The physical asset tokenization company Digix Global has confirmed that the first 100 DGX have been issued on the Ethereum Mainnet. The company is also operating a whitelist for the DGX 2.0 token marketplace purchases as registration has officially opened. Users must register for accounts in order to be able to purchase DGX 2.0 from the marketplace. Users must also undergo a KYC check and submit the necessary documentation with the DGX 2.0 token scheduled to be live for purchase from April 8.
First 100 DGX
DigixDAO was created in 2016, and was the first crowdsale to be hosted using the Ethereum blockchain. After the ICO, the Digix Gold (DGX) and DigixDAO (DGD) tokens were created. The DGX is backed by a physical unit of gold, while the DGD token fluctuates in value and dispenses quarterly rewards to its holders based on the total amount of fees collected from DGX transactions. The two coins operate in tandem to provide cryptocurrency investors with hedging options in periods of extreme volatility.
The DGX digital gold tokens are minted into existence by a corresponding purchase of a physical gold bar from the London Bullion Market Association (LBMA). The bars consist of 99.99% LBMA approved gold, and are supplied, audited and stored by three separate companies.
The team behind the project created the DGX token based around the idea of digitizing physical gold in order to provide a transparent and less volatile currency as each DGX token is backed by the purchase of a physical unit of gold.
Each token represents 1 gram of gold and the DGD asset token allows holders to pledge on future proposals and claim their rewards for holding DGX. When the DGX token is sent to another blockchain user, the transaction fees involved are available for DGD holders to claim as a reward from DigixDAO.
DGX 2.0 token
Digix is currently allowing purchases of up to 10 DGX per day via ETH after potential buyers pass KYC checks. Anyone looking to conduct large volume purchases of DGX is advised to contact the Digix team directly.
For holders of the early DGX 1.0 token, the Digix team will be swapping them for the DGX 2.0 tokens on April 8. Existing owners of DGX 1.0 will have DGX 2.0 airdropped to the same wallets that are storing DGX 1.0.
DGX 1.0 was last moved on block number 4369452 and the Digix team has stated that the snapshot block has already been set to send DGX 2.0 to all DGX 1.0 holders. The team also warn to not move DGX 1.0 until DGX 2.0 has been received on April 8.
Digix Global is currently unable to make DGX available for US, Chinese and Japanese citizens. The Singapore based company has been legally advised to proceed with caution due to growing uncertainty in these jurisdictions, the team said:
“While we await further regulatory clarity in these markets, we will continue to allow DGX to be made available for purchase by other users from other markets. We will explore options to engage these markets when there is legal clarity from these regions. We remain with the vision of allowing global public access to DGX as soon as possible”.
DigixDAO (DGD) has been a strong performer during the recent downturn as investors have increasingly begun to turn to it as a hedge currency alternative. Digix has also recently partnered with Maker in order to help provide a Dai Stablecoin (MKR) backed by Digix Gold tokens (DGX) as collateral.
source - https://coincodex.com
credit to - George Kingslay