INTRODUCTION
Looking around, in recent times there have been many numerous ideas built on blockchain technology that have good intentions to transform lives of many individuals across the globe. But the issue has always been getting hold of a realistic project with an achievable mission.
Digital Gold is a blockchain-based venture that seeks to support the digitalization of physical gold with cryptocurrencies. This mission will be accomplished by allowing clients to buy stakes in physical gold, through the use of the ERC-20 Ethereum-based GOLD token.
DIGITAL GOLD have various focal points for its customers, the gold market and blockchain in general.
Through this innovation, clients can make use of the platform to acquire the GOLD token, each coin is always estimated to one gram of 99.99% FINE gold which is put away in the vaults of this project. Putting all these in perspective, the tokens allow clients to buy gold to make profit. This is achieved without much stress as clients have to pass through a very simple process while remaining anonymous.
The token is guaranteed to the estimation of the gold spot value, this makes the coin very stable at all time. This is vital to protect customers from the high volatility on the digital currency market especially the cryptocurrency market. This enables clients to profit by long haul gold value when price goes up.
THE PERSPECTIVE ON DIGITAL GOLD AS A STABLE COIN
Liquidity is always assured while allowing autonomous live reviews to be confirmed in cross-checking the number of tokens available for use, with the amount of physical gold stored in the vault.
The digitalization of gold will surely increase the overall interest in physical gold, that has been valued and utilized by humankind since ancient times. The inter usage among gold and blockchain innovation is a great case study, which shows blockchain's potential in transforming the all business or stock market.
With blockchain, its application to Digital Gold takes into account some key factors which includes quick business transactions or trading involving the Ethereum blockchain network. This incredible nature allows for more convenience in general on the system security and protection from all forms of digital attacks such as hacking into the platform. The DIGITAL GOLD platform is compatible with all ERC-20 wallets, and also allows for the trading of the GOLD token on the market place.
The DIGITAL GOLD token can be used on the Digital Gold Marketplace with little or no difficulty provided you follow the instructions well. Clients are always allowed to do any number of exchanges as they want as there are always high liquidity.
DETAILS ON TRANSACTIONS
√All customers are required to pay a 0.99% fee annually as storage charges.
√The GOLD token is use for grading purpose on the platform, this acts as an additional currency to their portfolio.
√ With the GOLD token, clients are able to buy stakes in real gold which is further stored by the company in secure vaults. The gold storage reserve is insured hence risks are minimized. Gold’s relevance for several years certainly insures that the precious metal will maintain it's prestige for many years to come.
√The GOLD token allows physical gold to be owned while the customer or holder remains anonymous.
CONCLUSION
The GOLD token has been created to act as a stablecoin that is always pegged to the spot price of gold. Since the token is an Ethereum based token, users can always enjoy all the benefits that comes with the transactions on Ethereum blockchain network.
Kindly visit the links below and read more details about the project;
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
Reddit: /r/golderc20
PROOF OF AUTHORSHIP
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2511518