Gold is one of the most popular assets in the world, this asset is the standard for various exchange values in the world and has been tested in facing any changing market conditions. With the rapid development of technology, many improvisations are designed and made to facilitate any gold transactions, one of which is Digital gold, which is a token based on blockchain technology with a value of 1: 1 with 1 gram of 99.99% gold.
This article is a continuation of the previous article that i writ before, you can read here for more details about the scheme and Digital Gold token information https://steemit.com/cryptocurrency/@kiaragabriel/digital-gold-or-digital-assets-backed-up-by-physical-gold, this time I want to review the gold transaction process that has their platform and I have tried it myself before.
Transaction Process Review
In the previous few weeks I had written an article about digital gold tokens, and this time I just had the opportunity to process transactions on their platform which I will review in this article. On August 8, I received a Digital Gold token and then tried to process the transaction on their marketplace platform. I changed the Digital gold token to bitcoin cryptocurrency and pass various steps required, I was surprised because the transaction process is very easy and also fast (10-20 Minutes Total processing time). After waiting for a while I received bitcoin on my address, I was very satisfied and wanted to try it again. Besides, the rate on the marketplace was very up to date, giving us the best rate to change GOLD> Cryptocurrency (Bitcoin) or vice versa. Overall, I highly recommend their marketplace if you want to try investing in Gold without worrying about the rate. Anyway below I will give you some steps that need to be taken to Buy/Sell in their marketplace and also proof of my previous transaction process.
How to Buy Digital Gold Token On Their Platform
For the review this time I will give an example to buy Digital Gold with Bitcoin, Overall all steps for selling the Gold are almost the same and I'm sure you will understand after reading this Gold Buying step.
First, if you want to buy Gold in the form of Tokens, you need to prepare a coin (Bitcoin or Ethereum) and do a calculation on their marketplace platform to get the desired results and click the exchange button afterwards.
Second, after the calculation process is complete, you need to fill in several columns of information for your details. You need to write the bitcoin / ethereum address that you will use to send bitcoin / ethereum to the address that will be requested later, you also need to fill in the ERC-20 Address to receive the Gold token after all the transaction processes are completed and also you need to fill in the Email column to receive more details of your transaction, last, slide their Tos Agreement.
Note: I suggest you use the Main Bitcoin Wallet (Blockchain.info, Bitcoin QT) and use your favorite ERC-20 Wallet (Myetherwallet, IMTOKEN), I suggest not using the exchange address.
Third, you need to send the nominal that you have calculated and fill it in the second step. Send Bitcoin / Ethereum to the address in the left column and use the Fee suggested by your wallet.
After all the steps above are done, you only need to wait for confirmation from each block and you will immediately receive a Gold Token on the wallet you filled out earlier.
It's easy right? For steps to sell Gold, the steps are the same and you can understand it when you see it later. This is some proof of the details of the transaction process that I did before that you can check yourself below.
You will receive an email about your transaction details like this one: https://gold.storage/market/2d63154e-0303-485f-967f-50f3af268128
It's Transaction Hash when i send A Gold token to convert it to bitcoin
https://etherscan.io/tx/0x92c1257549b2203e015588f5fea029c6debfce8e6ca3b23fdf697576f6078348
And this is a Bitcoin hash transaction when I receive bitcoin in my wallet
https://www.blockchain.com/btc/tx/cc08916aa7e662e78166610d352f06b376328511f84c04c48d18a97316acb61c
Conclusion
Overall, I am very satisfied when using their marketplace platform, in addition to being fast and secure they also provide transaction details to our emails. Their marketplace also provides a very up to date and reasonable rate which certainly gives us the best rate during the transaction process. And finally all of their tokens are backed up by real gold, which you can check yourself here: https://gold.storage/audits , I highly recommend you guys try it!
I think it's enough for now, Do not forget to follow & upvote, I will give some links related to Digital Gold Platform below. Thank you very much!
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
Authored By Pedobear a.k.a Dhemas putra/dhemasm(bitcointalk)
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1049524
