Pleasing Market

Parent company named for the first time: Pleasing International, described in its own press release as 'a licensed precious-metals enterprise based in Hong Kong,' operating the Pleasing Golden/Pleasing Market platform since 2023 with vaulting/refining/logistics partners across APAC and Dubai. The exact legal entity name, license number, and licensing authority are still not disclosed in any source checked. 1 PGOLD = 1 troy oz LBMA-certified gold.

Claims unlimited physical redemption for allocated bars 'of nearly any size' in Hong Kong, with expansion to APAC/Dubai planned — independently corroborated via Pleasing International's own dated (Oct 29, 2025) press release, not just a price-aggregator relay as previously noted. Still no fee schedule, minimum redemption amount, or processing timeline disclosed anywhere.

Split confidence — primary (the inconsistency itself, directly observed across two aggregator snapshots)

Two snapshots from the same aggregator (MEXC), two days apart in March 2026, show materially different market caps ($98.02M vs. an implied lower figure from a $4,325 price on 19 different circulating supply basis) despite similar per-token prices in the $4,300–$5,500 range — with $0 trading volume reported on at least one day. With only ~19,505 tokens in circulating supply, 'market cap' here is a fragile number driven by whatever the last trade (if any) happened to be, not a liquid market price. This is worth a visible liquidity warning on the issuer/asset page rather than presenting market cap at face value.