Getting to Know Digital Gold│ The world of fintech, in particular, is indeed developing. The merging of financial services with this technology changed the business model that was initially conventional to moderate. Call it a digital wallet, which allows us to make long distance transactions in just seconds. While initially we have to meet face to face and bring cash to make payments.
It turns out that not only the business of paying and paying can be done digitally. Investing is much easier with the development of this technology, especially gold investment, which will later be referred to as digital gold investment / saving gold.
We must get to know about https://gold.storage/
DIGITAL GOLD employs blockchain technology in the tokenization of gold to create Ethereum-based tokens which are compliant with the ERC20 protocol. These tokens regarded as the Digital Gold Token(GOLD) serve to supply liquidity for bodily gold of high purity(99% FINE gold) which are safely saved in the company’s vault.
In case you’re wondering whether or not or no longer the vault ought to be empty,(because I notion of it), the vault is audited with the aid of BullionStar with which the venture has entered into a partnership. This is to make sure transparency and to verify that tokenized gold is safely stored. Whenever any gram of gold is tokenized, a corresponding amount of gold is bodily committed to the company’s vault and the extent of gold saved can be tested at any given time.
To facilitate an easy, superb and environment friendly purchase/sale system, the Digital Gold challenge has opted for the advent of a marketplace. By the usage of the Digital Gold Marketplace, users can in reality fill out a structure that initiates a clever contract, which then transfers the newly-minted GOLD tokens. The Marketplace acts as the awesome desire for GOLD token purchases and sales, as it lets in customers to elevate out these transactions instantly.
With this in mind, customers must enter the sum they desire to buy and the ERC20 Ethereum tackle the location the tokens will be credited. Users are moreover authorized to enter non-obligatory details, like their BTC return address, or electronic mail address for email-based confirmation of the purchase. Once it is genuinely functional, the market will guide each purchases and income of the GOLD token.
Read more whitepaper for a project because it's more important.
Differences in Conventional Gold Investment and Digital Gold
Conventional Gold Investment
- All transactions are done offline, starting from asking price, buying, selling, and purchasing
- Minimum purchases start from 0.5 gram
- Price includes certificate fees
- Physical gold is stored by the owner
- Need storage
Digital Gold Investment
- Transactions are carried out online through digital applications or the Cryptex.net exchange
- Minimum purchase starts from 0.01 gram (depending on platform)
- Price does not include certificate fees. So it is cheaper than buying physical gold
- Digital gold to purity is the same as physical gold stored in the BullionStar stand.
- No storage required. Enough in the wallet Myetherwallet, MetaMask, Ledger Nano S, Trezor, Guarda.
So I think it's easier to invest in digital gold located at https://gold.storage/en/market than physical gold,
Many benefits for you when facing the future with all modern payments using blockchain.
Frequently asked questions about Digital Gold Investment.
Is it safe to invest in digital gold?
Whether or not safe to invest in digital gold depends on the choice of the digital buying and selling platform that you choose. My advice is https://gold.storage is the safest and already has its own market that was audited by the world-famous ChainSecurity company located in Switzerland.
How to choose a safe digital gold platform?
Choose a platform that has visible credibility like Gold.Storage. For consideration, find out how long the platform has been standing, but what I know is Gold.Storage has been around for a long time and has its authenticity gold stored at Bullionstar.
How to start digital gold investment?
After you have decided on the digital gold platform you chose at https://gold.storage/. The next step is to visit the official website or go to Cryptex.net. After that, register there to buy GOLD tokens there as much as you can or you can follow this method https://docs.google.com/document/d/1x7TSS0MxyYnVMLCZqzKCdPtuNyDeHhNC2lXd_mZveLc/edit
Can my digital gold be withdrawn as physical gold?
Yes, in the future, your digital gold can be exchanged for physical gold, because right now the team is developing it so it will continue to be perfect. Make sure your digital gold meets physical gold units (from 1 gram to 100 grams). You can take the physical gold for the future.
Can I sell my digital gold directly from the application?
Of course, I can. In view of the Q3 road map they will soon release IOS and Android based applications so after the launch of the application you can sell digital gold directly from the application.
Important Factors to Look For when Investing in Digital Gold
When choosing to invest in digital gold, there are a few things you should pay attention to, namely:
Monitor prices
The first thing to do when deciding to collect digital gold is to monitor digital gold prices on the exchange. Make sure, you make a purchase when gold is at the lowest price. Keep in mind, the price of digital gold is quite volatile, although the difference is not too large.
Real existence
When choosing a digital gold investment, you must ensure that the digital gold that you buy is equipped with its authenticity gold. The source is an indicator of the quality and authenticity of gold. The existence of this source also provides convenience when you sell digital gold.
Purity level
The level of purity of digital gold can not be missed from your attention. If you choose digital gold investment, make sure that the gold you buy has a purity level of 99.99%. https://gold.storage/en/home
Conclusion
- Digital gold investment is the activity of selling, buying, and collecting gold through applications, both through smartphones and PCs. So practical.
- Digital gold investment starts from the smallest gram, depending on the platform it provides. In general, you can start from $10
- The price of digital gold is cheaper than physical gold, because it hasn't been charged a certificate yet. You will only be charged a certificate fee when you make a withdrawal (physical gold).
- Choose a digital gold trading platform with clear permissions, so you feel safe and comfortable. https://gold.storage/
More Information Digital Gold :
Website : https://gold.storage
Telegram : https://t.me/digitalgoldcoin
Twitter : https://twitter.com/gold_erc20
Whitepaper : https://gold.storage/wp.pdf
Medium : https://medium.com/@digitalgoldcoin
Author; bekti3
ETH: 0x268bC4B2aDE8C75465B25959C1710EA4Cf8b29B0