Good day crypto elites. I really wish to unveil the Digital Gold platform to you and its erc-20 based gold token utilizing the potentials of blockchain. The Gold market can be seen as a very lucrative, highly risked and insecured marketplace. But the birth of Digital Gold platform brought an utmost revolution to the ecosystem. Before I go into the major discussion, I'd introduce Blockchain and how it's able to help solve some problems facing the Gold market.
POTENTIALS OF BLOCKCHAIN AND GOLD MARKET!
A major development and innovation that saw to the effectiveness and success of any ecosystem is the Blockchain. The Blockchain ever since its inception has saw to the breakthrough of many ecosystems such as the Financial ecosystems and the gold market.
Foe instance, coming to the financial ecosystes,research has it that over billions of dollars transactions passes through any Nation’s financial institutions on a daily basis. And in time past, we have had the banking hub being the major hub for financial services.
However, this financial institution havent proven their efficiency, credibilty as it still leaves some stones untoned.
The prevailing issues with the current financial ecosystems and banking hubs are that:
- These financial institutions offer services that are expensive.
- Their services are slow and most time complicated to operate.
- Their systems are not secured and humongous in nature.
- Another prevailing issue is that of transparency in the system. All these are the major reasons for the inception of block chain.
With the introduction of block chain, people began to see the possibility in Blockchain to better make lives and experiences easier. The Gold market saw the huge advent of this technology. Blockchain comes to make everything absolutely simple.
With the inception of Blockchain, every system which has Blockchain technology built in it will witness revolutionary approaches, efficiencies and transformation.
INTRODUCING THE GOLD MARKET!
The Gold market we can tout to be fintech market home for different businesses and ecosystems having roots in blockchain based gold service. However, with Blockchain introduced into the Gold market, would allow for:
- Utmost recognition of digital gold. This will directly influence the gold market positively. The value of Gold can greatly be enhanced through the utilization of Blockchain.
- Introduction of Blockchain into the gold market will bring about mass acceptance of digital gold. People will better see gold token in good light.
- With Blockchain introduced into the the gold market, the system would be transparent and efficient.
- Also, the utilization of blockchain will bring about security in the system and thefts would be reduced to barest minimum. As long as good digital security practices are followed, digital gold cannot be hacked. And no theft can be successfully be carried out on the ecosystem.
- With Blockchain, transactions fees would somewhat be reduced.
INTRODUCING THE DIGITAL GOLD TOKEN
The Gold token is the major mode of transaction on the Digital Gold platform. It is the medium through which users would be able to purchase desired coverages. For instance, 1 GOLD token equals to 1 gram of 99.99% fine gold. That means to say, 1 Gold token will allow users to be able to purchase coverage of 1 gram of 99.99% FINE gold.
Also, the gold token with the aid of blockchain would ensure the following BENEFITS:
The gold token seeks to also ensure and enhance utmost security and privacy of the users.
With the gold token through the use of Blockchain technology would digitalize assets.
With the gold token, users will be able to buy, sell and trade gold token at a no-zero fees. That is to say, no transaction fees is attached to trading the gold token.
Through digitalization of assets, the gold token would keep assets of the users safe and anonymous.
Active support 24/7 users of digital gold will be able to enjoy unfailing and active 24/7 custor support towards their enquiries and issues on the platform.
CONCLUSION
The Digital Gold project seeks, to create an Ethereum-based, ERC-20 token which users will leverage on to easily buy, sell, trade, store, or transfer gold investments.It is also pertinent to say that the ERC-20 GOLD token is backed by physical gold, stored in the company’s secure vault. The best time to invest in this digital gold is now. Why not take this opportunity and enjoy a life-time benefits in your gold investments.
USEFUL LINKS:
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
AUTHOR'S DETAILS
Bitcointalk Username: Annexia
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2014957;sa=summary