Gold is one if not the most lucrative investment ever in the world. As lucrative as this Gold seem to be, its downsides are enormous. On daily basis, people seeks to have their greater part of their investments on Gold. But they are not without the fears of " how do I secure my gold" "how safe do I store my gold", " where do I store my golds". Even the rich who has a lot of their investments on gold are not safe as they are often object of target to scams and thieves.
However, a change and a better revolution is here to put all this to an end. This beget the inception of the Digital Gold. You and I will agree that the world is going global with new technologies evolving on daily basis to better our lives and experiences. The revolution of Digital Gold is to eliminate all the difficulties with gold and to further encourage trading of gold assets in a more decentralized and blockchainized manner.
Digital Gold is a project that utilizes blockchain technology designed to encourage digitalization of the financial market through GOLD Token under the ethereum (ERC-20) network. The use of gold-based blockchain is indeed not a new concept. This concept offers a more economical, efficient and effective transaction without forgetting aspects of transparency and security. Customers can buy GOLD Token instantly, with each GOLD Token value equal to one gram of 99.99% fine gold stored in the company deposits. This indirectly allows all users to use gold as a payment medium, saving assets in other interests without having to save physical gold so that it is safer and more comfortable. The GOLD Token is currently pegged to the value of spot gold prices and makes users protected from the price volatility of the cryptocurrency and makes it possible to take profit in the long term as the value of gold is always increasing from year to year.
The Digital Gold Project is not an Initial Coin Offering where there are no crowdfunding or fundraising from the public. All operating costs are self-funded, so each Gold Token acquisition results in the purchase of instant physical gold based on the smart contract. The GOLD Token community can now take advantage of the Digital Gold Marketplace to sell and buy GOLD Token instantly without a large fee. With GOLD Token, the gold undergoes a fundamental change in function. Not only as a medium of investment or saving wealth, but can be used as a medium of payment that is generally accepted throughout the world. This is certainly good news for all of us, especially gold lovers.
Features of using Digital Gold token at Glance
- DECENTRALIZATION
- TRANSPARENCY DUE TO SMART-CONTRACT BASED TRANSACTIONS
- IMMUTABILITY OF TRANSACTIONS RECORDS
- TRUSTWORTHINESS OF TRANSACTIONS
- HIGH LIQUIDITY
- CROSS-BORDER TRANSACTIONS
- ASSET SECURITY (SECURE GOLD OWNERSHIP)
- COMPANY'S SECURE VAULT CERTIFICATE
- HASSLE-FREE TRADE OF GOLD TOKENS
- LOW TRANSACTION FEE ( ETHEREUM NETWORK FEE ONLY) + NEGLIGIBLE ( 0.99%) ANNUAL STORAGE FEE
How to Buy Digital Gold Token On Their Platform
For the review this time I will give an example to buy Digital Gold with Bitcoin, Overall all steps for selling the Gold are almost the same and I'm sure you will understand after reading this Gold Buying step.
First, if you want to buy Gold in the form of Tokens, you need to prepare a coin (Bitcoin or Ethereum) and do a calculation on their marketplace platform to get the desired results and click the exchange button afterwards.
Second, after the calculation process is complete, you need to fill in several columns of information for your details. You need to write the bitcoin / ethereum address that you will use to send bitcoin / ethereum to the address that will be requested later, you also need to fill in the ERC-20 Address to receive the Gold token after all the transaction processes are completed and also you need to fill in the Email column to receive more details of your transaction, last, slide their Tos Agreement.
ADVANTAGES OF GOLD STABLECOIN
The volatility of cryptocurrency is one of the reasons why many people are still scared of coming into the system. So as an investor in the crypto space, you must stay alert with the crypto market in order to play safe. By doing this, you will know when bearish market is coming or when bullish market is coming. However, it is very difficult to keep pace with the market movement always, because you can't always stay on the system monitoring market nor constantly following market.
The answer to the volatility of cryptocurrency is stablecoin. This type of coin or token usually have a constant value and it does not get affected by the market volatility. This is exactly how Gold token is all about. The Gold token will have a value that is the same as that of the value of gold and will increase as the gold increases. The Gold token is a stablecoin that pegged with the value of physical gold.
The Gold token was designed to be equivalent to a unit karat of physical gold i.e
1 Gold token = 1 gram of 99% of pure pure gold
REASONS WHY YOU MUST INVEST ON GOLD
Gold is the only asset that grows in price always, it never depreciate. The price of gold normally grows during time of crisis where the demand will be higher than the available gold and these will make the price grows up; even though if the crisis ended, there will be lack of money for people to buy gold. Again, government do drop interest rate of gold market; this will make many people to go into it and the demand will go higher. As demand go higher, the price will also go higher. So gold market always increase in value, it can't depreciate beyond your capital assets, and that is a major reason why is good for everybody to invest on gold.
Conclusion
Cryptocurrencies are consistently evolving. The GOLD-backed formulation of Digital Gold is a step in the proper direction. In the future, it would help investors, and indeed the crypto neighborhood has full control over the fee of their assets, even in bearish markets.
I do not have a doubt about the future dispositions of this project. Gold is one asset that would not trigger lots diminishing returns but instead will increase over time. On that note, I am confident that Digital Gold would reap its milestones and even do better in the coming months.
Learn more about what are the investment weaknesses that you will choose, will prevent you from losses that may arise due to mismanagement of investment funds. By knowing what are the advantages and disadvantages that will be caused, can help you anticipate the possible losses incurred. So, interested in investing in gold?
USEFUL OFFICIAL LINKS :
Website : https://gold.storage
Whitepaper: https://gold.storage/wp.pdf
Twitter: https://twitter.com/gold_erc20
Facebook: https://www.facebook.com/golderc20
Telegram Group: https://t.me/digitalgoldcoin
Author : jhozbitz
Wallet : 0x8368a4B26Cc4909D63307635D0a17d9C68464636