Dear friends, these days I will proceed to introduce you a task known as DIGITAL GOLD. This mission is known via a friend of mine, and I will inform you some information about this project.
Gold Stablecoin is a computerized electronic cash source supported with the aid of real gold, purchased each time the token is released and enlisted in a trustworthy secure in Singapore.
Stablecoin more and more attractive is basically more fixed than ordinary digital money. This is primarily based on proof that first-class is related with other assets (such as US bucks or gold).
Therefore, stablecoin appreciates the many advantages of not having a password (simple, safe, secure, no specific size related to most electronic currencies.
As a simplified, balanced, flexible and safe approach to exchange. Everything is considered, most organizations, naturally, are no longer involved in accepting a money such as bitcoin that may additionally be valid the next day.
Digital Gold is a project created to again cryptocurrency with bodily gold. Digital Gold thinking is to make cryptocurrency adopters to have a insurance in physical gold whilst investing on digital currency. This makes the platform to create a cryptocurrency known as GOLD; it was built on ethereum blockchain and it is fully backed via physical gold. The targets of Digital Gold is to decorate the financial market of cryptocurrency. The GOLD token was once designed to be a stablecoin which the fee will not be altered irrespectively the volatility of crypto market and it is going to be peg to the specific price of bodily gold.
What is the difference between real or fake gold?
The definition of real gold right here is pure gold or a hundred percent gold. This treasured steel is surely as a substitute soft. When made jewelry will minimize its durability. Therefore, craftsmen commonly combine it with other metals. For instance silver, lead or bronze.
When it is mixed, of path the gold content of the object decreases. For example only 70%, 80%, 90%, and so on. This unit of content is typically referred to as rust. And pure gold equals or equal to 24 carats.
The less gold the more cost effective the price of the jewelry. If it is very little, you should say faux gold, particularly if it would not contain gold at all? It's referred to as imitation gold.
This is the way to find out real or fake gold
From ancient times until now, gold is seen as a precious metal. The price is not asked. It has a beautiful glossy look and expensive sale value making it a lot of people hunted. As a result naughty elements falsified it for profit.
Luckily for them, loss for us. To avoid this, here are 7 ways to recognize real or fake gold which Uangindonesia.com summarizes from various sources.
If gold is already in the form of jewelry, observe the surface especially the inside. Usually there will be a sign / stamp number 999.9 or it could be in the form of rust in the form of writing 10K, 14K, 18K, 22K, or 24K. Maybe the writing is very small so you need a magnifying glass.
The second way to find out gold or genuine is to pay attention to changes in color. Try rubbing a little on certain parts with your fingers. If the scars appear discolored, it means fake. This method should be tried on gold bars only.
Although this method is not recommended, but some people still practice it. Real gold has a rather soft characteristic. If you can press the teeth will show bite marks.
Gold is not a magnetic metal. So when brought near the magnet will not stick. Even so, if the test results were not interested, it does not mean it is definitely gold. In this case it must be further checked.
Gold Stablecoin in the form of Tokens
GOLD stablecoin is neither an altcoin nor a new blockchain. GOLD tokens act as a digital illustration of the gold saved in a secure vault storage owned by using BullionStar – a world-famous international company of options for precious metals storage located in Singapore – one of the main financial facilities with strongest possession rights in the world. Therefore, GOLD stablecoin is simply as secure as bodily gold, and at the equal time, it’s plenty less difficult and less expensive to shop and transact it.
The complete variety of all GOLD tokens issued will continually equal the amount of bodily gold deposited in the BullionStar vault.
The project’s clients can verify the authentic amount of gold deposited in the vault with the aid of using the real-time audit feature
DIGITAL GOLD ensures full liquidity of GOLD stablecoins. Any quantity of digitalized gold can be purchased or offered 24/7 on the reputable market of the project and cryptocurrency exchanges.
Unlike cryptocurrencies pegged to US Dollar, Euro or different fiat currencies, your GOLD tokens cannot be expropriated or frozen while physical gold is placed in a secure vault in a jurisdiction with sturdy ownership rights. There are no hidden fees; the project presents free transactions between holders and the lowest annual storage fee of 0.99% (0.0027% per day).
The organization plans to further minimize the storage rate in the future and implement a bendy rate policy.
The founders of DIGITAL GOLD are certain that GOLD stablecoin will develop to turn out to be one of the key elements in the international cryptocurrency ecosystem. Unlike BTC, GOLD is characterized with the aid of extremely low volatility. At the equal time, as adverse to fiat-pegged stablecoins, GOLD will continuously grow in fee relative to all fiat currencies following the amplify in the rate of gold relative to these currencies triggered by inflation.
Conclusion
DIGITAL GOLD Virtual currency is legal tender, is backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. The information does not constitute investment advice or an offer to invest.
Links
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2540769
Bitcointalk Name: rivetzfork
