INTRODUCTION
DIGITAL GOLD employs blockchain technology in the tokenization of gold to create Ethereum-based tokens which are compliant with the ERC20 protocol. These tokens known as the Digital Gold Token(GOLD) serve to supply liquidity for bodily gold of excessive purity(99% FINE gold) which are safely stored in the company’s vault.
In case you’re questioning whether or not the vault may want to be empty,(because I thought of it), the vault is audited with the aid of BullionStar with which the project has entered into a partnership. This is to ensure transparency and to verify that tokenized gold is safely stored. Whenever any gram of gold is tokenized, a corresponding amount of gold is bodily committed to the company’s vault and the quantity of gold saved can be confirmed at any given time.
UNIQUE FEATURES OF DIGITAL GOLD
The DIGITAL GOLD project will help buyers make the proper preference even earlier than the Gold Token except requiring customers to comply with elaborate procedures, Digital Gold displays evaluations that will assist locate the most foremost choice from the world market market. Buyers can verify the authenticity of Gold Tokens by using actually transferring from Ethereum-based ERC20 Tokens. Furthermore, Gold Token customers will be capable to at once gain from the long-term gold fashion of rising cryptocurrency market two.
ADVANTAGES OF DIGITAL GOLD
Gold is an asset that has tested its value over hundreds of years. Its unheard of long time period buying strength balance has made it the protected heaven asset of choice. DIGITAL GOLD as a token fully backed via physical gold, is your hedge against volatile rate swings and poor cypto market conditions. The token can be immediately bought, offered and transferred making it a notable addition to your portfolio.
Make repayments in DIGITAL GOLD with simply no transaction fees. This capacity that you can make as plenty repayments as you like every time you need to, free of charge. DIGITAL GOLD can even be used for each day monetary movements such as payments to your friends and enterprise transactions. Service prices are similar or lower to storing gold at a depository or bank, with no trouble or paperwork. The cost is a small percentage of GOLD preserving charged every day on your DIGITAL GOLD balance.
100% of DIGITAL GOLD is backed by physical gold. Amount of physical gold stored can be matched against the total number of tokens in real-time. All physical gold stored in vault is fully insured, 100% of the time.
The insurance covers all risks at full replacement value and is provided by one of the world’s largest insurance specie underwriters, Chubb Insurance. Storing physical gold on your own has a number of inherent dangers/problems that can be avoided by using DIGITAL GOLD. Such dangers include home burglary and security risk going to and from the bank, if you choose to store gold at home or limited access if you choose to keep your gold at a bank.
Token issuer company, DIGITAL GOLD LTD, is a liquidity supplier enabling purchase and sale of large amounts of tokens very close to market price. Token holder can instantly purchase or sell tokens at this website or partner exchanges.
While using DIGITAL GOLD, you are not bound to local business hours that may prevent you from accessing and selling physical gold at a favorable price or if an urgent personal need arises. There is no need to physically take gold to a dealer to be sold. DIGITAL GOLD token’s liquidity is exceptional, because the tokens can be sold 24/7.
It is a common knowledge that physical gold dealing requires disclosure of personal information and compliance with local regulations that vary widely from country to country. In the age of NSA, and almost everyone urge to collect data, DIGITAL GOLD is your opportunity to own physical gold while remaining private.
The Lindy effect is a concept that the future existence expectancy of asset or technological know-how is proportional to their current age, so that the longer the asset exists the longed future lifestyles expectancy. Applicable to gold, that has officially lost its role as money, but has thousands of years in the back of it making sure its cost for centuries, if not thousands of years to come.
Stablecoins had been made to be utilized the manner in which cryptographic types of cash have been deliberate — as an oversimplified, balanced out, versatile, and invulnerable approach for exchanges. All things considered, most organizations, naturally, don’t seem to be keen on tolerating a money like bitcoin that can also tank in really worth the following day.
The Problem
As treasured as gold is, we can’t deny the reality that solely the powerful people have the get entry to to exchange it. This is because of the problematic strategies and the excessive purchase requirements that are required before having to exchange with it and as such, an average character is being discouraged from trading gold.
Having stated these, we ought to also be conscious of the new tokenised gold machine that is being developed to permit for easy bridging of the hole between the gold and digital ecosystem, however then this conventional system isn’t ideal enough as it is being faced with challenges as nicely such as inability to use and alternate and additionally lack of applicable security.
The Solution:
Digital Gold This is an Ethereum based platform that allows people to anonymously buy, sell, store and trade investment grade gold easily.This is being achieved by creating an ERC-20 based gold token which is being backed up physical gold and stored in the company’s secured vault, hence the volatility of the token is highly reduced making it a stablecoin.
So as to encourage further liquidity for GOLD, it will be recorded on more trades. GOLD is accessible for buy on https://gold.storage and https://cryptex.net/trade/GOLDUSD
CONCLUSION
The Digital Gold Platform has the stuff to upgrade the coordination of the physical gold into the cryptocurrency market. This joining made conceivable by the digital gold platform would improve our way of life, move the cryptocurrency market to its crest, and improve the world's budgetary, modern and monetary division. Additionally improving an expanded interest in the exchange of unadulterated physical Gold.
To know more about this great project, kindly visit the following links:
Website - https://gold.storage/home
Whitepaper - https://gold.storage/wp.pdf
Telegram - https://t.me/digitalgoldcoin
Author's Details:
BITCOINTALK USERNAME: Bosslady2020
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=2679134;sa=summary
