Digital Gold Exchange a South Korean gold-backed blockchain business has gone live with its main public sale.
Bitcoin technology has taken the next evolutionary step with the launch of the Digital Gold Exchange ICO
In partnership with the Korean Gold Exchange, the South Korean company has delivered users the opportunity to convert coins into real gold and will include other exchanges as part of their ecosystem in the near future.
The MDG and TMTG coins represent a truly unique opportunity for users as it gives participants the safety and security of being able to convert their tokens into the world’s oldest and most valued asset.
Digital Gold Exchange was born out of the idea of addressing the lack of practical use
s for cryptocurrencies and has focused on the construction of an ecosystem that gives virtual currency and exchange point for fiat currency and tangible assets.
The TMTG Project created by the DGEX gives users to two types of tokens on the platform:
TMTG Token
Based on Ethereum (ETH) The Midas Gold Touch (TMTG Token) is the primary medium for maintaining and vitalizing the Digital Gold Exchange (DGE) constructed through the TMTG Project. This token will give participants the opportunity to purchase other cryptocurrencies on the DGE platform. The TMTG tokens are not tied to the value of tangible assets such as gold and as a utility token are only a means of purchasing virtual currency on the platform.
MDG Token
MDG Tokens are a unique token that is only tradable on the DGE platform which is pegged to 1g of gold as a certificate. MDG token is representative of real gold so the price of the token is associated with the price of gold at the time of purchase. MDG Tokens can be purchased on the DGE Platform with
Digital Gold Exchange (DGE)
Digital Gold Exchange (DGE) is the online exchange that allows users to exchange TMTG tokens which can be used to purchase MDG Tokens (Digital Gold) or real gold. Users are able to access the DGE through any online network to conduct trades or convert Digital Gold to real gold.
DGE is has been specifically tailored to allow for TMTG Tokens and other virtual currencies to be exchanged for real goods.
Benefits
The platform gives participants official transactions at market price and an easy to use simple interface that can allow users to convert their currency into other tangible assets.
The roadmap for the DGE includes an expansion plan into other commodities including diamonds, white gold, platinum and the addition of further exchanges in the near future.
To find out more about the Digital Gold Exchange and participate check out the official website.
