirming a complete halt in market activity.^[7][6][4] The project's official website is no longer accessible, and community engagement is extremely low, with minimal activity on social media.^[1][5]

The token's price history shows significant volatility. Its all-time high was $75.85, recorded on October 8, 2021, and its all-time low was $2.82, recorded on August 19, 2022.^[5] The founders of the project have remained anonymous.^[5]