The Digital Gold Platform is a blockchain project, designed to encourage the adoption and the digitalization of the financial markets, and their apparent investment instruments. Digital Gold Platform hopes to achieve the adoption and digitalization by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based GOLD token. It means literally that the Gold token platform will provide a token named Gold token which will be based on the etherum smart contract Blockchain and equally be used to weigh the value of Gold. The price is stable and impressive and it is weighed in correlation to the true values on the Real Gold itself.
The establishment of the Gold token on the Etherum blockchain makes it easy to achieve variance of benefits such as:
- Low cost of transactions
- Network security
- Market transparency
- Enables Liquidity on various listed exchange platform
- No hidden charges
- Encourages Gold token to act as a medium of exchange and also mode of payment.
Digital Gold provide users for the first time the capability to easily carryout anonymity trading. Digital gold is has in it a variety of very effective facets that can resource the use of blockchain for the digitalization of asset thru the buying of gold using token.
Ensure purchaser accessibility to affordable token with no switch expenses attached, the digital gold token leverages on the Ethereum ERC-20 support to make certain an handy sending of tokens to anywhere, any day and every time with no fear of incurring exorbitant switch cost, the lower priced token additionally do away with the want for constrained repayments Although customers are expected to pay a very minimal gas tax charged with the aid of Ethereum on transfers. In different to make certain the sustainability of the mission and additionally the full dedication of the user,digital gold expenses yearly a very minimal 0.99% on storage which is quite minimal when in contrast to the value charged through erstwhile contemporaries like banks & depository.
To determine these challenges, the opportunity of gold-supported digital types of money has risen. These economic forms work likewise as ordinary digital forms of money, then again, actually they are supported through authentic gold, through dispensed or unallocated gold stockpiling. Stablecoins are a type of benefit supported cryptocurrency which was created to address crypto's preposterous cost swings. A stablecoin is a cryptographic shape of money whose well worth is "pegged" to assets with stable well worth consisting of fiat monetary forms (for example USD, EUR, and so on) and valuable metals. Gold-upheld digital financial standards are great kinds of stablecoins, the estimation of which are pegged to that of gold. Consolidating the ingenious capacities of the blockchain innovation with gold offers the nice answer for the fantastically unstable cryptocurrency showcase.
Advantages Derived From Digital GOLD Platform
- Stable coin and protection against market volatility
One of the major problems faced in the current gold market is volatility, digital gold platform offers stable coin by pegging each gold on the platform to their respective spot price, this saves the users and customers from the market volatility risk in the crypto currency market.
- Guaranteed liquidity
Digital gold offer sure liquidity at all time for it customers this is done by allowing self independent life audit thereby exposing the number of tokens in circulation and the amount of stored in the vault
HOPE FOR THE BLOCKCHAIN TECHNOLOGY
- Application of blockchain
The application of blockchain on digital gold platform offers the platform some features some which include; offering of smart contract functionality smart contract is a set of computer protocols that allows execution of transaction based on the agreed terms between the two parties involved. cheap rate transactions carried out through the Ethereum blockchain, protection for all confirmed transactions, guaranteed network security, transparency in market, support for all ERC-20 wallets, unlimited number of transactions and support for transactions using the GOLD token on partner exchanges.
THE DIGITAL GOLD MARKETPLACE
This platform is further creating a marketplace for gold business where investors can easily buy, sell and transfer gold. Right on the platform https://gold.storage/market, you will able to buy, sell and transfer gold with GOLD token. The platform also partner with other Exchange in buying and selling of GOLD i.e Cryptex https://cryptex.net. The Digital Marketplace are user-friendly and they offer adequate services to the users of the marketplace. This medium will be used to easily facilitate and effectively buy and sell Gold in ease.
Roadmap
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For 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 : kbitnss
Wallet : 0x304468e67125078561463198F14AC00c68Bb7020