Introduce
We are known about 4.0 technology which has the concept of block chain technology. Blockchain technology is often described as a decentralized, immutable, transparent, decentralized database network. They are exploited to store and store values. It can be seen that Blockchain technology is first applied in the field of cryptocurrencies or cryptocurrencies. Its decentralization feature is used for the storage of digital assets and the market has fully evaluated its features. One advantage of blockchain technology is the prevention of external factors from entering the system and modifying stored data. On the other hand, transparency helps it improve the reliability of the entire system, while its cryptographic support allows transactions to be carried out safely and efficiently, cost-effectively.
The success of blockchain technology can be reflected through the Bitcoin cryptocurrency. It is Bitcoin that has made most people familiar with blockchain agree with the notion that this can revolutionize most industries in the world. The world of the past few years has witnessed the explosion of cryptocurrencies and the success and rapid growth of Bitcoin as the world's most valuable digital resource. Indeed, Blockchain technology has convinced the world that it is the most secure online storage.
What is gold? World gold history?
Gold is a metal possessing unrivaled properties, but it has no role until people find, dig, refine and force it to serve their needs. Gold is a precious metal and is also a monetary regime of the world. Gold has accompanied mankind in long historical processes to play an important role today in the political, socio-economic life of every family, every nation, region and globally.
Here are memorable milestones in the history of gold:
3600 BC: The first block of gold is melted. Gold miners in Greece were the first to bake gold ore to get gold from the inside. They used fire bellows made of fire-resistant clay to maintain the furnace temperature.
2600 BC: The first gold jewelry was born. Goldsmiths in ancient Mesopotamia (modern Iraq) created one of the first human gold jewelery. It was a necklace made of blue carnelian stone with gold leaf-shaped pieces.
600 BC: Gold is used in dentistry. The first time gold was used in dentistry was when the Etruscans when they ensured it was safe to replace teeth with gold strings. The high biological compatibility, easy laminated ability and good corrosion resistance make gold become extremely useful in dentistry.
In 564 BC: The first gold coin appeared. King Croesus developed the gold refining technology to mint the world's first standard gold coin. With the same weight for all currencies, Croesids has become an accepted and widely used currency worldwide.
1300: The gold standard is established. The world's first standard system for research and quality assurance of precious metals has been established at Goldsmith's Hall in london. It is also the home of today's London Precious Metals Laboratory.
1370: The first thirst for gold in history. During 1370-1420, many of the major gold mines around Europe became nearly exhausted. The gold mining and production in the region plummeted to the point of what was known as the "historic thirst of gold".
1717: You set the gold standard regime. He started setting up the regime when the government assessed an ounce of gold as 77 shillings and 10.5 cents in 1717.
1870-1900: Through the gold standard regime. All major countries in the world except China have switched to the new gold standard and set prices for gold in monetary units. Dual-mode mode is abolished.
1944: Bretton Woods Conference. The Bretton Woods Conference laid the foundation for the post-war monetary system. Gold price is set at 35 USD / ounce. Other currencies are listed with a fixed exchange rate against the US dollar, thus forming a gold exchange standard.
1967: South Africa's first Krugerrand currency. The Krugerrand was introduced in 1967, as a tool to own gold for individuals. But actually, this coin was launched for the purpose of circulation as a currency.
1999: Agreement on gold of central banks. 15 European central banks have stated that gold will be an important component of national reserves and together limit the total amount of gold sold to a maximum of 400 tons per year over the next 5 years.
2003: K-gold appeared in China. The World Gold Council has created a whole new segment with the introduction of K gold. This type of 18 carat gold in China. This type of jewelry is mainly available in yellow and white, it is inspired by Italian designs.
2004: SPDR® Gold Investment Fund was born. From here, the market turned to a new, safer and easier way of investing gold. 6 years after its inception, the amount of assets held by SPDR® has reached more than 55 billion USD.
2009: Central banks buy again. In the second quarter of the year, for the first time in two decades, central banks again became net buyers of gold. The move reflects a simultaneous slowdown in the sale of gold by European central banks as well as an increase in buying by emerging economies.
2010: Gold prices peaked. Fears of inflation and the constant financial crisis make paper money and coins weaken. The price of gold in London has reached 35 consecutive times since the beginning of this year.
