Gold is a precious metal to humanity that has stood the test of time, it value cannot be overemphasized and it worth is very obvious as nations of the world sets their currency standard using it and over time it has been used as a means of settling international bankruptcy. The trading of gold has been on the increase over the years for it value and from the look of things gold market may continue to increase and develop stronger bond among gold investors and marketers, gold is globally known as the noblest precious metal to humanity, it is used in different companies and industries of the world some among which are; medallion, jewelry and arts, hospitals and dentistry, electronics and electricity, armory and fashion aside it industrial application, somebody’s worth can be measured from the storage of gold he or she has under his or her control, this has earned gold as a mineral resource an unusual attraction as there is this pride you have for owning it.
ABOUT DIGITAL GOLD
Digital gold is a project that makes use of the blockchain technology to advance and encourage the digitization of financial market by creating for the customers an enablement to buy gold through the ERC-20 Etherium-based GOLD token. Of a truth this project is going to boost the blockchain technology aside the numerous advantage and gains to its users. Digital gold platform allows gold to be used for monetary transactions, using the digital gold tokens makes this act very easy, this is because the coin is equivalent to specific weight of fine gold in real life, one coin is about one gram of 99.99% of fine gold. This transaction is achieved without having to follow the cumbersome and complicated procedures involved in the manual gold trading system.
Advantages Derived From Digital GOLD Platform
Stable coin and protection against market volatility
One of the major problems faced in the current gold market is volatility, digital gold platform offers stable coin by pegging each gold on the platform to their respective spot price, this saves the users and customers from the market volatility risk in the crypto currency market.
Guaranteed liquidity
Digital gold offer sure liquidity at all time for it customers this is done by allowing self independent life audit thereby exposing the number of tokens in circulation and the amount of stored in the vault.
HOPE FOR THE BLOCKCHAIN TECHNOLOGY
Application of blockchain
The application of blockchain on digital gold platform offers the platform some features some which include; offering of smart contract functionality smart contract is a set of computer protocols that allows execution of transaction based on the agreed terms between the two parties involved. cheap rate transactions carried out through the Ethereum blockchain, protection for all confirmed transactions, guaranteed network security, transparency in market, support for all ERC-20 wallets, unlimited number of transactions and support for transactions using the GOLD token on partner exchanges.
FINAL THOUGHT
With the aforementioned features offered by the digital gold project it assures the customers and users of nothing to fear, all the problems faced in the current gold trading are solved with this special features. All thanks to the digital GOLD platform.
For more information visit:
Website: https://gold.storage
Facebook: https://facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20
Telegram: https://t.me/digitalgoldcoin
Bitcointalk: https://bitcointalk.org/index.php?topic=5161544
Whitepaper: https://gold.storage/wp.pdf
Author: Freny250
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2528207