A friend always tells me that blockchain can turn the world upside down. Am beginning to side with him considering the number of successful blockchain-based that are making huge impact on the market. I want to discuss one of such projects which is DIGITAL GOLD. This is a project that has been developed by a team well experienced professionals in areas of blockchain technology and the world of finances.
ABOUT DIGITAL GOLD
Digital Gold is a new Stablecoin coin that is backed by real or physical GOLD, a coin which is built on ethereum blockchain with an equivalent of 1 gram of physical 99% virtue gold well secured in a vault. Digital GOLD can be a computerized crypto and also verified by physical gold, which is obtained at any point in time a token is issued and consequently secured in a vault located at Singapore. Digital GOLD is a reasonable cash instrument, any place physical gold is bought by an organization is very much coordinated with when tokens are issued. Digital Gold is pegged to physical gold. Aside this project, most of the cryptocurrencies we see around are all backed by popular physical currencies such as in the case of tether which is pegged to the US dollar.
It is a common or usual practice to find around across the globe where physical gold managing needs usually require disclosure of private information. However, DIGITAL GOLD is an opportunity to hold physical gold while remaining anonymous or unknown. The DIGITAL GOLD as a token is fully backed by physical gold, which is a saviour against the usual high volatility on the crypto market. The token can easily be purchased, sold-out transferred without any difficulties. Get more information on this from the official website; https://gold.storage
MISSION OF THIS PROJECT
The plan of the developers is to create an online store for gold assets and also a means of making payments with GOLD token. Blockchain technology has the feature that can project digital assets more than the traditional system of dealing with gold assets. Gold has always been expensive and hence adequate security is always needed. Tokenizing gold business is always the best thing to encourage and that is in the plans of this revolutionary project. To make the procedure for acquiring more flexible, one can easily buy physical gold with digital gold token instead of carrying bulk amount of fiat money around to buy gold.
BENEFITS OF THE DIGITAL GOLD PLATFORM
To guarantee the sustainability of the platform, Digital Gold has full backing of physical gold. Every GOLD token is issued based on the Ethereum smart contract, again the amount of tokens available for use always rise to the amount of gold bullion control in a vault.
There is also high level of liquidity for gold business. Token holders can easily buy or reclaim tokens on the platform. DIGITAL GOLD is a liquidity supplier allowing the buying and clearance of any large amount of tokens.
There are no expenses or fees that are charged on transactions. DIGITAL GOLD would be used as a piece of token for various business exchanges. Administration charges on the platform are always lower compared to keeping gold at any institution or bank. The charges are little percentage of GOLD holding charged day by day on a customer’s GOLD holding.
A SUMMARY ON THE DIGITAL GOLD TOKEN
The DIGITAL GOLD token has been created as a stablecoin for ordinary use on the platform while conserving resources. Any individual can earn physical gold while staying unknown.
Hence token holders do not need to unveil personal information as it is usually done with physical gold at bank or vault. The token being backed by physical gold also guarantees protection against market fluctuations on the crypto market.
CONCLUSION
GOLD is sponsored by physical gold and its worth is attached to the market estimation of gold. GOLD token is a great addition to the portfolio of cryptocurrencies that can guarantee great stability as a cryptocurrency. GOLD token is a genuine currency to add to the number of digital currencies on the cryptocurrency market even in times of high instability.
USEFUL OFFICIAL LINKS
Official Website : https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
Official Twitter: https://twitter.com/gold_erc20
Official Facebook: https://www.facebook.com/golderc20
Official Telegram Group: https://t.me/digitalgoldcoin
PROOF OF AUTHORSHIP
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2522304