POSTED BY aquascap ON 26-SEP-2019.
For people who desire to make money from businesses, buying, selling, and trading digital gold is one of the things they consider.
But how is it surely done?
For most of us, we would suppose that this is an high-priced funding that will require giant and giant capital. While it is actual that you can not get involved in this enterprise barring enough money in your pocket, a return on investment will actually be beneficial.
Digital gold is one of the most high priced commodities and has a long-lasting value. It did now not depreciate, and that is section of the cause why there are now many digital gold markets that facilitate the change of GOLD tokens today. If you choose to attempt this, right here are the steps you need to follow.
1. Start through digital gold trading. Your goal might be to promote digital gold in the long run, but it will be better if you start checking in your area.
Check the value of digital gold that you have a physical gold presence so you can be sure that token gold has 99.99% FINE physical gold, and you will more or less have an idea of the costs you will have to spend on digital gold. Getting an estimate will help you have a base rate and it will help you ensure that you provide the right price.
2. Find methods for selling and buying digital gold. At present, there are no legal entities serving the sale, purchase and trading of digital gold, except Banko Sentral ng Pilipinas.
Although there are methods of choice for you to worry about in digital gold commercial companies such as local pawnshops and jewelery, or this on the market, they generally do not now have legal permits and they now do not pay taxes. There is no insurance and files when you make a transaction with them so it might not be protected for you.
3. Check your alternatives online. There are also alternatives online where you can trade, sell and buy digital gold on Cryptex.net. Make sure that you check their credentials if they are professional and that they must come up with an insurance plan when making your transaction. https://gold.storage
Real Gold Can Now Be Digitalized for the Crypto Market
Gold has traditionally been a reserve currency for many countries and an vital wealth metric for economies. Today, it nevertheless performs an necessary role in every of these factors, but the issue of digitization of the valuable metallic has been alternatively gradual and broadly speaking confined to long-term storage solutions and not transactions themselves.
With the advent of blockchain science and distribution ledgers, bullion traders, investors and trade groups have been looking ahead to a blockchain-based gold trading and possession solution. Distributed ledger technology’s innate capability to make transactions safer, faster and free from adulteration in the future paves the way.
Digital Gold, a blockchain-based gold company, has announced a digital stablecoin (GOLD) that is backed through physical gold. With the help of the new ERC-20 token, buyers and merchants can own, buy and promote gold digitally based totally on a decentralized ledger.
Now, blockchain-based platform Digital Gold is taking the most secure age-old asset to the digital technology by launching its Ethereum-based GOLD ERC20 compliant token, which represents itself a digital model of gold.
GOLD is niether a new blockchain system, nor simply anther token. It is a digital asset which is primarily based by using tangible bodily gold, which, first of all, potential that its charge is completely steady and now not affected with the aid of market fluctuations. The true gold is stored in a vault owned through BullionStar, a precious metallic maintaining organisation famed for its high-security vaults. Established and positioned in Singapore, customers of the service gain from country wide rules that emphasize sturdy ownership laws.
Moreover, it’s can’t however be mentioned that owing GOLD tokens is for a range of reasons even better than owing real bodily gold. Being totally equal to authentic gold in fee (1 GOLD equals 1 gram of proper gold), GOLD token represents itself a extra invulnerable way to store the treasured metal. Also, the truth that it is digital eases the transactions, which potential that GOLD holders can transact real gold as convenient as any other crypto.
About Stablecoin GOLD
As it is regularly seen in fiat-based stablecoins, the audit of the whole variety of tokens vis-a-vis the whole range of fiat reserves is extraordinarily necessary in deciding the genuine cost of a stablecoin. Fiat-based iterations frequently go through from a lack of transparency in this regard. To put to bed this lingering issue, Digital Gold has underlined the following policies for its stablecoin:
- The total range of all GOLD tokens issued will constantly equal the amount of bodily gold deposited in its BullionStar vault.
- The project’s consumers can verify for themselves the true quantity of gold deposited in the vault through the usage of the real-time audit feature.
- DIGITAL GOLD ensures full liquidity of GOLD stablecoins. Any quantity of digitalized gold can be purchased or offered at all instances on the reputable marketplace of the challenge and cryptocurrency exchanges.
- No hidden fees will be levied. Users have a fixed quantity of 0.99% per annum charged for tightly closed storage. This is amongst the lowest bullion storage costs around the world.
Other stablecoins that are pegged to fiat such as USD or EUR are inclined to financial aftershocks affecting the jurisdictions responsible for those currencies. Gold, however, behaves like a commodity. It nearly constantly rises in value and in case of monetary turmoil, people have a tendency to buy gold, in addition riding up its value.
Using gold’s low volatility, mass appeal, authentic physical backing and the immutable nature of blockchain technology, GOLD token ambitions to grow to be one of the first profitable gold-backed tokens in the world.
DIGITAL GOLD - ERC20 Tokens For Traders Worldwide
GOLD is a new investment asset for customers round the world to without problems invest in valuable, protected yellow metal that is secure and secure. This agency affords top-level security for customers so that their assets remain impervious in digital presence.
GOLD is not just a digital asset. This is supported 100% with the aid of true gold reserves that are saved safely in a secure located in Singapore, which has been continuously selected as one of the most secure cities in the world. A real-time audit of authentic gold reserves is a commitment of the business enterprise and the person will be able to verify and explain the existence of authentic gold bars by using themselves.
General evaluation
As a result, we can outline Gold Token as a variety of digital gold. A challenge has been created that will facilitate your crypto change or make your gold funding safe, quickly and at a an awful lot decrease cost. You will be capable to maintain your gold secure thanks to the unique science of blockchain. GOLD Stablecoin has developed a dependable and high great machine to preserve you up to date with technology. I suppose it is a task that will make a contribution to the development of crypto currencies. I will share the hyperlinks of the assignment and my contact important points in case you prefer to contact me for similarly investigation. Best regards..
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: aquascap
ETH: 0x1521E5141545090bc80FaFA7c2a5f4b75221c845