Assay office · Open to everyone
$BITE is a coin for everyone who has ever tested something with their teeth. Real gold leaves a mark.
Bites tested: 0 · Verdict: Untested
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No coins were harmed. Several were eaten. The certainty bar goes up with every bite and, by law, never reaches a hundred.
Certainty: 0% (never 100)
Assay opens at launch · a new certificate every 1,000 holders
Paired with GLDx
$BITE launches with a GLDx pair. Holder rewards are paid in GLDx, a tokenized gold token. The coin itself is a meme: it is not gold and it is not redeemable for gold.
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Bite Chronicles · clipped from the news
True stories about checking whether a thing is what it says it is. Every one links to its source.
Traders did bite gold coins, because soft gold dents. Olympians bite medals for another reason: the photographers ask for the shot. Medals have not been solid gold since 1912.
A German luger chipped a tooth doing it, on a silver medal.
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Made Warden of the Royal Mint in 1696, Newton found many coins from the great recoinage were counterfeit, and built cases against forgers himself. William Chaloner was hanged at Tyburn in 1699.
In all he prosecuted 28 coiners.
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A one-kilogram bar with a tungsten core turned up in the UK, certificate and all. Staff at a scrap dealer noticed the missing weight, and a handheld XRF read 99.998% gold: it only measured the shell.
The bar passed the eye test and the paperwork.
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A Manhattan jeweller paid about $100,000 for bars from a regular supplier, then drilled into several and found grey tungsten, which weighs nearly the same as gold. The Secret Service was reportedly looking into it.
Drill first, trust later.
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BITE