From physical gold to digital gold
Digital gold is a creative and creative project of this project team. The project will close the gap between physical gold and digital gold. In the previous section, I have introduced you to physical gold, gold is one of the oldest commercial products in the world, it is used in many fields, although gold is a rare metal but not undeniably the popularity as well as the great influence of gold on the world economy. Gold acts as a very effective means of payment and holds great value. But today the influence of gold has decreased in the field of payment but people are still looking for it thanks to its two advantages:
- Low volatility in price: this creates stability, minimizes risks for investors.
- Potential store excellent value of gold.
However, the gold trading, exchanging and storing gold also encountered many difficulties.
- Buying/selling gold is not for everyone, not for everyone. This creates a constraint for gold buying/selling liquidity
- The procedure for buying/selling gold, using gold is too complicated, reducing the general gold use of people.
- The danger comes when buying/selling gold: stealing gold, killing people, etc.
The difficulty is that, but gold has always been sought by people, the attraction of gold has decreased but it still plays an important role in financial markets and assets around the world.
Due to these difficulties, the Digital Gold project was born. It can be said that this is an appropriate time to implement the project when the world economy is experiencing great fluctuations. Great volatility leads to great risks for investors, so they will choose the safe terminals, shelters and Digital Gold is an ideal place to shelter for investors. You can get more information through the website: https://gold.storage You can get useful information: the purpose of the Digital Gold project, Blockchain Technology is applied to How is this project?
Blockchain technology is applied to buy / sell, transact quickly and store gold value
Digital Gold project was born with a core team of experts in many different fields: experts in the field of technology, financial experts, economists, experts of money, international transactions ... This project is a perfect combination of 4.0 technology and physical gold. It can be said that this is a turning point, this is a real transformation of gold.
Digital Gold project with token based on Etherum ERC-20 platform, with this token, users can buy / sell, exchange, store or transfer gold easily without any difficulty Whichever, especially the transaction time is very short, the cost is cheap and the security is high. To put it more simply, physical gold has been digitized and encoded into a GOLD token. These features are implemented easily and securely while preserving the anonymity of the user. Great! Digital gold is the effective solution for the economy today.
One special thing you need to know: With every GOLD token guaranteed and guaranteed with physical gold, they are stored in the company's warehouse and purchased insurance for that gold. Therefore, customers can feel secure when dealing with GOLD tokens. GOLD token prices will be updated continuously throughout the day and change according to physical gold prices. Gold token will allow customers to purchase gold insurance 1 GOLD token = 1 gram of 99.99% gold.
Liquidity is always guaranteed. Liquidity is the key to every project's success. Digital Gold applies Blockchain technology to gold trading to ensure the transactions always take place as quickly and smoothly as possible. The smart contract function ensures that the number of GOLD tokens circulating in the market is always equal to the amount of physical gold in the company's stock. So liquidity is always guaranteed and customers can be assured because the company always has enough gold reserves. Whenever, regardless of day or night, whenever there is a need to buy/sell, users can trade at their own discretion and unlimited number of transactions.
Do you know BullionStar?
BullionStar is a partner of Digital GOLD. BullionStar is a well-known gold trading firm in Singapore, and has just announced that it is the first company in the country to allow employees to receive precious metal wages. Accordingly, if he earns S $ 3,200 (SGD) a month, he can choose to receive two gold bars, each worth 1,600 SGD. So, if he earns SGD 51,000, he can get a 1kg ingot. Sales Director - Vincent Tie is one of 6 employees at BullionStar who choose to receive a salary in gold. About 20-40% of the 38-year-old's salary will be paid for with precious metals. "If I save at the bank, the interest cannot keep up with inflation. That means my purchasing power will decline."
To ensure safety and enhance reliability, all Gold of Gold purchased by Gold token is stored in the company's safe deposit box, and cooperated with BullionStar. This also increases the transparency of the gold that the Company owns, creating a peace of mind for customers. Users can check directly information on the amount of gold the company in Bullion Star. Digital Gold is a real project of digital gold, real trading, real gold.
CONCLUSION: With the purpose and the DIGITAL GOLD project platform you can fully expand your portfolio, stability, 100% guarantee, customer information is kept confidential, backed by gold material. I believe DIGITAL GOLD will be a smart choice for financial investors amid the uncertainty of the current cyptocurrency economy.
You can refer to more information on this project:
Website: https://gold.storage/
Facebook: https://www.facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20
Medium: https://medium.com/@digitalgoldcoin
Telegram: https://t.me/digitalgoldcoin
Author: yenyen143
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=2370719