GOLD is a digital crypto currency asset (token) backed up by physical gold and issued on the etherum blockchain (ERC-20) which is purchased every time a token is issued and stored securely.
GOLD token is the safe, convenient and quick solution that serves many purposes from investment and portfolio diversification that I discussed earlier in a bid to ensure the security of every transactions you make as a crypto currency enthusiast as well as the gifts you send to your relatives.
GOLD is a transparent financial asset unlike the banking system with so many secrets, with Gold as a token, the physical gold purchased by the Gold company is easily matched in real time against the amount of issued Digital Gold tokens. And we only have atleast 7,200 Gold tokens minted for use.
The digital gold understands the adverse effects of market volatility beguiling the efficiency of most cryptocurrency transactions and so its ensures a stablecoin by pegging the token to the value of gold spot price, with modalities that give users the opportunity to enjoy a longer and a much more consistent gold price rate.
There is no need for users to entertain fears on the liquidity of this gold because digital gold provides an independent live audit that can be verified to ascertain if the exact number of tokens in circulation is actually equal to the quantity of physical gold stored in the vaults.
Blockchain is a unique technology likewise the precious gold metal and so the collaboration of gold and blockchain using the digital gold project as a bridging factor makes the duo a force to reckon with in the world financial market. It also provides innovative features that create low-cost transactions, effective immutability, impervious security infrastructure, optimal smart contract functionality, full market transparency with requisite support for ERC-20 wallets and alliance/compatibility partner exchanges.
The parent company is a liquidity supplier and so users of the digital gold innovation are also at liberty to utilize the digital gold marketplace to carry out unlimited buying and selling at little or no cost except for the very minimal annual service fee and gas tax ethereum based transactions.
Why chosen to be stablecoin?
The crypto are market are very volatile unlike the normal commodity market. This is why for you to excel in crypto business, you must be aware of every single development of the crypto market to know when to pull in or pull out. But one funny thing about the crypto market is that, no matter the level of your understanding of crypto market, there are days the bearish market will catch you up. These are reasons why stablecoin is more preferable to volatile coin. The stablecoin is the type of cryptocurrency that has a stable price. As an investor, you can make a trade on stablecoin and travel for a break without having the fear of bearish market.
Gold stablecoin backed by physical Gold
The challenges of stablecoin is that they are most affected by inflation, but Gold token is the stablecoins that can address that challenges because it was backed by physical gold. GOLD stablecoins are not affected by high-volatility and it preserve it's internal value. Since the price of gold will keep increasing, the value of Gold token will be increasing as well. So the difference between Gold stablecoin and other type of stablecoin is that, Gold stablecoin are backed by physical gold while others are not. Again, the value of other stablecoin does not rise but the value of Gold stablecoin rise in accordance to how the price of pure gold ride.
The digital gold marketplace
The Digital Gold project was created in order to facilitate an easy, effective and efficient purchase system for gold market. The Digital Gold marketplace will also serve as an avenue for buying and selling of Gold token. In Digital Gold marketplace, the pricing information of gold will be displayed for everybody to see. The Digital Gold marketplace is very secure and they are equipped to offer regular customers services to the users of the platform. The marketplace was designed to suit web base and also be compatible mobile application.
Here is the short link of the Digital Gold marketplace: https://gold.storage/market
Benefits for Digital Gold holders
Conclusion
In the conventional system, acquiring of gold is not easy because of the processes people undergo before they could acquire it. They will go all through the length of doing identify verification (kyc) before they could give them a chance to buy it. However, the Digital Gold platform has revolutionized the ecosystem, Digital Gold has tokenized the gold market. This means people can buy pure gold with the platform's GOLD token at ratio of 1 GOLD token for 1 gram of 99% FINE gold. So clients don't need to undergo kyc process before they could acquire the pure gold, and these platforms will create an easy market for gold business.
More detail of Digital Gold :
Website : https://gold.storage/
Whitepaper : https://gold.storage/wp.pdf
ANN Thread : https://bitcointalk.org/index.php?topic=5161544
Bounty : https://bitcointalk.org/index.php?topic=5164058
Telegram : https://t.me/digitalgoldcoin
Facebook : https://facebook.com/golderc20
Twitter : https://twitter.com/gold_erc20
Medium : https://medium.com/@digitalgoldcoin
Reddit : https://www.reddit.com/r/golderc20/
Author : clashofclan
Wallet : 0x1A5a015f3896b0362d13Df360F6d2745EFedAD6c
