Fine gold as a precious metal has always been with humans since ancient times but through blockchain technology, GOLD TOKEN has been developed to help investors who want to safely and securely buy, trade and store real gold. Through the Ethereum blockchain platform, individuals can buy and sell gold with ease. I never understood the platform by DIGITAL GOLD until I exchanged my Gold token for bitcoin within some few minutes. Users of the platform can also decide to Exchange Gold token for ETH on the marketplace on the website: https://gold.storage/market
This GOLD TOKEN has the capacity to revolutionize physical gold dealership since the price of the GOLD TOKEN is same as that of physical Gold , this means there are no chances for price fluctuations that is usually seen on the cryptocurrency market since Gold token acts a as a stable coin.
THE FEATURES OF THE DIGITAL GOLD COIN BACKED BY REAL GOLD
There is price stability with digital gold token unlike the general crypto market, where there is constant price volatility. With crypto, prices are easily manipulated by few wealthy individuals commonly referred to as whales who can easily pump and dump the price of cryptocurrencies. GOLD TOKEN is unique since there are no room for any form of price manipulation because the price is pegged to gold and we understand that the price of Physical Gold is fairly stable and hence acts as a good investment for investors who are scared to invest in cryptocurrencies due to price fluctuations.
From keen observation, anytime the price of Gold goes down it always rise within a short period of time. A gram of gold was sold for as low as $5 some years ago but currently, the price of Gold can go as high as $50 and above. Clearly, for those who bought and stored Gold a few years have made profit today. This would definitely be the case with GOLD TOKEN in the very near future, each investor of DIGITAL GOLD would make a huge profit as the price of Gold appreciates.
With modern technology and essentially blockchain technology, there is great transparency. Digital gold being transparent is the fact that the platform is created on the blockchain with ethereum smart contract. Hence all users watch the information and learn about Gold and how secured the platform is. Hence there is no need to worry about false information since audits can easily be done and everyone is able to know the amount of GOLD TOKEN that is stored and amount in circulation at any point in time.
With blockchain, every data stored cannot be altered, this makes it trustworthy hence customers can always rely on the GOLD TOKEN platform and all details related to the platform through this link: https://gold.storage/en-US/audits
Through the high level of transparency, there is always a good control over the supply of Gold token in circulation hence there is never an issue with liquidity and at the same time, encouraging high demand for DIGITAL GOLD tokens. To ensure enough trust on the platform, there is an independent Audit company to ensure that accountability is achieved at all time with the GOLD TOKEN.
THE DECENTRALIZED MARKETPLACE
With DIGITAL GOLD, all prospective investors can always buy and sell any amount of Gold token without any form of limitations. The Digital Gold Marketplace is designed in a way that allow all users across the globe to buy, sell or even hold any amount of Gold token that a customer can afford. The platform is much decentralized hence there are no manipulations. As I have already stated at the beginning, with Digital Gold Marketplace users are able to exchange their BTC or ETH for Gold and vice versa, although this also depends on Ethereum network within a short period of time. The interesting aspect is that there are absolutely no barriers on the GOLD TOKEN Marketplace which is very user friendly and also highly safe, fast and secure. Users must only ensure that transactions are initiated directly from their personal ERC20 compatible wallet such as Imtoken, Trust wallet, MEW and other ERC20 tokens based wallets.
When it comes to transfers, it is also worth noting that in sending Gold tokens to the website for ETH or bitcoin or in receiving GOLD tokens by exchanging ETH, there are absolutely no transfer charges except the Ethereum Gas fees. There are also no other trading or withdrawal fees paid on transactions on the Digital Gold Marketplace. This is simply unbelievable right? Interestingly enough, 1 GOLD TOKEN is sold at the same price as 1 gram of physical Gold. This makes GOLD TOKEN very unique and different from other stable coins on the crypto market. When it comes to cryptocurrencies, each token of most stable coins are mapped to $1 equivalent thus the price only remains at the initial pegged rate. The case is different with Gold token as the price moves alongside the price of Physical Gold at any point in time.
CONCLUSION
Investing in a Gold token is the same way as investing in physical Gold, but Gold Token is beneficial since the platform is digitized and secured hence no need to stress yourself like acquiring physical gold. The security challenge that always comes with investing in physical Gold is not an issue when it comes to the DIGITAL GOLD platform. For instance, there is no chance for any misfortune or disaster that can cause one to lose his/her Physical Gold. This amazing initiative by DIGITAL GOLD offers a unique way to buy, sell and store Gold and earn profit in a very simple and digitized manner.
For more details, please use the links below:
Website: https://gold.storage/
Whitepaper: https://gold.storage/wp.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
Twitter: https://twitter.com/gold_erc20
Reddit: /r/golderc20
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