Introduction
The precious metal, gold has always being a prestigious asset. As a matter of fact, among almost all metals, gold always comes with such great esteem, obviously due to the high value placed on it for several years. As the years passes by, many individuals have tried preserving gold for several uses. Many social and economic activities have placed a great incentive on gold, this has really projected the value of gold. Interested parties such as commercial enterprises and other related groupings have always seen gold as an asset whose value is always upheld by many across the globe. The value of gold have increased steadily over time and this makes it a worthy coin.
THE CONNECTION BETWEEN GOLD AND BLOCKCHAIN
The introduction of blockchain brought about bitcoin. Initially, blockchain technology gave prominence to bitcoin, but with time, it has also helped in the development of several other cryptocurrencies popularly referred to as altcoins. In this technological era, it has also been acknowledged that gold, which is a popular precious metal, can also be easily digitized, which is a great chance for many people to appreciate cryptocurrencies.
THE TOKENIZATION OF GOLD
Digital Gold is a blockchain-based token. This is a great step to help in the digitization of physical assets, precisely gold to the next level and into the cryptocurrency market, as well as the larger financial market. The team at Digital Gold hopes to achieve this by means of allowing customers to buy stakes in gold. More details on that can be found on the official website; https://gold.storage/
The Gold token is an Ethereum or ERC20 based token. The token can easily be sent or transferred to any part of the world, without any expenses, since there are no extra charges or cost that comes with transactions involving Gold tokens. Clients are allowed to make unlimited number of transactions since there are no extra charges or cost that comes with transactions. The only charge is the gas price that are charged by the ethereum network. Again, customers of DIGITAL GOLD platform customers can always have a desire to get a touch volume of the property that is charged each day. It's important to reflect on consideration on that the assist fee charged is realistically the same or decrease when compared with the prices of sparing gold in a storage vault. Clients are also obliged to take note of the 0.99% yearly storage fee.
WHY CHOOSE GOLD?
It is an already established fact that gold is a metal worth keeping at all times: Regardless of wherever one may be in the world, the United States Dollar (USD) has always been a popular currency for keeping funds, while the projections of the dollar sometimes drops according to different economic standards, this situation mostly push people away from having faith in fiat currencies hence trusting in ventures such as gold for the safety of their funds, which clearly confirms how valuable gold is. The value of gold nearly significantly increased somewhere between 1998 and 2008, coming to the 1,000-an-ounce milestone in the middle of 2008 and almost multiplying somewhere between 2008 and 2012, hitting the 1800 - $1900 mark. The devaluation from the USD came as a result of different reasons, which includes the United States big spending budget and alternate shortages and a large addition to the cash flow the cash.
When it comes to security involving physical gold: This is seen as a function of the length of time it takes for the price of gold to fall while commercial enterprise motion eases again and the marketplace is challenged with the aid of over the top responsibility, in the event of poor performance on the cryptocurrency market. People always want the safety of their funds, they mostly find solace in gold.
DIGITAL GOLD
Digital GOLD through the innovative Gold Token will provide a great route to boost people interest in physical gold. The Digital Gold venture didn't organize any ICO, as no crowdfunding was also made. All funds for the project are self-sponsored, hence the GOLD token provides a alternative means to get hold of real gold.
Conclusion
The integration of blockchain into gold dealership would provide a good payment option due the stability of the Gold token as a stable cryptocurrency. This is a great time for interested persons to be part of this revolution.
For more details, kindly visit the links below;
Website: https://gold.storage/home
Whitepaper: https://gold.storage/wp.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5161544
Telegram: https://t.me/digitalgoldcoin
FACEBOOK: https://www.facebook.com/golderc20
TWITTER: https://twitter.com/gold_erc20
MEDIUM: https://medium.com/@digitalgoldcoin
REDDIT: https://www.reddit.com/r/golderc20
PROOF OF AUTHORSHIP
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2511518
